Unibail-Rodamco-Westfield (URW) has sold a 50% stake in Forum des Halles, the iconic shopping center in central Paris, to CDC Investissement Immobilier, a subsidiary of Caisse des Dépôts et Consignations.
The shares of Forum des Halles, the flagship shopping center in central Paris , were sold to CDC Investissement Immobilier, a subsidiary of French institutional investor Caisse des Dépôts et Consignations, for 235 million euros. The massive, 835,300-square-foot underground shopping center is the most visited in France, with 150,000 visitors daily.
The center will now operate as a joint venture, with URW in control of a 50 percent stake, along with AXA Investment Managers Alternatives at 35 percent, and CDC with 15 percent. URW will continue to manage the center, which houses fashion shops such as H&M, Zara and Mango, alongside books and electronics retailer Fnac and French retailer Monoprix. This transaction marks a strong milestone in the flagship shopping center investment market, showcasing one of the most attractive and best-performing. The sale is the latest step in the 9 billion euro deleveraging and debt reduction plan. As part of that plan, the mall giant has sold 1.5 billion euros of properties since the beginning of 2024, which has gone towards the debt reduction. “The group remains in active discussions for further divestments, as part of its debt reduction plan,” the company added
Forum Des Halles URW Sale Shopping Center Paris Investment
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