Aberdeen Property Investors has bought two high street shops in Paris for its Aberdeen European Balanced Property Fund.
The properties, on Avenue Montaigne, are close to the Champs-Elysées.
Aberdeen said the seller was a private owner.
Nico Tates, fund manager for Aberdeen European Balanced Property Fund, said: “The assets fit into the core investment strategy of the fund, strengthening the fund’s presence in the French retail market.
“It was a rare opportunity to buy prime high street retail units at an attractive yield level and with upward potential, combining both cash returns and long term capital growth.”
The Aberdeen European Balanced Property Fund has assets under management of €264m (£234m) in Finland, France, Belgium and the Netherlands.
Aberdeen was advised by L’Etoile Properties, the notary Etude Allez et Associes, the brokers Jones Lang Lasalle and BG².
