Located on 42 Rue de Sèvres, one of the wealthiest areas on the left bank of Paris’ 7^th arrondissement, the circa 4,500 sq m asset includes more than 2,400 sq m of sales area and is fully let to a global leading French retailer. The asset sits within one of the densest retail areas in Paris, with a very low vacancy rate, and benefits from a direct Métro station access (Vaneau), and close proximity to the luxury department stores Le Bon Marché et La Grande Epicerie, a number of major companies’ headquarters and high-end residential properties as part of a regeneration of the former Laennec Hospital.

Rothschild & Co and Knight Frank were mandated by the Vendor. Barings was advised by Oudot (notary), LPA-CGR (lease, tax, structuring), Arcadis (technical and environmental), RSM (accountant) and Cushman & Wakefield as commercial advisers. The asset is held by an OPCI managed by Edmond de Rothschild & Co.

Guillaume Bieganski, Managing Director and Country Head, France, at Barings Real Estate, said: “Through our on-the-ground team and its strong relationships in the market, we identified this opportunity to acquire a prime retail asset in an extremely desirable location at an attractive price and seized it on behalf of our investors. This is our second retail transaction over a 2-year period after acquiring a retail portfolio in 2022. Our main focus though continues to be in the prime office sector (mainly Paris CBD), in logistics including development JVs, as well the residential sector including PBSA/BTR/BTS across France.”

Gunther Deutsch, Managing Director and Head of European Transactions at Barings Real Estate, said: "While grocery retail is not our prime focus across Europe, this opportunity was unique and compelling, which is why we transacted on it. Our focus for our investors across Europe remains on logistics and living, be it with developer JVs or forward structures in our target markets, namely France, Germany, the Netherlands, the Nordics, the UK, Iberia and Italy.”

Contacts
Polly Warrack/Ben Monteith (SEC Newgate)
baringsRE@secnewgate.co.uk

Barings Real Estate
Barings Real Estate (BRE) is a part of Barings and offers a broad range of global investment opportunities across the private debt and equity investment markets. BRE invests in all major property sectors and offers an expansive range of financing solutions to real estate borrowers.  Follow us on LinkedIn at linkedin.com/showcase/barings-alternative-investments.

About Barings
Barings is a $406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*As of March 31, 2024