Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
LBO France and Maple Knoll Capital have bought a total of 60,000m2 of office space in four locations for an undisclosed sum. LBO France will take control of a 17,000m2 building in Saint-Ouen, currently rented to Alstom Transports. Maple Knoll will manage the other three buildings in Velizy, Ivry-sur-Seine and Gentilly.
According to recent figures, real estate prices in Paris have continued to hold up and the number of transactions has increased during the 2nd quarter of 2014. The representative body of the officials who handle property transactions, Notaires de Paris-Ile-de-France, issues a quarterly roundup of property prices. These figures show that prices remained stable in […]
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.
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.
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 Concorde Opéra Paris hotel is undergoing a significant restoration program, prior to re-branding as the Hilton Paris Opéra in September 2014. The hotel remains open during the renovation work, which is scheduled for full completion in early 2015.
Super-luxury properties in Paris with a price tag of €10 million or more remain highly sought-after, according to property experts. Most buyers at this level are ultra-high net worth foreigners with assets of more than €25 million. This trend is predicted to increase.
This is the sixth in our series of posts looking at major projects that are enhancing parts of Paris. The largest cultural and sporting complex in France, Arena 92, is currently scheduled to open at the end of 2016 in Nanterre in Paris’ western suburbs. The stadium is under construction on a former sports ground […]
The Peninsula Paris Hotel will open its sumptuous doors on August 1st on Avenue Kléber in the 16th arrondissement (district). The hotel is located near the Champs-Elysées and is a stone’s throw from the Arc de Triomphe.
A Hong Kong listed investment company has announced it is buying the Paris Marriott Hotel from French real estate company MCE PropCo. This luxury hotel is located on the Champs-Elysées in the center of Paris.