65 Boulevard de la Croisette

65 Boulevard de la Croisette, Cannes, France
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Allied recently acquired a partnership interest in this collection of luxury retail stores located at 65 Boulevard de la Croisette the main thoroughfare running directly along the Mediterranean Sea through the heart of Cannes. The property includes a total of 8 individual retail stores located between the famous Carlton and Martinez hotels, currently 100% leased to luxury retailers such as Bottega Veneta, Balenciaga, Brioni, Burberry and Yves Saint Laurent.  Market  rents  have  increased  significantly  since  the  existing  leases  were signed and as such Allied expects to realize significant upside as leases expire over the next 5 years.