By  on February 20, 2014

PARIS — A French consortium said Thursday it has agreed to buy the Beaugrenelle shopping center in Paris for 700 million euros, or $964 million at current exchange, in what it is billing as the most expensive deal to date for a single commercial property in France.

The group is composed of Apsys, which operates the mall located near the Eiffel Tower; real estate investment firm Groupe Madar and Financière Saint James, the holding company of Michaël Benabou, cofounder of flash sale site Vente-Privée.

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