The commercial property investment firm of Irish businessman Ronan McNamee has sold a complex of luxury retail stores in Beverly Hills for $400 million (€335.7 million). The Currency’s partner, The Wall Street Journal, revealed this week that the French high-end fashion group Hermès was the buyer in the landmark deal, which took place last summer. The WSJ described the purchase as the most expensive retail real-estate acquisition in Beverly Hills since at least the early 2000s. The property at 338 North Rodeo Drive is a 25,000 sq ft is currently occupied by Tom Ford, Moncler and Balenciaga stores under leases…
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