A string of big-ticket deals has given a boost to the French investment market in 2014, signalling the return in full force of global institutional money, PropertyEU's latest investment briefing on the country in September heard.
A string of big-ticket deals has given a boost to the French investment market in 2014, signalling the return in full force of global institutional money, PropertyEU's latest investment briefing on the country in September heard.
Investing in commercial real estate in France means, more often than not, investing in Ile-de-France. This ‘island of France’ captures nearly all transactional activity, leaving just a few crumbs for provincial cities like Lyon, Marseille or Toulouse. It also has an economy of its own, which is often disconnected from the rest of the country, according to Christophe Pineau, global head of research at agent BNP Paribas Real Estate.
‘When you take a close look at the market in Ile-de-France, there was positive economic growth even during the recession in 2012 and 2013, and unemployment was decreasing at a time when the rest of the country was struggling with a growing number of jobless,’ Pineau told PropertyEU’s France Investment Briefing held in London.
The full report on the briefing appears in the October edition of PropertyEU Magazine. Subscribers can also read the article online.
