PARIS | Full Summary of Projects

[The Best Forumer]

ah yes... brexit... I guess it is good for paris and france.

[mousquet]

^ Meh, I'm quite skeptical about statements of that kind on the long run anyway.
The UK's been a good customer to a number of French corporations, like those manufacturing luxury goods for instance.
If the British really went worse off, I fear France's trade balance would only turn even worse than it already is.
It's been dangerously negative to Germany.

Those ancient rivalries between European nations may still be funny and entertaining, they're only outdated today, because our economies are so interdependent.

The problem of new businesses in France is not so much foreign competition, but funding.
I think the French financial establishment is often somewhat reluctant when it comes to granting loans to small businesses. That's definitely our main problem here, and London has nothing to do with it.
The French banking sector just needs to remember we have a great tradition for entrepreneurship here, and good ideas too, so they can afford to take more risks.
Sure they would sometimes lose some of their money. Some projects fail sometimes.
But overall, they would make more wealth without a doubt.

[LondonParis]

Found this article dating back from March but quite interesting. More good news for Paris and France in general.

Paris is set to become the new international law capital

Mathilde Aubinaud
Forbes.fr
March 14th 2018

https://www.forbes.fr/business/brexi...international/

(translated from French)


https://structurae.info/photos/15817...commerce-paris

"If everyone sees in Brexit an opportunity to make Paris the new financial center, it is rarely mentioned that the exit of Britain from the European Union should allow to give back to Paris an important place for legal issues, sector that weighs in France more than 31 billion euros according to a recent study of the French association of corporate lawyers. Back on these changes that should give a central place to the country that gave birth to the Civil Code."

[...]

"If the London courts have seized this opportunity for a long time and that London currently holds an important place for the resolution of international disputes, Brexit will change this situation, "said Jean-Michel Branche, a lawyer at the Paris Bar. "After Brexit, decisions made by the UK courts will no longer be directly applicable in the other EU Member States because they will be subject to an exequatur procedure. In other words, going through the London Law Courts, decisions will be implemented less quickly and at a much higher cost."

[LondonParis]

Another article back from March. Can't believe I missed these....

US investment bank Morgan Stanley plans to increase its workforce in Paris.

Anne Drif
LesEchos.fr
March 22nd 2018

https://www.lesechos.fr/finance-marc...is-2163293.php

(translated from French)


http://www.scmp.com/business/banking...banks-mainland

"In view of Brexit, the US investment bank plans to increase its workforce by 80 people in Paris. With the announcements of JP Morgan, Goldman Sachs, Citi and Bank of America, these arrivals will further increase competition in the market."

[...]

"Morgan Stanley is ready to strengthen its workforce in Paris. And this in important proportions. According to our information, about 80 additional posts could be transferred or created in the capital. The US bank led by James Gorman would follow the footsteps of Goldman Sachs, Bank of America Merrill Lynch, CitiBank and JP Morgan all touting Paris and France since the election of Emmanuel Macron."

[mousquet]

€32M student-housing building close to completion in la Défense, by Vincent on SSC.





€820 a month for a tiny 16 m² (172 ft²) studio in there; way too much for most local students who're completely broke by definition.

People are right to be complaining about that, but I would say patience.
This type of projects is very good to upgrade local standards.

Needless to say, for now, only those whose parents can afford to pay €800+ per month to lease a studio as narrow as a cupboard will be in there.
The very local environment is nonetheless stimulating for students. It's all about business...
Some would say it might just be a bit too much of barbaric capitalism, but they won't let themselves go brainwashed anyway.
There's always something rebellious on young students' minds, right?

All in all, I'm happy about this. Just hoping the next similar projects will be more affordable, as a result of competition between developers.

