Selectirente Buys French Retail Properties for €4M

Selectirente, a prominent French real estate investment trust focused on high-street retail, has significantly expanded its property holdings with five strategic acquisitions across key French cities. The transactions, totaling approximately EUR 4 million, were executed since the start of 2026 and are already generating an attractive initial yield of 6.1%. This move underscores the company's commitment to enhancing its portfolio of neighborhood retail assets in prime urban locations.

The newly acquired properties are divided into two distinct groups. A portfolio of three retail units, valued at EUR 1.8 million and spanning 230 square meters, includes a high-visibility location on Avenue du Maine in Paris's 14th arrondissement. This unit is currently occupied by Marionnaud, a leading cosmetics retailer, benefiting from the substantial foot traffic near Gare Montparnasse. Another acquisition is a retail space on Rue Paul Vaillant-Couturier in Rueil-Malmaison, leased to FRAM, situated on a principal commercial artery in the affluent western Parisian suburb.

The third unit within this group is located in Bordeaux, on Cour Aristide Briand near Place de la Victoire, and is leased to Societe Generale. This placement capitalizes on Bordeaux's dynamic commercial corridors. These three assets represent a concentrated effort to secure established retail spaces in areas with proven consumer engagement and strong tenant profiles, reflecting a prudent approach to asset selection within the French retail property market.

Complementing the multi-unit acquisition, Selectirente also secured two standalone properties for a combined EUR 2.1 million. One is a prime retail space in Paris's sought-after 6th arrondissement on Rue Dauphine, within the prestigious Saint-Germain district, currently leased to a fast-casual dining operator. The other is a high-growth retail street asset in Lyon's Presqu'ile district on Rue des 4 Chapeaux, occupied by a local personal goods retailer with an established multi-location presence, indicative of a robust omnichannel strategy.

All five properties are tenanted by well-regarded national brands, operating under lease agreements structured with conservative rental rates relative to prevailing market values. This strategy ensures stable income streams while preserving upside potential. As of December 31, 2025, Selectirente maintained a substantial investment capacity exceeding EUR 60 million, positioning it advantageously to pursue further attractive opportunities in Paris and other major French metropolitan centers. The company's CFO, Dany Abi Azar, oversees the financial strategy guiding these expansion efforts.

The French retail real estate sector, particularly for high-street locations, continues to demonstrate resilience, driven by consumer demand for convenience and experiential retail. Selectirente's proactive acquisition strategy aligns with this trend, focusing on properties that offer strong fundamentals and are situated in economically vibrant areas. The company's ability to deploy capital effectively, as evidenced by these recent transactions, highlights its robust financial health and its strategic foresight in navigating the evolving retail property market.