Luxury
The luxury ‘store wars’ cleaning up the Champs-Élysées
Barely a year after buying a huge building on the Champs-Élysées, Brookfield Asset Management received an offer last autumn that was so tempting it abandoned its plans to redevelop the Paris block. The near-€1bn sale in December to Bernard Arnault’s LVMH netted the Canadian real estate investor at least €200mn,…
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Click here to read the full story: Financial Times