FONDIS managed by AEW who spreads a strategy of acquisition of assets centred on stores situated in France, acquired a mango shop in Lille and two luxury shops in Cannes, boulevard de la Croisette, for a global value about 60Mn€.
The MANGO shop situated in 15-17 Rue de Bethune in Lille, the main axis of the city, develops a total floor space about 1600s.q.m., a ground floor which a little less than 1000s.q.m. dedicated to the sale space between the ground and the first floor.
FONDIS also acquired two luxury shops in Cannes, occupied by Céline (Group LVMH) and Giorgio Armani, down of the residential building of high standing « Le Relais de la Reine ». Assets are situated at 42/43 boulevard de la Croisette , good section between thes symbolic and luxuries hotels like Majestic hotel ans the Grand Hotel, numerous luxury shops or at 400m of the Palais des Festivals. The two luxury brands signed long leases.
Stéphane Sebban, Fund Manager of FONDIS at AEW Europe declares : « we are pleased by these new purchases, perfectly in accordance with the strategy of investment of FONDIS who targets stores assets situated well in the main cities of France. These operations demonstrate the capacity of our teams in sourcing the best opportunities for our customers. We are going to continue the deployment of our investment’s plan with a capcity of investment in order of 200M€. »
Raphaël Brault, Head of France at AEW Europe adds : « with the addition of these three acquisitions, the portfolio FONDIS rises in 550M€ at the moment and still has a pocket of investment.While remaining faithful to the strategy of investment of FONDIS, we are going to continue to identify operations to pursue the growth ans the diversification of FONDIS’s holding. »
Transaction realized with the cooperation of Nobilis Business
Press release AEW Europe