SELECTIRENTE, the specialized real estate company in local retail properties, has announced five new acquisitions since the beginning of the year, including a portfolio of three shops located in Paris (14th), Rueil-Malmaison (Hauts-de-Seine), and Bordeaux (Gironde), and two others individually in Paris (6th) and Lyon (2nd). The total amount of these investments, leased to leading brands in high-density commercial city centers, amounts to nearly 4 million euros with an immediate yield of 6.1%, featuring conservative rents compared to market values.
Acquired for 1.8 million euros and covering an area of 230 square meters, the portfolio includes an asset located on Avenue du Maine in Paris, near Gare Montparnasse, currently rented to Marionnaud; an asset leased to FRAM in Rueil-Malmaison, on Rue Paul Vaillant-Couturier, a commercial street close to the town hall; and an asset in Bordeaux, occupied by Société Générale and located on Cour Aristide Briand, near Place de la Victoire.
The other two shops are situated on Rue Dauphine, in the touristy area of Saint-Germain (6th), known for hosting a significant number of independent and international brands; and in Lyon, on Rue des 4 Chapeaux (2nd), in the heart of Presqu’île, a street with increasing commercial activity in recent years and home to many upscale brands.
Acquired for a total of 2.1 million euros, they are leased respectively to a fast-casual restaurant specializing in poke bowls and a Lyon-based personal equipment brand, operating in three other retail locations and implementing an omnichannel strategy.
Since the beginning of the year, SELECTIRENTE has been committed to several other acquisitions in Paris and major French cities, ready to seize more opportunities with its current financial resources.
Jérôme Descamps, President of SELECTIRENTE Gestion, stated: “With a total investment capacity exceeding 60 million euros by December 31st, SELECTIRENTE strengthens the development of its portfolio by capturing the best acquisition opportunities on the market, in a favorable low-cycle momentum. Other acquisitions are currently under review, both in Paris and in major French cities, the focus of our investment strategy.”
SELECTIRENTE, the only French listed real estate company specialized in retail properties, is traded on Euronext Paris and managed by SELECTIRENTE GESTION, which relies on the expertise of SOFIDY for asset management, property management, investment, and divestment programs. The company has a diverse and high-quality real estate portfolio valued at nearly 580 million euros, with a dual growth strategy to develop and enhance its commercial properties in city centers in Paris and dynamic French and European cities.
For more information, visit www.selectirente.com.
