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Paris, 11 March 2014 - The biggest investment sales should take place in Paris, with 2 deals beating the € 1 billion threshold each. The interest of foreign investors for the Greater Paris Region market is undeniable early this year.
Risanamento is committed to sell its Paris real-estate porfolio to Chelsfield Partners LLP and Olayan Group for more than 1 billion euros. This portfolio comprises 9 prime properties in the most sought-after Paris markets. Once again this transaction demonstrates that the Paris office market remains highly popular with foreign investors, particularly Middle Eastern.
In February, Loan Star has announced the acquisition of SPV holding Coeur Defense.
We can also add the sale of the famous shopping center Beaugrenelle for 700 million euros.With such a start, the Paris investment market is expected to show a growth in the investment volumes in 2014.New investors, particularly Asian and sovereign, keep Paris at the top of their shopping list
The main reasons why the Paris office market is so attractive :
- Paris is the largest office market in Europe and the 2nd largest investment market in Europe- Paris is a mature and deep market offering an attractive balance between risk and yields and liquidity up to very large investment volumes
- Paris ranks 2nd in Western Europe as international investment destination- France is a land of large corporate : Paris is the European biggest concentration of large corporate according to Fortune Global 500- Paris is among the most transparent markets in the world and has the best possible quote in terms of transaction process- The Grand Paris project offers a potential of economic growth in the Paris region estimated at 2% per annum from 2015 to 2020,with the launching of the new orbital transport network by 2015- Paris will offer major opportunities to investors to capture value by the development of new Grade A office buildings within the Grand Paris Project
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