The Qatar Investment Authority has bought a flagship retail complex on the Champs-Elysées from French insurance firm Groupama for more than 500 million euros, or $622 million at current exchange, the French daily Le Figaro reported on Tuesday.
A spokesman for Groupama declined to comment on the report, as did a spokeswoman for real estate firm Jones Lang LaSalle, which handled the sale. Officials at Qatar Investment Authority did not respond to requests for confirmation.
The building at number 52 dates back to the Thirties and is now home to a Virgin Megastore, a branch of French retail chain Monoprix, a shopping arcade and offices.
Nice post:) I think Its very huge amount for the retail complex.
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