The founder of one of Sophia Antipolis' leading developers looks back on his involvement in Europe's leading technology park, which covers 1.5 million square meters or more than 16 million square feet, and takes stock of an area with strong potential for redevelopment.
Some analysts call artificial intelligence the fifth industrial revolution, others classify it as a technological disruption on a par with the invention of the printing press. Made accessible to the greatest number with the emergence of platforms such as ChatGPT, Copilot and Gemini, AI is advancing at breakneck speed and disrupting all sectors of the economy. To take advantage of its many promises, real estate players need to get in on the action today — or risk being left behind.
" Patrizia will celebrate its 40th anniversary in 2024," says Mahdi Mokrane, newly appointed Co-Head of Fund Management and Head of Real Estate Fund Management, who sees the period of multiple financial crises as a period of increasing separation of delegation between ownership and asset management, as well as the emergence of real asset classes in institutional portfolios.
"The situation is serious:" the French Federation of Property Developers (FPI) today once again warned of the critical situation in the construction sector and called on the new Prime Minister to "take immediate action."
France is increasingly attracting players in the data centre sector. Europe's cheapest and cleanest electricity is the main reason. This is a step towards sustainable data centres, a criterion that is becoming essential.
As head of a development firm with major projects underway across the United Kingdom and Germany, Basil Demeroutis rarely uses what he learned studying aerospace engineering at Cornell University. Instead, his hobby as a part-time farmer seems more applicable at times, when he works to incorporate sustainable elements and rooftop terraces with gardens in commercial properties he renovates.