BMO Real Estate Partners has acquired a prime luxury retail property located on Rue du Faubourg Saint-Honoré in Paris’s 8th Arrondissement. The investment volume was not disclosed, but the sale-and-leaseback transaction with Italian fashion brand Ermenegildo Zegna reflected a net initial yield of 3.4%.
German-listed real estate company Branicks Group has sold a retail property in Bremen city centre to municipal urban developer Brestadt for €37.2 mln.
