Living Paris

Grosvenor in Paris

Paris, the city of lights, is one of Europe’s major centres for finance, fashion, science and the arts. Romanticised the world over, the French capital attracts visitors to enjoy its fine food, Haussmann architecture, galleries like Le Louvre and of course monuments including the Eiffel Tower, Sacre Coeur and the Arc de Triumphe.

Since 2004, we have been both an investor in and manager of retail portfolios throughout France, including in Paris, and have completed over €10 billion in investment transactions. In 2017, we changed our strategic focus in Paris in order to make the most of opportunities arising from the acceleration of economic growth in the capital.

We now invest in secondary offices; underutilised assets where we have identified opportunities to add value either through refurbishment to create sought after A-grade office space, or through repositioning and redevelopment into residential units.

Grosvenor's city insights

  1. The economic powerhouse of France

    The region of Paris houses around 10% of the French's population, but with more than six million jobs, it accounts for nearly 30% of the French GDP [2018]

  2. Highest density in Europe

    The city of Paris together with the neighbouring municipalities constitute an urban area characterised by an extremely high density of the urban fabric and population.

  3. Flourishing start-up and tech hub

    Paris ranks among the top destinations for start-up capital in Europe. In 2017, Station F, the world’s largest start up incubator, was launched in the 13th arrondissement and now provides office space for up to 1,000 start up and early stage businesses and supportive corporate partners including the social media giant, Facebook. 

My Paris

"I have lived in Paris for over 20 years and my favourite area of Paris would have to be Batignolles in the 17th arrondissement. It’s a great blend of residential and independent retailers, restaurants and bars that makes the area both dynamic and cosy. It’s tucked away in the north-west corner of Paris and despite its proximity to the CBD and major landmarks such as the Arc de Triomphe and Champs Elysées, the neighbourhood is relatively unknown to tourists which helps to preserve the laidback and authentic atmosphere."

Alban Halle, Grosvenor Europe

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