SFL delivered the premises of the future Fondation Cartier pour l'art contemporain, representing nearly 16,000 sq.m. of retail space in its Louvre Saint-Honoré property complex. Cartier (part of the Richemont group) will take up the premises as part of a turnkey lease signed in 2018. Kicked off in 2014, the redevelopment is one of SFL?s largest of the last 20 years, and the most significant commercial project under way in central Paris.

The turnkey lease, which was subject to conditions precedent, was signed in 2018 for a non cancellable period of 20 years with a 20-year extension option. SFL selected Petit ? a subsidiary of Vinci Construction France ?

to lead this unique redevelopment project within SFL's Louvre Saint-Honoré (Palais Royal) property complex while ensuring that the Louvre des Entreprises offices remain open during the work. Ateliers Jean Nouvel (AJN) is the prime contractor acting on behalf of Cartier and SFL. The property's repositioning also involves upgrades to all office entrances by AJN, as well as the addition of a premium services space (featuring a cafeteria and shared meeting rooms) and a new catering area bathed in natural light, designed by Ana Moussinet.