Offshore Urban Extension – The State Meets Larvotto Traders

 April 18, 2018

In the approach to the summer season, Government Ministers Marie-Pierre Gramaglia and Jean Castellini met with traders from the Larvotto beach resort area to discuss various issues that concern them. Various questions arose at this meeting, in particular with regard to work on the offshore urban extension project, the monitoring of bathing water and future […]

The country running out of space for its millionaires

 February 08, 2018

“What do you do when you’re the ruler of a country that runs out of space for its super rich?” – BBC journalist Katie Beck answers this question for you. Imagine a pint-sized country – less than a square mile in size (2 square kilometres) – with sun-drenched, quiet streets, no dog poo and no income […]

Monaco’s $2.3bn project to expand into Mediterranean Sea

 January 07, 2018

An amazing reportage was published by Katy Scott at CNN regarding the real-estate developments in the Principality of Monaco. Monaco may be the second smallest country in the world, but it is also one of the richest. Almost a third of its residents are millionaires, lured to the French Riviera city state by its lenient fiscal policy […]

Making space for the millionaires: Monaco’s £1.5billion plan to reclaim 15 acres of land from the Med so thousands can move to the tax haven in the next decade

 November 27, 2017

As the Living in Monaco book and Monaco Wealth Management previously reported, the Principality of Monaco is planning to reclaim 15 acres of land from the sea so that thousands more millionaires can move to the tax haven. The £1.5billion project will provide luxury apartments at a time where the housing demand in the principality […]

Shortage of New Homes Sends Monaco’s Luxury Prices Soaring

 November 15, 2017

A new report finds them clocking in at €53,000 per square meter. Luxury residential real estate values in Monaco reached €53,000 (US$61,832) per square meter in the second quarter of 2017, according to a new report by Knight Frank. The tiny, independent region on the French Riviera has led Knight Frank’s annual global comparison of […]

Testimonio II – A project for the future

 November 09, 2017

After delivering Tour Odéon, Groupe Marzocco is launching a new large-scale project: Testimonio II. On the last remaining large-scale building plot in the Principality, stretching gently down from Boulevard d’Italie to Avenue Princesse-Grace, Testimonio II will be a mix of apartments, parking, a kindergarten, and a school. It is both a new challenge for the […]

Offshore urban extension project: dredging and removal of unpolluted sediment

 October 24, 2017

The offshore urban extension project in Portier cove is now entering a new phase with the dredging of unpolluted marine sediment within the project area. This will then be submerged off the coast of Monaco, in an area selected for the purpose. For several days, the Francis Beaufort, a 140-metre-long dredger, has been sucking up […]

Anse du Portier – The real-estate future of Monaco

 September 27, 2017

This summer we started an article series on the exceptional real-estate market of the Principality of Monaco. The small Sovereign state has a unique landscape however not so many people knows that it will change dramatically in the upcoming years. Together with Monte-Carlo Estates director Gianluca De Lucia we decided to dive into the  future […]

Underwater works begin

 October 19, 2016

Land reclamation has long been a hot topic in Monaco, but after a decade of plans and negotiations, the latest extension has finally begun. Underwater research and studies into the effect the proposed 60,000 m² could have on Monaco’s delicate marine life have officially been launched and a provisional deadline of 2025 has been set […]

Concession agreement signed for Portier Cover land reclamation project

 July 30, 2015

This morning, the concession agreement was signed between H.E. the Minister of State and Mr Gérard Brianti, CEO of Anse du Portier, for the Portier Cove land reclamation project. The project was then presented to the media. The land reclamation project will create an area of six hectares, enabling the construction of an eco-district comprising […]


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