An exceptional property sold in Cannes in the Residence of the First Croisette

At the top of the future luxury residence of the First Croisette, a 650m² penthouse duplex penthouse sold for 70,000€ per square metre.

After the 50 million euros already reached by the sale of the Château de Soligny on the La Californie district, it is opposite the Palais de Festivals, on the Boulevard de la Croisette in Cannes that a new record sale has been achieved.

Situated in the heart of the new First Croisette program realized by the Finamas group, this duplex penthouse apartment is really exceptional and offers an outstanding comfort.

With a price of around 45 million euros, or 70,000 euros per square meter, this sumptuous penthouse has a duplex surface area of 650m², a 160m² terrace, a breathtaking private swimming pool as well as a panoramic view of the sea and the Palais des Festivals. It is thus considered one of the most important real estate sales of the French Riviera.

Initially seduced by the 300m² penthouse at 60,000 euros per square meter, the buyer, a businessman from Eastern European countries, finally changed his plans: he finally chose to acquire the two apartments on the 8th and top floor to transform these jewels into a prestigious duplex. The group that created the project, together with the builder Eiffage, redesigned the top floors and came up with new plans.

The Dolce and Gabbana brand will be located at the foot of this breathtaking residence on 3 floors and 1,300m²: a real additional asset for this unique program.

50% of the remaining 19 apartments have already been sold, most of them for rental investments. Ideally located, the apartments in this building could be rented out by production companies or large houses during the Film Festival.

Offering apartments ranging from 90 to 300 square meters, the First Croisette residence offers a luxury service as well as top-of-the-range amenities with spa, gym and 24-hour concierge service.

Currently under construction, the delivery of this unique complex is scheduled for the 4th quarter of 2020.

To learn more about the First Croisette, click here.