Brookfield and Aroxys to Invest €200 Million in Redeveloping BHV Marais Building into Mixed-Use Space
📈 May 19, 2026, Paris: Aroxys, founded in 2024 by Ara Adjennian, leads a €200 million redevelopment of the Rue de Rivoli building, 90% owned by Brookfield. The €300 million acquisition from Galeries Lafayette will transform 60% of the building into retail and hotel space over four years. Shein's presence has depleted BHV Marais' departments, leaving 30,000 square meters unoccupied. Brookfield targets international clientele, while staffing reductions are anticipated.
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