​

-Qatar Investment Authority is delighted to announce the relaunch of the iconic property located at 52 Champs-Elysées, Paris. Following five years of extensive redevelopment, this landmark asset has been fully transformed into a mixed-use property of 270,000 sqf including an immense retail area of 178,000 sqf and office space of 91,500 sqf. 

-QIA is pleased to welcome Galeries Lafayette as the flagship retail tenant at 52

-Champs-Elysées. With 70,000 sqf – which is the largest retail space on the avenue – Galeries Lafayette aims to offer local and international visitors a one-of-a-kind, unique experience.

The world renowned department store will be joined by international luxury brands including Chanel, Dior, Lancome, and Monoprix. The asset will also have a rooftop restaurant overlooking the Champs Elysées, redefining the concept of luxury outdoor dining and offering unparalleled views of this famous Parisian shopping arcade.  

In June 2012, Qatar Investment Authority​ took the decision to buy 52 Champs-Elysées, and invest in one of the most central properties on the busiest street of Europe. Over the last five years, QIA worked closely with the local authorities, world renowned architect and design agencies, and key global luxury tenants to transform this building into an iconic property that would truly represent the history and status of the Parisian life-style on the Champs-Élysées. Best in class companies were mandated to assist on the planning and delivery of this project (architect: PCA. Project manager: Altarea Cogedim, Bouygues Construction, Asset manager: 52 capital). 

A Qatar Investment Authority spokesperson said “This project is a testament to the local stakeholders, government authorities and the local workforce who have helped QIA transform 52 Champs Elysees into an asset that represents the traditions of Champs Elysees, combined with the highest modern standards of the 21st century." The spokesperson added, “This project redefines what historic renovation can achieve with the collaboration of all stakeholders, and sets a new standard in premium retail and office real estate. As long-term holder of this space, we are pleased to have contributed to the Champs-Élysées' revival as a world-class retail destination, and look forward to welcoming more new and renowned global brands to the avenue." 

52 Champs Elysées has been built in compliance with the highest standards, rigorous environmental and energy performance standards, guaranteed by the certifications: BREEAM Excellent rate and HQE Exceptionnale  

 
Disclaimer

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. QIA does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated status of such statements. Therefore, in no case whatsoever will QIA and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.

​