Paris city council voted against plans by Franco-Dutch REIT Unibail-Rodamco on Monday to build an office skyscaper on the southwestern outskirts of the French capital.

Paris city council voted against plans by Franco-Dutch REIT Unibail-Rodamco on Monday to build an office skyscaper on the southwestern outskirts of the French capital.

Unibail-Rodamco planned to invest around €500 mln in the Tour Triangle project, which was to be built in the Porte de Versailles neighbourhood, with completion due in 2018.

Comprising some 85,000 m2 of office space, the 180-metre building would have been one of the biggest office projects in Paris, which is seeing a surge of investment interest this year international investors.

The building was designed by Basel-based architects Herzog & de Meuron, who were behind the conversion of London’s Bankside Power Station into the Tate Modern art museum and Beijing’s Bird’s Nest National Stadium for the 2008 Olympics.

Tour Triangle was initially approved by the city authorities in 2011 following a decision to allow the construction of large tower blocks in Paris.