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Retail

The Galeries Lafayette Group finalises the sale of BHV Marais

The Galeries Lafayette group has just announced that it has finalised the sale of BHV Marais, which also includes BHV Parly 2, after obtaining (...)

Retail

After BHV Marais, SGM sets its sights on an 18,000 sqm shopping centre

The SGM Group, chaired by Frédéric Merlin, has acquired the Metz Saint-Jacques shopping centre from Klépierre. The centre comprises 78 premises spread over 18,000 (...)

Finance

SGM obtains financing for the €500m acquisition of BHV Marais

In a press release dated 27 May, Société des Grands Magasins, chaired by Frédéric Merlin, confirmed "the acquisition of BHV Marais" from the Galeries (...)

Finance

French commercial real estate investment falls sharply in Q1 2023 (Knight Frank)

Knight Frank reports that continued monetary tightening and questions about the strength of the international banking system have kept investors on hold in the (...)

Retail

780 M€ invested in retail property since the beginning of the year

780 - That's the amount, in millions of euros, invested in retail property over the first two months of the year, according to a (...)

Retail

Paris 4th's BHV Marais soon to be sold

Galeries Lafayette is preparing to "pass on the torch" of BHV Marais. The group has entered exclusive negotiations with the Société des Grands Magasins, (...)

Retail

French iconic Galeries Lafayette sells 22 regional stores for franchise operations

Iconic French department store chain Galeries Lafayette is to sell 22 regional stores to a private firm controlled by businessman Michel Ohayon, converting them into franchise operations. (...)