London’s Bond Street; Park Avenue; The Champs Elysées; Tokyo’s Ometesando, the Via Montenapoleone in Milan: names that evoke luxury and stability.
These are locations set apart from the wider world of retail; homes to the world’s most sought after luxury brands and harbours against stormy property markets: real estate with an appeal to investors and retail brands that endure economic cycles. But they are scarce resources, owned, occupied and invested in by a relatively small - and sometimes closed -group.
For investors or retailers looking to gain exposure to these locations there are always opportunities. Providing that is you know precisely what’s happening on the ground, around the world, all the time.
This is no small proviso – but we meet it for our clients.
Our people in London, New York, Paris, Milan and the other major cities know their prime retail streets and districts inside out. From buildings to owners, investors and occupying brands, their knowledge is unsurpassed. Their ability to share that knowledge to the benefit of clients right around the world is unmatched.
If you’re interested in prime, city centre retail assets around the world – their sale or acquisition - please contact our team.
Maximilianhöfe - Munich
In November 2011 CBRE was exclusively instructed to sell Maximilianhöfe, a prime retail-led asset located on Maximilianstrasse, Munich’s most exclusive street of leading luxury retailers and corporate occupiers.
CBRE were instructed to dispose of the retail condominium unit at 666 Fifth Avenue, New York. One of the major concerns was the record setting price per square foot. Only 13,847 square feet were located on the ground floor, thus compounding the price per square foot issue.