Prime Highlight
- Bain Capital, Revcap and Black Swan have partnered to redevelop a vacant mixed-use property on the iconic Champs-Élysées, strengthening confidence in Paris’ prime real estate market.
- The project aims to create premium retail and modern office spaces to meet strong demand from international brands and corporate tenants.
Key Facts
- The investment involves the property at 29–33 Avenue des Champs-Élysées and is being developed through a joint venture between Bain Capital and Revcap, with Black Swan supporting execution.
- The redevelopment will include three flagship retail units and office space, with plans to meet leading environmental and sustainability standards.
Background:
Bain Capital, Revcap and Black Swan Real Estate Capital have announced a joint investment in a prime mixed-use property located at 29–33 Avenue des Champs-Élysées, reinforcing confidence in one of the world’s most prestigious retail and business addresses. The property is located on one of Paris’ most well-known avenues, popular with tourists and limited in large flagship spaces.
The investment is a joint venture between Bain Capital and Revcap, with Black Swan supporting the redevelopment. The partners plan to redevelop the empty building into a premium property with three large retail stores and modern office space designed for global brands and businesses.
The project already has a building permit and an empty interior, making redevelopment easier and faster. After completion, the property is expected to meet strong demand for large, high-end retail spaces on the Champs-Élysées, where such units are in short supply despite ongoing interest from global brands.
The investors pointed to the enduring strength of the avenue, citing its resilience during market cycles and its ability to attract consistent footfall from both international visitors and local consumers. They said current market conditions create a good chance to acquire rare properties in leading European locations at attractive prices.
Sustainability is a key focus of the redevelopment. The project aims to achieve certifications such as HQE, BREEAM and BBCA. Plans include better use of natural light, energy-saving systems and the possible addition of green or solar roofs, in line with Paris’ 2030 climate targets and European sustainability goals.
After completion, the redevelopment is expected to strengthen the avenue’s appeal and support its position as a key destination for retail, offices and urban activity.
