Proud to serve European real estate markets since 2006 Real estate investment and asset manager AEW has acquired Passy Plaza shopping centre in the 16th arrondissement of Paris.
The centre was acquired from Generali on behalf of three of AEW’s funds under management for retail investors.
The four-storey asset, which comprises 13,000 square metres split over two levels of retail units and two levels of parking, is currently let to 25 tenants, including major brands such as Uniqlo and Zara Home.
The centre was completely renovated in 2018 with the aim of improving the energy efficiency, upgrading the building and modernising the design. Passy Plaza is situated on rue de Passy, close to the Passy (line 6) and La Muette (line 9) metro stations and the Boulainvilliers RER C station. The asset is located in one of the most affluent districts of Paris and represents a strong retail offering in an area with vacancy of less than 1% for retail assets.
Source: propertyeu.info on the 13th of June 2023
https://propertyeu.info/Nieuws/AEW-acquires-Passy-Plaza-shopping-centre-in-Paris/0cc93019-322f-413d-a2c2-0e4acb93ada7