In the French Pa­pers

French Property News - - News -

Le Fi­garo

An old cin­ema in Toulouse is be­ing trans­formed into a three-star ho­tel. The build­ing was a the­atre be­fore be­ing a cin­ema and saw stars such as Josephine Baker per­form on stage. It’s now in the hands of the suc­ces­sul Mama Shel­ter group, which opened hip restau­rants in Paris, Lyon, Bordeaux and Mar­seille. The ho­tel will have 120 rooms as well as a restau­rant, con­fer­ence room, a rooftop ter­race and even a small cin­ema, hon­our­ing the build­ing’s past.

Macron can have his sum­mer pool, it was de­cided. The Ar­chi­tectes des Bâ­ti­ments de France, in charge of main­tain­ing France’s ar­chi­tec­tural her­itage, gave the French Pres­i­dent the go ahead to build an above- ground swim­ming pool at the family’s prop­erty in Var, the Fort de Bréguançon. Con­struc­tion for the pool is es­ti­mated to cost €34,000, a sum which will be taken from the bud­get of the town of Bréguançon which op­po­nents crit­i­cised heav­ily.

Le Parisien

Ul­tra lux­ury vil­las on the French Riviera are sit­ting on the mar­ket wait­ing for new ul­tra rich, own­ers. Prices for these prop­er­ties are so high they are dif­fi­cult to com­pre­hend and some homes have been for sale for years, such as Pierre Cardin’s in­cred­i­ble Palais Bulles in Théoule-sur-mer on the mar­ket for...€350mil­lon. While the price tag is clearly out of reach for most, even among the wealth­i­est, it is all part of the game, one agent com­ments: “The own­ers think ‘why not’, if some­one does buy, it’s worth it.” One of the is­sues with these pala­tial Riviera vil­las is their lo­ca­tion on pro­tected stretches of the coast and the sheer size of their liv­ing ar­eas and gar­dens to main­tain.

Les Echos

The first of 18 con­crete cham­bers des­tined to pro­tect Monaco’s lat­est hous­ing project was de­liv­ered late July. These con­crete blocks will form a bar­rier to stop the sea from flooding a fu­ture eco-friendly off­shore neigh­bour­hood, which will ex­tend Monaco’s ur­ban foot­print out into the sea by six hectares. The im­mense project has been years in the mak­ing as it re­quired lengthy stud­ies on how to build on the wa­ter with­out dam­ag­ing the sea bed and the ma­rine en­vi­ron­ment of Monaco. The first res­i­dences should be de­liv­ered by 2022.

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