[mousquet]

French chain Big Mamma specialized in Italian food opens the largest restaurant in Paris.
4500 m2, ~48500 sq ft, gigantic for real!
Inside the "world's largest startup incubator", Station F.


https://twitter.com/joinstationf/sta...30199408611328


https://twitter.com/alcmeon_answers/...24321744715776



Check on their meals to this link: https://medium.com/@streetyfood75/re...0-c9271d8e5b68
Italian food, of course.
But also seemingly decent hamburgers. No horse meat, huh. Lol, the burger they show is just named after "œuf à cheval" (an egg riding it), in case you'd like some eggs with your hamburger.
Very good pastries, they say...
It seems quite alright.








https://twitter.com/clevyio/status/997502184806932480

It sort of reminds me of a canteen of an elementary or middle school, except there might be a load of alcohol at their bar. It looks fun.
But then my favorite touch in there is those old rail cars. That's a real nice hipster setting.

Thx to Cochise to let us know it's open. Definitely a must-see. It'd be so large.

[colemonkee]

^ The cat table cloth is a nice touch. Clearly they're having a bit of fun there and not taking themselves too seriously.

[The Best Forumer]

ooh.... very nice!!! I like it.

[mousquet]

I suppose the Canadian citizens on here should be informed about this, since it's their government and their taxpayer money.
They have a new embassy.
8366 m2 (90k sq ft) located 130, rue du Faubourg Saint-Honoré in the 8th arrondissment.







http://www.viguier.com/fr/projet/99/...urel-du-canada

The building is from the late Haussmannian era (some time by the late 19th century).
Apparently nicely refurbished as seen on these pictures.

The Canadians now have the US, the official mansion of Japan's ambassador, the UK and the Élysée Palace (the French prez and his closest advisors and services) as neighbors now.
All in a walking distance in that same street.

Beside the main services of the embassy, the building also hosts a Canadian culture center.
This whole thing was open a month ago.

Ôôô Canada,
Our home and native land!
True patriot love in all of us command.
...
Hahaha.

[10023]

I went to Ober Mamma in Paris recently. Their pizza place (I think near Sentier metro) is good too.

A burger “au cheval” (with an egg riding on it) is a fairly well-known thing. There’s even a fancy diner in Chicago by that name.

[LondonParis]

Wells Fargo eyes Paris and Dublin as post-Brexit hubs


Third largest US bank set to shift some operations away from London

Laura Noonan, Alistair Gray, David Keohane

The Irish Times

Sun, Jun 3, 2018, 18:39

https://www.irishtimes.com/business/...hubs-1.3518309

Wells Fargo is eyeing a plan to use both Paris and Dublin as its post-Brexit hubs in Europe, becoming the latest global bank to prepare to shift some operations from London.

The bank’s European business that could no longer be done in the UK after the country leaves the EU would be conducted in both the French and Irish capitals, according to people familiar with the matter.



(Article translated from French to English)

Bank Of America will transfer 400 jobs to Paris in view of Brexit

Pamela Barbaglia

June 7, 2018, 20:36

https://investir.lesechos.fr/actions...es-1770490.php

A first wave of departures from the British capital will be launched in early 2019 and will involve about 400 positions in the US bank's markets, trading, sales and bond assets teams, sources told Reuters.


Tom Montag, deputy chief executive of Bank of America, said in November that about 200 people from the sales and trading teams would be transferred to the European Union, particularly in Paris.

The number has since increased and the institution now wants to allocate each post in Paris sources said.

[mousquet]

^ We locals only need to go real real fluent in English.
And even in oral English, huh.
Then we catch and keep them all here.

In my experience, teachers don't encourage their students to express themselves enough orally in English class, then we still feel a bit too embarrassed and shy at speaking it.
It's not the same story as writing comments on these social networks, that's much easier than the oral language spoiled by our bloody accent and all.

[LondonParis]

'Merci Brexit': Paris overtakes London as 'most attractive European capital'

The Local

11 June 2018
12:21 CEST+02:00

https://www.thelocal.fr/20180611/par...brexit-worries

Paris is more attractive for foreign investors than London for the first time in more than a decade, according to a new report, which points the finger at Brexit as one of the main causes for the shift.

