State Oil Fund of the Republic of Azerbaijan (SOFAZ) carries out first acquisition in France (AZ/FR)

Axa Real Estate has reached, on behalf of one of their clients, an agreement to sell their property located at 8 Place Vendôme in Paris (75001), to an indirectly owned subsidiary of SOFAZ, for €135 mln.

This mixed trophy building comprises 5,400 m² and is let to prestigious tenants, notably Valentino for the office space and Dior and Mikimoto for the retail space.

Axa Real Estate was advised by Cheuvreux. SOFAZ was advised by notary Lasaygues & Associés, law firm Allen & Overy and Cushman & Wakefield's Capital Markets Group.

Source: Cushman & Wakefield

Related News

Boots to close 300 stores (GB)
Boots to close 300 stores (GB)

Boots UK hasannouncedplans to close 300 stores across the country in the next year. The closures are expected to reduce Boots' store count from approximately 2,200 to aro ...

Gramicci launches first global store in London (GB)
Gramicci launches first global store in London (GB)

Shaftesbury Capital has announced thatGramicci, the outdoor and lifestyle clothing brand that specialises in hard-wearing apparel, has opened in Covent Garden, marking it ...

Liverpool ONE grows its retail offer (GB)
Liverpool ONE grows its retail offer (GB)

Grosvenorhas announced that global activewear and lifestyle brand, Sweaty Betty, and worldwide retailer for luxury cosmetics Space NK have both opened their city debuts a ...

BOXPARK unveils new concept in London (GB)
BOXPARK unveils new concept in London (GB)

Liverpool Street is getting its very own food hall with a diverse offering, asBOXPARK’sfirst BOXHALL scheme in London receives planning consent. Following approval ...

London Designer Outlet unveils range of upsizes (GB)
London Designer Outlet unveils range of upsizes (GB)

London Designer Outlet (LDO)announced a number of upsizings at the capital’s leading fashion and lifestyle destination.Guess,Levi’s, The North Face andLindt h ...

Banco Fresco launches new store format in Milan (IT)
Banco Fresco launches new store format in Milan (IT)

Banco Frescohaslaunched a new store under thenew proximity supermarket format. The 500m² Freshstore in Via Moscati 11in Milan offers an assortment of 'sought-after' ...

PUMA opens at Gloucester Quays (GB)
PUMA to open new store at Gloucester Quays (GB)

Peel L&P has announced thatPUMAhas signed at premier South West outlet and dining destinationGloucester Quays. The brand will open its 2,184ft² outlet store oppo ...

Leveltap launches Eports concept at Liverpool One (GB)
Leveltap launches Eports concept at Liverpool One (GB)

Grosvenorhas announced that competitive-socialising Esports conceptleveltap, has officially launched its debut bricks-and-mortar site at Liverpool ONE’s Hanover Str ...