Les Academies is a new development of 136 units comprising of furnished studio and 1 bed apartments located just 7km from the centre of Paris. Les Academies is situated in the centre of Vincennes which is a busy friendly suburb of Paris. Located to the east of the capital, Vincennes is dominated by a huge public park (Bois de Vincennes) and is Paris’ first real 'green area'. The park was landscaped under the direction of Napoléon III and is almost four times the size of Hyde Park in London. It has several lakes, notably Lac Daumesnil and Lac des Minimes which has three islands and rowing boats can be hired on each. In addition, the park contains a zoo, a tribal-art museum, the Hippodrome de Vincennes (racecourse), a castle, a flower garden, and several cafés.

The development is just 10 minutes walk from the Bois de Vincennes and is built primarily for students. The residence will also benefit from a breakfast room, laundry room, and the apartments will be cleaned and serviced. Units vary in size from 20 to 35 square meters. Each unit will have a fitted kitchen, bathroom and living area. Over the next 5 years, the Ile-de-France region will need to construct and develop over 200 student residences to meet the ever growing demand for short-term housing for visiting students. Residence Academies is the perfect solution for students in search of accommodation close to Paris for short or long term stays. France's number 1 student residence management company (Maison France) will service and manage this residence. The development is scheduled for completion end of 2008.
Within walking distance of the development are a selection of athletic and sports clubs, a volley ball court, swimming pool, riding centre and 2 gyms. The metro line is only 10 minutes away on foot and the direct line will take you into the heart of Paris in 15 minutes. The Champs Elysées is only 25 minutes by metro and both Orly and CDG International Airports are within 30 minutes by car. In addition, the residence is located only 300m from shopping areas, 750m from an outdoor market and 800m from the RER local train station.

With prices in the centre of Paris rising steeply, people are looking to upcoming areas, which are an affordable alternative with capital appreciation rising in tandem. Realistic pricing for the area and a hassle free maintenance contract make for an appealing investment venture. The management company is offering 4.33% guaranteed rental income, payable quarterly in arrears for 11 years. VAT of 19.6% is also refunded after purchase. This is an investment worth investigating as buyers should benefit from longterm capital appreciation by investing in one of the most sought after cities in the world. 100% mortgages are available.