Expert Insight, Breaking News, and Insider Stories on Real Estate in Paris
In the context of the dynamic commercial property market in Paris, Asian and Middle Eastern institutions have targeted the city for property investments. Recent research shows that sovereign wealth funds, insurance companies and developers have invested heavily in cross-border investments during the past two years. In 2013, total investment amounted to around $22 billion (€18.5 […]
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.
New research shows that Middle Eastern investors will shell out $180 billion on commercial real estate worldwide over the next 10 years. Paris will be one of the key targets.
If courtiers of the Sun King, Louis XIV, came back today they would be astonished at the changes time has wrought on the City of Light. Not only has the architectural face of Paris altered but real estate ownership has also been transformed.
The Concorde luxury hotels portfolio – including the luxurious Hôtel du Louvre and Concorde Lafayette Hotel in Paris, sold to Constellation Hotels France, a Middle East-based investor with global hotel holdings. Jones Lang LaSalle Hotels represented the seller, Groupe du Louvre, a subsidiary of Starwood Capital. Starwood acquired the hotels as part of its takeover […]
This private mansion has fallen under controversy in the last five years as its new owner, a brother of the Emir of Qatar, has embarked upon restoring it. Located on the tip of Île Saint-Louis, in the 4th arrondissement, the Hotel Lambert, designed by architect Louis Le Vau was originally built between 1640 and 1644 for the financier […]
President Hollande’s proposed income and wealth tax changes have caused at least some wealthy French residents to start looking for greener pastures with less burdensome taxes.
History may be repeating itself in the Paris real estate market today. At the peak of the market turmoil in 2008-2009, following the global credit crunch, sellers and buyers took a wait-and-see attitude, hoping that prices would see a marked decline. That didn’t happen,