17 November 2017
Grosvenor Europe sells French high street retail portfolio
Grosvenor Europe (Grosvenor), one of four operating companies of Grosvenor Group, one of the world’s largest privately-owned property groups, has completed the sale of a portfolio of French retail assets to Amundi Immobilier.
The high street retail portfolio, which comprises 20 city centre assets spread over six cities in France, has a total annual rent of approximately € 7 million. Key assets within the portfolio include Passage Provence Opera Gallery, an & Other Stories store on rue de la Haute Montée in Strasbourg, the Zara store in Metz and the Kooples boutique in Mirabeau in Aix-en-Provence.
This transaction follows the sale of Grosvenor’s Equinoxe retail park portfolio to Amundi Immobilier in July 2017.
Grosvenor was advised by Rothschild & Co and Allez & Associé. Amundi Inmobilier was advised by CBRE - Convergences, Thibierge, Gide and by Siena.
For more information contact:
Rebecca Dwyer, Press Office
020 7312 6101
Notes to Editors
Grosvenor Europe invests, develops, operates and manages real estate assets and funds, with a focus on six European cities: Paris, Lyon, Stockholm, Madrid, Milan and Liverpool.
Building on our recognised skills and the wider Grosvenor Group’s 340 years of experience in real estate, we adopt a long-term, value-add approach to investment, development and management.
We work closely with like-minded partners and aim to create value for our partners, shareholders and the local communities in which we work by creating compelling investment strategies that are expertly implemented by our local teams.
As at 31 December 2016 Grosvenor Europe managed £2.9bn / €3.43bn of assets, including a portfolio of historical buildings in the heart of Lyon’s city centre in France, Liverpool ONE in the UK and Skärholmen Centrum shopping centre in Stockholm.