New apartments in ski village selling fast

Demand for MGM’s new eco-friendly ski apartments in the French Alps is so high that two thirds are sold a year before completion – and plans for more are to be announced soon

More than two-thirds of the 78 ski-in, ski-out apartments being built in the first phase of the new eco-friendly Kalinda Village development in the French Alpine resort Tignes 1800 have been sold off-plan a year before they are ready for occupation, reports the developer MGM French Properties.

“As this is the last development site in Tignes, demand has been consistently high and, for most early buyers, the value of their investment is rising significantly,” says Richard Deans in MGM’s London-based UK sales office.

He revealed that plans for phase two of Kalinda Village – which will be centred around a r�sidence de tourisme of 250 leaseback apartments – is to be launched during the current ski season, already underway thanks to early snowfalls in the Alps. Would-be buyers keen to see what the new apartments look like are invited to inspect a fully-furnished show apartment in MGM’s Le Telemark, a r�sidence de tourisme now open for business in Tignes Le Lac, a quiet residential area of the resort.

Kalinda Village hit the headlines last year when the MGM announced its plans for what has been described as a state-of-the-art example of sustainable development. The new eco-village, the biggest single ski property development of its type ever built in the French Alps, involves an investment of more than €150 million in the transformation of the old village of Tignes les Boisses into a modern ski centre re-named Tignes 1800.

In every apartment, low-cost under-floor heating will be supplied from an innovative new plant – the first of its type in the French Alps – run on a new bio-fuel. Wood waste is used to create the pellets fuelling a 4,000 kilowatt boiler which will supply heat to all the buildings in Tignes 1800. This cost-effective method conserves fossil fuels and has low carbon emissions.

The occupiers of many of MGM’s apartments will also enjoy panoramic views of the mountains – snow-capped throughout the year – and the Tarentaise Valley below Tignes 1800.

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Kalinda Village will incorporate a 28-bedroom hotel built by MGM and a Belambra Club offering winter sports activities for children aged between three months and 18 years. Other new facilities in the family-orientated village will include a tourist information centre, ten shops and a ski school. There will be a choice of bars and restaurants with frontages both on the village square and the piste. A conference centre will be located within the new hotel.

The MGM apartments will be finished externally in traditional stone and timber. They all come with underground parking, cellar storage, locker rooms, laundry and drying rooms. Four-star facilities in the r�sidence will include an indoor pool, fitness suite, gym, sauna, jacuzzi and steam rooms, as well as an OdesCimes spa with a variety of massages and treatments on offer.

Richard says that, when the new resort opens for business at the end of 2013, Tignes 1800 will, in effect, be a new gateway to all the established areas of the wider Tignes ski resort. Located on the doorstep of some of the best ski slopes in Europe, Tignes 1800 is only a ten-minute bus ride from the centre of the resort – Tignes Val Claret – and Val d’Isere, regarded as one of the top ski resorts in the world, is just five minutes away by road.

The nearest airport is at Chambery, two hours away by car. The airports at Geneva and Lyon are around two-and-a-half hours by road.

Current prices of apartments still available in phase one of Kalinda Village – which will be ready for occupation before Christmas 2013 – range from €196,000 for a one-bedroom apartment with a floor area of 54.5m2 to €550,000 for a four-bedroom duplex property. These prices exclude French VAT at 19.6 per cent which is waived under the leaseback scheme.

For more information about Kalinda Village and Tignes 1800 contact MGM at Kingsland House, 122 – 124 Regent Street, London W1B 5SA

0207 4940706

london@mgm-immobilier.fr

www.mgmfrenchproperties.com