According to a new report, Apple may be planning a new flagship store in Paris. The report comes from French Apple blog MacGeneration, citing a report from Le Figaro, which says that the new store will occupy a seven-story space at 114 Avenue des Champs-Élysées.

The report claims that Apple secured a 12-year lease for the building sometime in late 2015, with the monetary value of the deal coming in at around 12 million euros a year. Architectural firm Norman Foster, which also headed up Apple's Campus 2 design, is said to be taking on the design work for building renovations before the store's planned unveiling in either 2018 or 2019.

The new store would bring Apple's retail presence in France up to a total of 20 stores.

Sources: MacGeneration, Le Figaro; Via: Apple Insider