US market leader CBRE announces new French acquisitions

US market leader CBRE announces new French acquisitions

Real estate specialists CBRE have announced excellent figures for the US, as well as a desire to increase their asset value in France. The American branch was the leader on the US real estate market last year, with 17 billion euro in transactions. While the French branch is far smaller (with 673 million in investments last year), it also receives special attention.

Growing in France

These 673 million lifts the total value of CBRE's French real estate to 2.7 billion euro – including offices, retail complexes and logistic platforms. Recently, the group added two new acquisitions to that figure: a Fnac in Toulon and a shopping centre in Paris.

 

The Toulon Fnac measures 3,253 m² and lies in in the Mayol shopping centre, 53% of which was already property of CBRE. The shopping centre holds 100 stores, including a C&A and a Carrefour hypermarket. Together with the sale, Fnac extended its lease until 2018 – with an option until 2024. In the Paris region, CBRE has bought the 11,450 m² Centre Commercial Boissénart for 68 million euro. Boissénart holds fifty stores of French and foreign chains and is located next to a 14,000 m² Auchan hypermarket.

 

Top in the US

Last week, the magazine Real Estate Alert announced CBRE was the leading investment firm for commercial properties in the US, with 22.3 billion dollar (17 billion euro) in transactions. That figure included 2.6 billion dollar (2 billion euro) of investments in shopping centres; 95% more than the year before.

 

CBRE is based in Los Angeles but is operational in 65 countries. The group, with a 4.5 billion euro turnover, has 34,000 employees that – according to themselves – sign one transaction per eight minutes.

Questions or comments? Please feel free to contact the editors


Mitiska REIM acquires 11 Romanian retail parks

23/06/2017

Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.

Raad van State suspends Uplace's environmental permit

30/03/2017

Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.

Redevco buys new store location in Paris

24/01/2017

Real estate firm Redevco bought a store location, including stores like Tiffany & Co and Glasshütte, in the Rue de la Paix in Paris from Savills Investment Management. Neither party wished to disclose the fee for the acquisition.

Rental price for top shopping streets drops

16/11/2016

Rental prices in the world's two most expensive shopping streets have dropped due to the growth of online shopping, leaving retail chains and real estate agents in a real pickle on how to deal with this new reality.

Major Benelux cities are important step in international brands' expansion strategy

14/11/2016

International brands use major Benelux cities as an important stepping stone in their European expansion strategy, a new study says. Many major brands schedule openings in the Benelux immediately after hubs like Paris and London, mainly thanks to its central location.

Retail parks prove popular with shoppers and retailers alike

08/08/2016

Retail parks' appeal continues to grow, both with retailers and shoppers all across Europe. Relatively low costs and easy accessibility are important drivers of growth. The mixture of rental parties is also evolving.

Back to top