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The Grand Paris Project : Real estate opportunities and risks

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The Grand Paris Project - Real estate opportunities and risks

In an age of globalisation, key players in the market, starting with investors, increasingly focus their attention on the so called “world cities”, a recent concept which includes those recognised as the leading international financial centres. Paris (or, more precisely, the Paris region) falls into this exclusive category, along with London, Tokyo and New York, amongst a few others. The Paris story is the result of rapid expansion over the last 20 years, when its population grew to 11.7 million, 19% of the French population. Paris’s economic output is now over €550 billion, 29% of French GDP. Over the last two decades, the Paris region office stock increased from 35 to 53 million square metres. Paris is now the largest office market in Europe, and a major reservoir of opportunities for real estate investment.

Source : CBRE Global Investors

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