[…]

"The European foreign investment map is changing," reads the report.

[…]

"The UK is feeling the effects of Brexit. It remains the top destination for FDI in 2017, attracting 1,205 projects. That was only 6% more than it attracted in 2016, a slowdown after very strong growth in earlier year," the report said.

[…]

EY's Marc Lhermitte said: "The progression is spectacular. We are witnessing a real tightening of the leading pack, with France catching up to Germany and the United Kingdom at high speed."

And the main reasons for France's success: the election of Emmanuel Macron and the impact of Brexit in the UK.

[…]

[chjbolton]

We'll see how long that lasts...
If 10 Downing street stops mucking about with the negotiations and finally pulls out properly with a decent trade deal, London will come back; although it'll take a few years surely.
France will never stop their high-tax and red tape BS; they're only filling up a momentary vacuum. But take what comes while you can!

[mousquet]

@LondonParis This is what we get for this boring, everlasting London vs Paris thing...
Their creepy trolls calling us forever losers.

What did you expect? You had it coming, mister.

[LondonParis]

New neighborhood currently U/C in the 13th Arrondissement (east Paris)













http://www.pss-archi.eu/forum/viewtopic.php?id=48&p=67

[JManc]

I'll be in Paris in a few weeks and look forward to checking out the development over at La Défense.

[mousquet]

The latest post isn't La Défense at all, though.
It's Paris-Rive-Gauche, some late development over the 13th arrondissement, that replaced some brownfields.
That's pretty much located to the opposite side of the hyper-centre.
La Défense is west side, Rive Gauche is southeast.

Here's the location.

https://goo.gl/maps/Hhiu39ViZnS2

They've been covering the railways to the Austerlitz station to build the recent buildings and new alleys.
It's a massive site with a ton of civil engineering deployed over the spot.

A good chunk of the new neighborhood was built yet. Nothing much touristy yet, and locals like it. It is friendly in a contemporary way.

If you have some time, you may spend a couple of hours over there and see for yourself. That wouldn't be wasting your stay.
Of course you get easy access to it by the transit network, cause this is still the inner city.
It was developed around a main axis called "avenue de France".
You'll find it if you have time to go there. I wouldn't call it an absolute priority for tourists yet, especially if you don't really know the city yet.
But it's an interesting side of new development over the metro area.

[LondonParis]

TP ICAP names Paris as post-Brexit EU headquarters


Hannah Murphy
Financial Times
August 7, 2018

Source: https://www.ft.com/content/a507d1ee-...2-5946bae86e6d

The London-based group, which has more than 3,000 voice brokers who negotiate deals over the phone, said on Tuesday that it had chosen Paris as its EU headquarters “from where its European-based business will be managed and run after 29 March 2019”.
...
Nicolas Breteau, who took over as chief executive last month after the company fired his predecessor, said on a call with reporters that the company did not plan to “move many jobs out of London”. The group had also spoken to regulators in Frankfurt and Amsterdam before making the decision, he said.
...
TP ICAP also said it expected that Amsterdam would be chosen as the base for iSwap, its fixed-income trading venue. The Dutch city has emerged as the biggest beneficiary of London-based trading venues, attracting Bloomberg, Nex, MarketAxess and Tradeweb.

Last month Cboe Europe, Europe’s largest stock exchange by the value of shares traded, also submitted an application with Dutch regulators to establish an entity in the city.

[mousquet]

Link goes to nowhere here.

Bah, I sense some tax dumping matter as usual anyway. The Netherlands is like Ireland, right? Much of a tax haven for businesses.

Let actual skills rule competition, the story wouldn't be the same at all.

Fed up with this French state and all their costly bureaucracy as well.
The French taxpayers pay to have their lives more complicated these days.
It's been completely insane, driving away many foreign talents who'd yet like to live here in France.

It's no secret, we just obviously need an EU-level regulator to stop this destructive tax competition and all that load of bureaucratic stupidity.