This is one of the largest real estate transactions in Cannes. Built in 1928 on a one-hectare plot of land with breathtaking sea views, this villa with 12 suites, 3 swimming pools and spas was acquired, according to Bloomberg, by LVMH for €46.5 million, excluding old and new furniture. The property will be used for group company events and exhibitions as well as high-end rentals during the summer months.
The sale of Villa Bagatelle in Cannes will go down as one of the most important real estate transactions in the Festival City. It was carried out by the Cannes real estate agency Magrey & Sons who gave neither the amount nor the buyer but who assured that this “luxury escape on the French Riviera” East “now available for rental”. More details were reported yesterday by Bloomberg in an article published on the website of Fashion Network : according to this source, the transaction took place last April at French luxury group LVMH for €46.5 million, excluding furniture and costs (i.e. almost €50 million). (Photo DR: Villa Bagatelle).
“LVMH will use the 12-room property to host exclusive exhibitions and events for its companies, including Louis Vuitton, Christian Dior and Moët & Chandon.”note fashionnetwork.comaccording to information he collected but which has not been made official. The group also plans to rent the villa during the summer months. This is the offer presented by the Cannes agency: “now available for rental exclusively by Magrey & Sons, Villa Bagatelle has established itself as the essential place for high-end rentals on the Côte d’Azur…”
Villa Bagatelle is thus widely presented on the agency’s website. “Built in 1928, this residence perfectly reflects the spirit of the Riviera with its Art Deco style, integrating harmoniously into its natural environment and retaining a timeless beauty. Nestled in the heart of a sumptuous one-hectare landscaped park, this residence enjoys a breathtaking panoramic view extending over more than 200 degrees.”.
The set, it is added, includes 12 suites dedicated to guests and family, with a master suite of approximately 190 m² which offers a private terrace with a breathtaking sea view. The property, it is stated, has been carefully decorated with exclusive works of art and furniture. It has a separate staff annex, providing accommodation for up to 11 people, as well as a garage for up to 8 vehicles. In addition to the “sumptuous setting” there is a multitude of spaces dedicated to relaxation and well-being. Among them, three swimming pools, including one indoor, as well as “peaceful garden terraces and sophisticated spa facilities, creating a luxurious and serene living experience at every corner of the property”. For the rental price, contact Magrey & Sons Cannes…
Photo DR: Villa Bagatelle at night.
