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Transactions - APRIL 13, 2016

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ADIA selects developer to build €200m Paris skyscraper

by Andrea Waitrovich

Abu Dhabi Investment Authority has hired Linkcity Ile-de-France, the property development arm of Bouygues Bâtiment Ile-de-France, a subsidiary of Bouygues Construction, to develop the €200 million ($226 million) Tour Alto skyscraper in the Paris business district of La Défense. 

The new 38-story tower will replace the Les Saisons office building  and will total more than 548,959 square feet. The glass-scale façade skyscraper will feature an unusual flare shape: the surface area of each floor will range from 7,534 square feet at the foot of the tower to 16,146 square feet at the top.

The project also includes the construction of a car park, shops and a vast square developed with EPADESA, the development authority responsible for La Défense. It will form part of the urbanization of the La Défense ring road and will connect the Ancre neighborhood in Courbevoie with La Défense itself.

The detailed pr

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