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Adia awards $224m Paris tower project contract

ABU DHABI, April 12, 2016

Abu Dhabi Investment Authority (Adia), one of the world's largest sovereign wealth funds, has awarded a €200-million ($224 million) contract to a subsidiary of Bouygues Construction for the construction of a 150-m-tall skyscraper in Paris, France.

As per the deal, Bouygues Bâtiment Ilede-France Construction Privée will build the Alto Tower at La Defense financial district in the French capital.

The contract also covers 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 urbanisation
of the La Défense ring road and will connect the Ancre neighbourhood in Courbevoie with La Défense
itself.

Designed by IF Architectes, the Alto Tower will provide 38 floors of high-class office space with a total floor space of 51,000 sq m. It will stand out from neighbouring towers thanks to its glass facade and to its bold architectural design, said a statement from Bouygues.

The skyscraper will feature an unusual flare shape: the surface area of each floor will range from 700 sq m at the foot of the tower to 1,500 sq m at the top, it stated.

On the project win, Bernard Mounier, CEO of Bouygues Bâtiment Ile-de-France, said: "The award of this contract, following 18 months of technical and engineering studies, repays the motivation and hard work of all the teams. By combining their range of skills, we were able to meet our customer’s expectations."

"We are very enthusiastic to have the chance to build a new skyscraper in the La Défense district," he stated.

Not only will Alto have an innovative outline, it will also be highly energy-efficient, with a double-skin
insulating facade. As a result, it will be awarded the green building standards of France (HQE Exceptional), and UK (Breeam Excellent) certifications.

The new tower will replace the Les Saisons office building, which leads into the Les Saisons sector.

The detailed preliminary design will be completed during 2016. Site works are due to get under way in September, and handover is scheduled for the first quarter of 2020.

Bouygues Construction has built numerous towers at La Défense (including Exaltis, Opus 12, Cœur
Défense, Total Tower and Areva Tower) and has been responsible for several large-scale
refurbishment projects, including those of the First Tower and, more recently, the Allianz One Tower.

It is currently carrying out a number of projects in Asia, including the MahaNakhon Tower, the tallest
skyscraper in Thailand, and the Eternia and Enigma condominiums in India, while in the Middle East it is engaged on the QP District real estate complex in Qatar.-TradeArabia News Service




Tags: abu dhabi | contract | Paris tower |

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