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Tue 12 Apr 2016 01:54 PM

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Abu Dhabi's SWF inks $229m deal to build Paris skyscraper

Abu Dhabi Investment Authority hires construction firm Bouygues to build Alto Tower at La Défense

Abu Dhabi's SWF inks $229m deal to build Paris skyscraper

French construction firm Bouygues on Tuesday said it has won a €200 million ($229 million) contract from Abu Dhabi Investment Authority (ADIA), to build a skyscraper in Paris’ largest business district.

The company said in a statement that it has been hired by the sovereign wealth fund to build the Alto Tower at La Défense.

The works will be carried out by Bouygues Bâtiment Ilede-France Construction Privée, the statement said.

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.”

Designed by IF Architectes, the Alto Tower, which will be 150 metres tall, will provide 38 floors of office space with total floor space of 51,000 sq m.

It will stand out from neighbouring towers thanks to its glassscale facade and to its bold architectural design. It 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.

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 urbanisation of the La Défense ring road and will connect the Ancre neighbourhood in Courbevoie with La Défense itself. 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, the statement said. 

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.

The company 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. 

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