US market leader CBRE announces new French acquisitions

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.