The long-awaited reopening of the Picasso Museum is scheduled to take place on October 25th 2014, the 133rd anniversary of the Spanish-born artist’s birth. The re-launch was originally planned for June 2014. We reported on it back in April as part of our series on major projects that are enhancing parts of Paris.

The Arche de la Défense is a distinctive sight on the Paris skyline and one of the emblems of the city. This enormous glass and marble cube is 25 years old this year and is about to undergo a major face-lift.

A new French residential property price index is to be launched in September 2014. Its creator is Michel Mouillart, a professor of economics at a Paris university and director of the Housing Credit Observatory. He claims that it will provide more up to date information than existing data.

According to recent research, investors paid €10.7 billion euros for French office, retail, logistics, and industrial properties between January and June 2014 – an increase of 73% over the same period in 2013.

The French State is one of the biggest holders of state-owned property in the world. It held €59,384 billion of real estate at the end of 2013 and continues its policy of divestment. In 2012, its property assets were valued at €60,064 billion.

Sales of famous Paris hotels continue apace. InterContinental Hotels Group (IHG) has recently agreed to sell the Le Grand hotel to the Qatari group Constellation Hotels Holding Limited for €330 million. The hotel currently has 470 guest rooms, including 70 suites. Constellation plans to renovate Le Grand at an estimated cost of €60 million.

Continuing our series of collaborator interviews, Elyse and Stephen Gutman of the Corcoran Group tell us about the luxury real estate market in New York City. 1. Please give us a brief bio of your agency. The Corcoran Group was founded in 1973, as the market in New York City was transformed from a mainly […]

The world’s biggest sovereign investment fund, Norges Bank Investment Management, has bought Le Madeleine building in Paris for €425.6 million ($570 million) from a fund managed by Blackrock Inc.

The Notaires de France (officials who handle property transactions) indicate that French property prices were stable at the end of May. In advance of their quarterly analysis for the 2nd quarter of 2014, the notaires’ bulletin shows that prices in Paris saw a slight decline of 0.2% between February and May. As ever, these figures […]

French real estate firm Klépierre is poised to acquire Dutch rival Corio for €7.2 billion. Following the deal, the Europe-wide shopping mall operator would have €21 billion of assets.