Unibail-Rodamco announces it has signed an agreement with the EPADESA (The Public Development Authority La Défense Seine Arche) for the development of an alternative project on the site of the Phare Tower in La Défense district (Paris region). A partnership has been entered into between the group and the EPADESA for the design of an ambitious 95,000 m² mixed program, with approx. 75,000 m² of offices and 20,000 m² dedicated to a hotel offer, including services accessible to the public.
This new project, culminating at 200 m, represents a total investment cost of circa €630 mln.
Source: Unibail-Rodamco
