In 2018, Hines, on behalf of its European Core Fund (HECF), acquired 213 Rue Saint-Honoré, a 795-square-meter prime flagship store occupied by Yves Saint Laurent.
Located in the 1st arrondissement of Paris, on the corner of rue Saint-Honoré and rue de 29 Juillet, the property sits between the Place Vendome and the Louvre. Over the years, the area around this location has gained prestige as a sought-after retail location in Paris with strong tourist footfall and a high concentration of luxury brands such as Chanel, Louis Vuitton, Dior, Moschino and Sandro.