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Côte d'Azur : Commercial Real Estate Investor's Guide

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Côte d'Azur : Commercial Real Estate Investor's Guide

In 2014, the Nice-Cannes-Saint-Tropez hub became Europe’s 2nd largest air hub for business aviation after Le Bourget. It is also the 2nd international airport in France. The region is constantly improving its air, sea and land infrastructures, along with the facilities, networks and telecom systems that support economic and technological development.

The “French Sun Belt” is highly appealing to talents and offers companies a pool of qualified, multilingual human resources. With a service sector that employs 84 % of the workforce, the Côte d’Azur hosts the 3rd biggest concentration of executives in France and a large international community with 100,000 residents of 160 nationalities.

The Côte d’Azur is home to 1,800 foreign-owned establishments employing 30,000 people. Every year, in excess of 120 foreign investors choose to set up in the Côte d’Azur, especially when developing service activities and R&D centers.

The Côte d’Azur has established itself as one of Europe’s leading regions in the field of Information Technology – a sector boasting a 7 % annual growth rate. This high-tech profile facilitates innovation in new areas such as smart cities, cleantech, e-health, m-tourism, and attracts French entrepreneurs and foreign investors alike. The combined assets of Sophia Antipolis, a long-standing global benchmark science park, and Nice Éco-Vallée, a new area dedicated to the cleantech industry and services, shape a vibrant, efficient and highly connected center of innovation and entrepreneurship.

Source : Ernst & Young

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Mots-clés : Ernst & Young