Barings has acquired a prime grocery retail asset on the 7th Arrondissement in Paris, on behalf of a strategy to acquire core real estate, from an insurance company.
Located on 42 Rue de Sèvres, one of the wealthiest areas on the left bank of Paris’ 7th arrondissement, the 4,500-square-meter (48,438-square-foot) asset includes more than 2,400 square meters (25,833 square feet) of sales area and is fully let to a global leading French retailer. The asset sits within one of the densest retail areas in Paris, with a very low vacancy rate, and benefits from a direct Métro station access (Vaneau), and close proximity to the luxury department stores Le Bon Marché et La Grande Epicerie, a number of major companies’ headquarters and high-end residential properties as part of a regeneration of the former Laennec Hospital.
“This is our second retail transaction over a two-year period after acquiring a retail portfolio in 2022. Our main focus though continues to be in
