Groupe Partouche's Strategic Move in Paris Property Acquisition
Deal News | Jun 17, 2025 | FREO Group Holding SARL
Groupe Partouche, a prominent French entertainment group known for its casino operations, has acquired a building at 10 avenue de la Grande Armée in the 17th arrondissement of Paris. This acquisition from FREO Group and Veld Capital marks a significant strategic move as Groupe Partouche plans to establish its new head office and enhance its gambling offerings in Paris. The transaction underscores the ongoing investment and interest in Paris's real estate market, especially in prime locations. FREO Group Holding SARL, together with its partner Veld Capital, facilitated the sale, signifying their divestment from this particular asset. The acquisition is set to be completed in January 2025.
Sectors
- Real Estate
- Entertainment & Gambling
Geography
- France – The acquisition involves a property located in Paris, France, indicating this transaction's geographical context.
Industry
- Real Estate – The transaction involves the acquisition of a significant building property in Paris, making the real estate sector relevant.
- Entertainment & Gambling – Groupe Partouche is known for its entertainment and gambling operations, and the acquired property will support these activities in Paris.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Groupe Partouche | Target/Buyer | Company | A leading French entertainment group specializing in casinos and gambling. |
| FREO Group Holding SARL | Selling Company | Company | A private equity firm involved in the sale of the property. |
| Veld Capital | Selling Company (Partner) | Company | Partnering with FREO Group in the sale of the building to Groupe Partouche. |