In separate deals, two firms have acquired retail assets in Paris.
AEW acquired a luxury store on 384 Saint Honoré Street in Paris (75001) on behalf of FONDIS, a fund focused on acquiring and managing retail assets across France, from a private seller. The sales price was not disclosed.
Located on the prestigious Saint Honoré Street, one of Paris’ premier high-end retail destinations at the corner of Duphot Street, the building is fully let to luxury brand Christian Dior Couture. The asset is also in close proximity to the Louvre, the Seine and the Opera district of Paris.
“This acquisition is aligned with FONDIS’s strategy of investing in high-quality retail assets in strong high-footfall retail locations and demonstrates our team’s ability to source the best opportunities for our clients,” said Stéphane Sebban, fund manager of FONDIS for AEW. “This acquisition brings the fund’s total portfolio to €600 million [$678 million] with a remaining
