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The Hotels & Hospitality Group of Jones Lang LaSalle were appointed by the Société Foncière Lyonnaise (SFL) as exclusive advisor to market the asset situated on the prestigious rue Saint-Honoré. This truly unique opportunity to acquire prime real estate in Paris’ Golden Triangle included the ultra-luxury 5-star Mandarin Oriental Paris as well as 2 upscale boutiques branded Ports 1961 and DSquared2.
The refashioned and sophistically designed property was available freehold under long-term commercial leases. The sale represents an outstanding conclusion to the joint effort of Jones Lang LaSalle’s Hotels & Hospitality team and the Capital Market Retail team who have marketed the opportunity to a targeted, international audience from both the hotel and retail world. The process resulted in generating 4 formal offers to the seller’s satisfaction.