The lease runs for 80 years and URW has agreed to pay city hall €2m a year for its duration.
That’s €160,000,000 over the course of the lease: running a FV calculation on that means that even a 1% annual bump would boost that to €243,343,043.44…about 50% over the term. Does anyone think that Paris will decline in value over the next 80 years? A lot of money to leave on the table…