Over €1.3 billion in retail deals in the French market pipeline

With €1.3 billion allocated to the sector, retail accounted for 38% of French commercial real estate investments in the first quarter of 2025. This performance was well above the €500 million recorded over the same period a year earlier, and was driven by two flagship transactions: Ardian's €837 million acquisition of a 60% stake in an "ultra-prime" Paris portfolio put up for sale by Kering; and CDC Investissement Immobilier's €235 million acquisition of a 15% stake in the Westfield Forum des Halles shopping center. According to our information, in light of ongoing or forthcoming sales totaling more than €1.3 billion, these major retail transactions may well not be the only ones of the year.