Tour Montparnasse renovation project abandoned after co-owner vote

Tour Montparnasse renovation project Paris skyscraper real estate dispute LFPI

The ambitious €800 million renovation project for the Tour Montparnasse in Paris has been halted following a vote by co-owners. During a general assembly, a resolution to initiate the first phase of work—including asbestos removal, clearing, and partial facade removal—was rejected by more than 76% of the co-owners.

This decision effectively stalls the long-term plan to transform the 209-meter skyscraper into a modern glass tower featuring terraced gardens, a hotel, shops, and a rooftop agricultural greenhouse. The rejection is particularly significant as the assembly was the final opportunity to begin work before the current building permit expires at the end of November.

The collapse of the project follows internal conflicts and rising costs. LFPI, the primary co-owner, had previously expressed opposition due to budget increases and disputes over surface area exchanges. Other major stakeholders, including MGEN and Axa, also joined the opposition. While the large-scale metamorphosis is currently abandoned, a new syndical council has been formed with the goal of reworking a renovation plan and submitting a new permit application.

Entities

AXA · LFPI · MGEN · Montparnasse Tower · Nouvelle AOM · Tour Montparnasse

Claims

What the coverage asserts, and how many sources carry each claim.

[● 3 SOURCES] The main co-owner, LFPI, opposed the project due to rising costs and internal tensions regarding surface exchanges. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] The ambitious renovation project had an estimated total cost of 800 million euros. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] Major co-owners MGEN and Axa joined LFPI in opposing the renovation project. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] The resolution to initiate renovation via asbestos removal and facade work was rejected by more than 76% of co-owners. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] The proposed alternative works would exclude the addition of an agricultural greenhouse and a hotel. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] The building permit for the renovation project is set to expire at the end of November. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr
[● 3 SOURCES] Co-owners of the Montparnasse Tower rejected the launch of the first phase of renovation works. www.republicain-lorrain.fr · www.vosgesmatin.fr · www.leprogres.fr