PropertyEU

BMO REP buys on top Paris fashion street at 3.4% yield

By a staff reporter 2018-03-08T00:00:00

ermenegildo zegna at 50 rue du faubourg saint honoré in paris s 8th arrondissement

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%. 

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