Caution needed beyond polarised Paris market

The Paris office investment market has become more distinctly polarised between core CBD and “the rest”, particularly suburban markets which command higher yields and risk, Faro Capital Partners’ managing partner Guillaume Turcas tells Richard Betts.

Meanwhile, outside the capital the top four or five cities are holding on and most have low vacancy rates. But public sector tenants are significant here and occupier demand is likely to be restrained for the next few years so Turcas recommends a conservative approach to acquisition.

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