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For BNP Paribas Real Estate, the retail market is "simmering".

Business Immo has exclusive access to a study by BNP Paribas Real Estate
Stores at 249-251 rue Saint-Honoré, Paris (CoStar)
Stores at 249-251 rue Saint-Honoré, Paris (CoStar)
Business Immo
November 5, 2024 | 8:03 AM

Translated from French.

Three weeks ahead of the Mapic trade show in Cannes, BNP Paribas Real Estate has carried out an exclusive study, available exclusively to Business Immo, on the French retail market, where €1.9 billion has been invested in nine months. This volume does not take into account user sales by luxury giants such as Chanel, Hermès and Armani, representing €800 million. Compared to the same period in 2023, this volume represents a moderate decline (-15%). In Q3, 800 M€ were committed (+101%).

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