Test Article 1/10/24 - Missing contact 2

In the summer of 2022, the building at 150 Champs-Élysées had already made headlines for a €650 million transaction. It had been acquired from Groupama Real Estate by an investment fund called Cheval Paris and managed in France by Mimco Asset Management, bringing together a consortium of investors including Brookfield (read our article). In 2023, this asset, which is currently undergoing a restructuring operation, changed hands again. LVMH decided to cut the grass under the foot of his competitor Kering, who wanted to rent this 18,000 m² asset, paying the modest sum of around €1 billion to acquire it (read our article).