Paris drives French property market
French property market activity continues to centre on Île-de-France. According to Cushman & Wakefield, the region around and including Paris represented €11.1 billion of transaction turnover in 2013 — 74 percent of last year’s France investments. In particular, French office property transactions are almost exclusively parisienne.
Looking ahead, though, the Paris market may see some uncertainty surrounding office lettings. Cushman & Wakefield reports that transactions of more than 4,000 square metres were “few and far between” in 2013. And office take-up in central Paris was down last year by 11 percent compared with the previous year, according to the firm.
Despite the uncertainty, large transactions continue to occur in Paris. Lone Star Funds, on behalf of Lone Star