Blackstone has appointed Knight Frank to market a portfolio of Parisian apartments, as the private equity firm advances value creation from a €700m real estate acquisition, according to Bloomberg.

The apartments, which form part of the Centre d’Affaires Paris Trocadéro complex, are expected to generate more than €100m in a sales process set to launch later this year.

The asset was acquired from Union Investment in late 2025 and is located in the 16th district of Paris, one of the city’s most sought-after residential and commercial areas.

The disposal reflects Blackstone’s active asset management strategy, with the residential units representing a smaller component of the predominantly commercial property.

The move comes as real estate investors increasingly focus on unlocking value through selective sales, rather than relying solely on rental income in a higher interest rate environment.

The Paris luxury property market has shown signs of recovery, with transaction volumes rising 22% last year, supporting demand for high-quality assets.

However, political uncertainty in France has introduced some risks, with concerns that high-net-worth individuals could shift capital away from the market.

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