Thursday, 26 March 2015
C&W exclusively appointed to lease iconic Paris flagship (FR)
Global real estate adviser Cushman & Wakefield has been appointed by the owners of one of Paris’ most recognizable retail landmarks to find a new tenant.
The 30,000 ft² (2,787 m²) property – jointly owned by Thor Equities and Ares Management – at 51 Boulevard Haussmann is set within the heart of the French capital’s ninth arrondissement; one of the busiest shopping districts in the city.
Built in 1866 and significantly renovated in the early 2000s, the building is currently the Paris flagship of Benetton. Controlling an entire block with a significant frontage along Boulevard Haussmann, the address is also anchored by Rue Auber and Rue de Caumartin.
Cushman & Wakefield retail partner Peter Mace said: “This is a unique opportunity to lease one of the most desirable retail spaces in the world. With 42 mln shoppers visiting Boulevard Haussmann each year and an appealing array of quality retailers nearby, we expect to see a lot of interest from major international brands.”