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Transactions - SEPTEMBER 3, 2019

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Bouygues to build €258m eco-neighborhood near Paris

by Andrea Zander

French contractor Bouygues has won a €258 million ($283 million) deal to build an eco-neighborhood in Issy-les-Moulineaux, southwest of Paris.

Two of its subsidiaries, Bouygues Energies and Bouygues Services, will work on the 100,000-square-meter (1.1 million-square-foot) Issy Cœur de Ville, which aims to “reshape urban living.”

Alain Taravella, CEO and founder of Altarea Cogedim, said: “Our ambition was to develop a genuine urban project that meets the social challenges and reflects the current transitions that the town of Issy-les-Moulineaux and its residents are experiencing. More than a new neighborhood, what we are creating here is a vibrant and attractive living space, a place where urban and human life is lived.”

Bouygues is working for French developer Altarea Cogedim.

The neighborhood will contain a retirement home, a school complex, a day-care center, a community hall, 17,000 square meters (183,000 square feet) of shops, restaurants a

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