Carlyle Group signs four leases in its 29/37 Rue du Bac office and retail development (FR)

Global private equity firm The Carlyle Group ("Carlyle"), today announces that it has signed four leases for a total of 3,000 m² of retail space in its 29/37 Rue du Bac office and retail development in the VII arrondissement in Paris, France.

The Carlyle Group acquired the former Douanes building in 2005, before commencing a major reconstruction project in 2008. The project will complete in March 2010, when Carlyle will deliver 12,000 m² of prime office space and 3,600 m² of retail space, divided into five lots, each spread over the basement, ground and first floors.

The first lease, of 1,200 m², is for the largest of the five stores and has been signed with leading fashion brand MONOPRIX, who will create a flagship, brand positioning shop that is due to open in spring 2010.

The second lease, for over 800 m² has been signed with B&B Italia, an upscale Italian furniture brand distributed by Silvera, for its first French store which is due to open at the end of January 2010.

A well known furniture brand and a luxury French "ready-to-wear" brand have also agreed to take 600 m² and 450 m² of space respectively.

Source: FD

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