BMO REP acquires mixed use trophy asset on Champs-Élysées

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– Transaction marks first club deal for BMO REP in France –

ZURICH, 17 December 2020 – BMO Real Estate Partners (BMO REP), the pan-European property investment and asset management specialist that is part of Canada’s BMO Financial Group’s £217 billion1 Global Asset Management business, has acquired a mixed-use trophy asset on the Champs-Élysées in Paris. This is BMO REP’s first club deal in France and has been undertaken together with two German pension funds.

The ultra-prime property, a prestigious Haussmann designed corner building located at 71-73 Avenue des Champs-Élysées, comprises 5,700 sqm of fully occupied lettable office and retail space across seven floors above ground and two basement levels.

Located on the ground and first floors, fronting onto the Avenue des Champs-Élysées, the c. 1,600 sqm of retail space is let to luxury jeweller Dubail, the primary franchise retailer for Rolex in France, premium fashion brand Tara Jarmon and telecommunications company SFR. The office spaces on the upper floors, all of which have exterior balconies, are let to six tenants including insurance broker Cooper Gay and Bank Audi’s headquarters.

“This transaction reflects our capability in sourcing off-market transactions from private investors and in securing mutually beneficial conditions in the backdrop of the pandemic,” commented Adrien Brion, Head of Operations at BMO REP. “This high-profile property further demonstrates our expertise within the prime luxury high-street retail sector. The investment provides both capital preservation as well as the potential for value creation in the medium term given the asset’s current income profile and the supportive dynamics underpinning this excellent micro location.”

Linklaters (Françoise Maigrot), Etude Lasaygues (Stéphanie Boutemy), Arsene-Taxand, Arcadis and Creatis were advisors to BMO REP for the successful completion of this transaction.

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Media Contacts:

Mischa Vajda
Voxia communication
mischa.vajda@voxia.ch
+41 43 344 98 50

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About BMO Real Estate Partners
BMO Real Estate Partners is a specialist real estate investment manager firm with £6.4 billion of AUM2 across core European markets, employing more than 140 staff, including more than 20 investment managers and over 25 asset managers overseen by a highly experienced and well-regarded management team.

It offers investors a broad suite of products specializing in core / core+ strategies with a focus on delivering superior income returns and a track record of performance against key benchmarks throughout market cycles. BMO Real Estate Partners has a strong localised presence with offices in London, Paris and Munich, as well as on-the-ground reach in core
European markets including Spain and Italy.

While it retains an independent, agile and entrepreneurial approach to its investment activity, BMO Real Estate Partners is able to call on the support structure and expertise of BMO Financial Group’s £217 billion3 Global Asset Management business, which provides deep seated insight into institutional investment landscape and facilitates the adoption of best in class corporate governance and sustainability principles.

Über BMO Global Asset Management
BMO Global Asset Management ist ein weltweiter Anlageverwalter mit Büros in über 25 Städten in 14 Ländern, der Kunden auf fünf Kontinenten erstklassige Dienstleistungen anbietet.

Unsere vier Anlagezentren in Toronto, Chicago, London und Hongkong werden von einem Netzwerk weltweit führender Anlageexperten an strategischen Orten auf der ganzen Welt unterstützt: BMO Real Estate Partners, LGM Investments, Pyrford International Ltd.BMO Global Asset Management ist Mitunterzeichner der Prinzipien der Vereinten Nationen für verantwortliche Investitionen (UNPRI).

BMO Global Asset Management ist Teil der BMO Financial Group, eines stark diversifizierten nordamerikanischen Finanzdienstleisters mit einem Gesamtvermögen von 974 Milliarden CDN per 31. Juli 2020.4

Der Wert der Anlagen und die Erträge aus denselben können infolge von Markt- oder Währungsschwankungen sowohl steigen als auch fallen, und Anleger erhalten möglicherweise nicht den ursprünglich investierten Betrag zurück.
Das Herausfiltern von Sektoren oder Unternehmen kann die Diversifizierung verringern und somit die Volatilität des Werts einer Anlage erhöhen.

2 Assets Under Management (AUM) reported is as at 30.06.2020 and includes both discretionary and non-discretionary assets.
3 BMO Global Asset Management as at 30 June 2020.
4 https://www.bmo.com/ir/qtrinfo/1/2020-q3/Q320_CorporateFactSheet.pdf

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