Bouygues Batiment Ile-de-France has won a contract worth over EUR 300 mln to renovate the CB31 tower in Paris' La Defense business district. The contract was awarded by a syndicate of French insurance group Axa, Boston-based real estate investment firm Beacon Capital and French developer Cogedim.

Bouygues Batiment Ile-de-France has won a contract worth over EUR 300 mln to renovate the CB31 tower in Paris' La Defense business district. The contract was awarded by a syndicate of French insurance group Axa, Boston-based real estate investment firm Beacon Capital and French developer Cogedim.

The Paris region unit of Bouygues Construction said the 155-metres high 40 storey building will be raised 10 storeys to reach a total height of 218 metres, which will make it the highest structure in La Defense.

The renovation works is expected to increase office floor space by nearly 10 % to some 87,000 m2. The company said that construction works, involving up to 1,000 people, are expected to last three years.