BMO REP acquires iconic property in Paris for its pan-European retail fund

BMO Real Estate Partners, part of Canada’s BMO Financial Group’s £189 billion ($232 billion) global asset management business, has completed the acquisition of the Fontaine Gaillon restaurant in Paris from French actor Gerard Depardieu on behalf of its pan-European retail property investment fund.

As part of the transaction, the restaurant has been vacated by its occupier and BMO Real Estate Partners has separately secured a new 10-year commercial lease with Moma Group, which will develop a new concept in the premises. Moma Group is one of Paris’ most prestigious restaurant groups, renowned for its excellence in both gastronomy and atmosphere, with a reputation for working with the most celebrated chefs and interior decorators.

The property boasts a prime location next to the Opéra Garnier in the 2nd Arrondisement, in the heart of Paris’ popular luxury retailing and tourist destinations, as well as benefiting from a high demand for business events due to the