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Bernard Arnault, the founder of the LVMH group, acquired three new prestigious Parisian addresses this summer.
Parisian real estate is in vogue. Several large French groups are currently buying buildings in the capital’s most beautiful districts.
Earlier this week, Groupama Immobilier completed the sale of a property on the Champs-Élysées to the Cheval Paris fund, with a capital gain of 400 million euros.
Bernard Arnault himself has bought three buildings in the capital, for 900 million euros, acquired from the heirs of the billionaire Claude Dray.
Prestigious addresses
The first address is none other than 22 Avenue Montaigne, which has been home to a Louis Vuitton boutique for several years. This colossal building of 18,700 m2 was 60% owned by the Dray family, the remaining 40% belonging to LVMH.
The second building is located at 7 rue de la Paix, between the seductive Place Vendôme and the Opera. It includes more than 3,100 m2 of office space, leased to several tenants, and 500 m2 of retail space occupied by the renowned jeweler, Piaget (owned by the Swiss group Richemont).
The last building is located at 12 place des États-Unis, in the 16th arrondissement. Its 5,600 m2 of offices are leased to the Belgian fashion house Martin Margiela.
This is a major investment for the head of the world leader in luxury goods.
In addition, many real estate moves are underway within the LVMH group.
Read also >LVMH announces an energy efficiency plan
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Bernard Arnault, the founder of the LVMH group, acquired three new prestigious Parisian addresses this summer.
Parisian real estate is in vogue. Several large French groups are currently buying buildings in the capital’s most beautiful districts.
Earlier this week, Groupama Immobilier completed the sale of a property on the Champs-Élysées to the Cheval Paris fund, with a capital gain of 400 million euros.
Bernard Arnault himself has bought three buildings in the capital, for 900 million euros, acquired from the heirs of the billionaire Claude Dray.
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Bernard Arnault, the founder of the LVMH group, acquired three new prestigious Parisian addresses this summer.
Parisian real estate is in vogue. Several large French groups are currently buying buildings in the capital’s most beautiful districts.
Earlier this week, Groupama Immobilier completed the sale of a property on the Champs-Élysées to the Cheval Paris fund, with a capital gain of 400 million euros.
Bernard Arnault himself has bought three buildings in the capital, for 900 million euros, acquired from the heirs of the billionaire Claude Dray.
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