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2021-07-21 15:55 CET, France | Property Investment Management | Press release

F&A Asset Management acquires from a private investor a Parisian retail portfolio for the HIGH STREET RETAIL fund.

The OPPCI HIGH STREET RETAIL, with F&A ASSET MANAGEMENT, has acquired a portfolio of 3 shops with a total surface area of 335 sq.m, located in the 3rd and 16th districts of Paris.

The portfolio is composed of 3 shops located at the foot of the building:

- 24 rue Pastourelle - 75003 Paris, with a surface area of 80 sq.m rented to the ready-to-wear brand PAUL SMITH;

- 1 boulevard Exelmans - 75016 Paris, with a surface area of 138 sq.m. rented to the independent daycare center chain PEOPLE & BABY;

- 148 rue de la Pompe - 75016 Paris, with a surface area of 117 sq.m. rented to a restaurant.

The assets in this portfolio benefit from prime locations in the heart of established and dynamic retail environments as well as very good accessibility, in line with the investment strategy of the HIGH STREET RETAIL fund, which aims to position itself on the most resilient retail assets.

The transaction was carried out by CATELLA PROPERTY CONSULTANTS under an exclusive sales mandate.