MGM announces new ski property development
Leading French Alpine developer MGM, which has played a key role in the improvement of facilities and accommodation in Tignes since it arrived there in 1999, celebrates its tenth year in the ski resort with news of plans for another new residential property development.
Located alongside La Ferme du Val Claret, one of MGM’s most successful residences de tourisme to date, the firm is to build a new residence of 30 apartments.
Construction work will get underway in the new year and the residence will open for business at the end of 2011. Its name – Le Jhana – is a term which describes a meditative state of profound stillness
Richard Deans, sales consultant in MGM’s London office, says that the scheme continues the firm’s long-term commitment to replace ugly ’seventies-built accommodation blocks with comfortable contemporary homes of the type which twenty-first century purchasers demand.
MGM’s decision to build Le Jhana follows the success of five earlier schemes in Tignes. In addition to La Ferme du Val Claret, they include L’Ecrin de Neiges and the twin developments which flank the gateway to Tignes. They are Le Nevada, a residence de tourisme, and Les Suites du Nevada, a four-star hotel.
Meanwhile, about to open at Tignes Le Lac is a further residence de tourisme, Le Telemark.
Currently available for sale off-plan at Le Jhana are one-, two- and three-bedroom apartments with floor areas ranging from 42 sq m to 90 sq m. All the apartments come with underground car parking as well as secure cellar storage and ski lockers. Prices start at €260,000 excluding VAT at 19.6 per cent which is waived under the leaseback scheme.
Tignes, at an altitude of 2,100 metres, is one of Europe’s highest and most snow-sure ski resorts with direct access to the 300 km of slopes within the Espace Killy skiing area. The calibre of the slopes is underlined by the way the national ski team of France uses them to train for international competitions.
The proximity of Tignes to the Vanoise National Park makes it an ideal base for walking and hiking holidays during the summer months. Other popular summer activities in the French Alps include climbing, fishing and horse-riding, as well as paragliding, hot air ballooning and white water rafting.
Chambery Airport is less than two hours from Tignes by car and the airports at Lyon and Grenoble are two-and-a-half hours by road.
For full details of the properties available, visit mgm-constructeur.com.
