France’s Axa Group has concluded an agreement with U.K. property developer Hammerson PLC to create a new office and shopping complex in the Place Vendome, rue St. Honoré area, one of the most fashionable and prestigious sites in the French capital.
Each company has a 50% stake in a joint venture established to develop the site, which is expected to take about two years to complete. Hammerson purchased the two adjoining buildings facing the 18th century Place Vendome from AXA for £78 million ($124 million).
Topics Training Development AXA XL
Was this article valuable?
Here are more articles you may enjoy.
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Root Inc. Opens 2026 With Best Quarterly Net Income Ever at Nearly $36M 
Spirit Airlines Shuts Down After 34 Years, Blames Higher Oil Prices 
Lawyers, Traders Among 30 Charged in Global Insider Trading Case 
