PARIS—Cushman & Wakefield has been appointed by the owners of one of Paris' most notable retail properties—51 Boulevard Haussmann—to find a new retail tenant for the space. The 30,000 sq ft property, jointly owned by U.S.-based Thor Equities and Ares Management, is set within the center of the French capital's ninth arrondissement—one of the busiest shopping districts in the city. It is currently occupied by Italian-based global fashion giant Benneton.

Built in 1866 and significantly renovated in the early 2000s, the building is currently the Paris flagship of Benetton.  Controlling an entire block with a significant frontage along Boulevard Haussmann, the address is also anchored by Rue Auber and Rue de Caumartin.

“This is a unique opportunity to lease one of the most desirable retail spaces in the world,” said Cushman & Wakefield retail partner Peter Mace. “With 42 million shoppers visiting Boulevard Haussmann each year and an appealing array of quality retailers nearby, we expect to see a lot of interest from major international brands.”

Boulevard Haussmann and the surrounding thoroughfares are home to some of the most renowned names in luxury and high street fashion. Stores in the immediate area include GAP, Massimo Dutti, Printemps, Galeries Lafayette, Armand Thiery, L'Occitane, Fossil, H&M, Sephora and Apple.