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Tour Montparnasse Renovation Halted Amid Co-owner Disagreements

Plans to renovate Paris's Tour Montparnasse have been halted after co-owners voted against the project, primarily due to clashes over plans and a significantly increased estimated price.

  • The renovation of Tour Montparnasse was halted this week due to disagreements among its private co-owners.
  • The estimated project cost more than doubled to €800m (£688m), alongside a significant asbestos removal operation.
  • More than three quarters of the co-owners voted against the project, which was the last chance to launch before the building permit expires in November.

The long-awaited renovation of Paris's Tour Montparnasse has been halted this week following disagreements among its numerous private co-owners. The decision came after a vote where more than three quarters of co-owners opposed the project, citing clashes over plans and pricing.

The estimated cost for the renovation, which included a significant asbestos removal operation, had more than doubled to €800m (£688m). Architects had planned a complete refit of the 210-metre structure, proposing a new glass exterior, added vegetation, a garden terrace, and an agricultural greenhouse at the top.

This vote represented the final opportunity to launch the project before its building permit expires at the end of November. Concerns have now been raised that the building, which has been emptied and closed for renovation, could remain deserted. Philippe Goujon, mayor of Paris's 15th district, expressed that he "cannot accept seeing a project that took 10 years to develop thrown away."

Four co-owners who still support a renovation, including Xavier Niel, have called for a meeting with all co-owners, financial partners, and public authorities to explore alternative solutions. Some co-owners are hopeful that a new, scaled-down project might be agreed upon.

Why this matters: The halt of the Tour Montparnasse renovation leaves the prominent Parisian skyscraper, which has been emptied and closed, facing an uncertain future, with its building permit set to expire soon.

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