Cushman & Wakefield has been appointed by the owners of one of Paris’ most recognizable retail landmarks to find a new tenant.
The 30,000 s/f property – jointly owned by U.S.-based Thor Equities and Ares Management – at 51 Boulevard Haussmann is set within the heart of the French capital’s ninth arrondissement; one of the busiest shopping districts in the city.
Built in 1866 and renovated in the early 2000s, the building is currently the Paris flagship of Benetton. Controlling an entire block with frontage along Boulevard Haussmann, the address is also anchored by Rue Auber and Rue de Caumartin.
Cushman & Wakefield retail partner Peter Mace said: “This is a unique opportunity to lease one of the most desirable retail spaces in the world. With 42 million shoppers visiting Boulevard Haussmann each year and an appealing array of quality retailers nearby, we expect to see a lot of interest from major international brands.”
Boulevard Haussmann and the surrounding thoroughfares enclose all of the most renowned names in luxury and high street fashion. Stores in the immediate area include GAP, Massimo Dutti, Printemps, Galeries Lafayette, Armand Thiery, L’Occitane, Fossil, H&M, Sephora and Apple.
Earlier week, Thor announced it has signed a contract to acquire 102 Avenue des Champs-Elysees in Paris. The company also owns 65-67 Avenue de Champs-Elysees.