Deals

VINCI named preferred bidder for Nice Stadium

The developer is leading a consortium which has been awarded a 30-year public-private partnership contract to design, finance, construct, operate and maintain a new sports stadium in the French city of Nice. The project also encompasses a sports museum and real estate programme.

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The city of Nice in south-east France has awarded a 30-year public-private partnership (PPP) contract to the Nice Eco Stadium consortium, led by VINCI Concessions and including Caisse des Dépôts et Consignations and fund manager South Europe Infrastructure Equity Finance (SEIEF).

The contract involves the design, finance, construction, operation and maintenance of the 35,000-seat Olympic Nice stadium. The stadium will be a multi-sports venue that will host shows and events and be the first landmark structure of the Nice Eco Valley scheme, a major sustainable development project in the French Riviera.

The PPP also involves the relocation to the new stadium of the French National Sports Museum, which is currently located in Paris. It will also entail the development and commercialisation of a real estate programme with a net floor area of nearly 29,000 square metres that will be managed by VINCI Immobilier.

The stadium will be designed and built by a consortium comprising VINCI Construction France – via local subsidiaries Dumez Côte d’Azur, GTM TP Côte d’Azur, TRIVERIO Construction and Campenon Bernard Sud Est – and Nice-based companies including Garelli.

VINCI has been involved in prior French stadium projects, having operated a concession contract for Paris’s Stade de France since 1998 and been concession holder since 2008 for MMArena in Le Mans.    

 

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