A new little paradise for billionaires will emerge on the very exclusive Iles Saint-Marguerite, opposite Cannes. photo credit: Shutterstock
The Grand Jardin, the only private property built in the heart of Île Sainte Marguerite, the larger of the two Lérins islands, off Cannes, is changing hands. The project of the buyers is to make it a little paradise for billionaires.
The Lerins Islands
It’s a little corner of paradise like there aren’t many on the Côte d’Azur! The Lerins Islands off Cannes, form a small archipelago made up of two large islands: to the north, Sainte-Marguerite, the largest, famous for its fort which is said to have housed the Man in the Iron Mask, and to the south, Saint -Honorat, smaller, known for its monastery. For more than 1600 years, this 40 hectare piece of land has preserved its monastic vocation. The only “real” inhabitants of the island are about twenty Cistercian monks. They keep Lérins Abbey alive by producing wines and liqueurs, their main activity since the Middle Ages, thanks to the eight hectares of vines that occupy the center of the island. They carry out all the stages of production themselves: harvest, vinification, aging, aging, bottling.
An island under high protection
The whole is very strictly protected. The Cannes town hall closely monitors any project concerning it. However, the Grand Jardin, the only private property built in the heart of Île Sainte Marguerite, has become the property of the luxury hotel group Ultima Capital SA. The existing property is made up of a vast green space called the King’s Garden where the Governor’s House, the House of Métayers and La Tour stand. The whole is protected by a surrounding wall built on the orders of Cardinal Richelieu. The set would have been built between the 12th and the 17th century and had only historical owners, from the monks of Lérins to the King of France, Louis the 14th, through the Duke of Guise or the Governor of Provence but also the mayor of Marseille, after the Revolution.
A luxury hotel in the pipeline
Ultima plans to restore the property to its “luster of yesteryear” and boost economic activity on the island by bringing the property into operation in the future. Once the renovation is complete, the entire property will offer a dozen bedrooms, plus the outbuildings, gardens and swimming pool. A boat, an open-air cinema and a treatment clinic will complete the range of services offered by Ultima Collection, which will be entrusted with the operation. In addition to an expected start-up in 2021, the property will host exceptional private events on the sidelines of the most iconic events on the Croisette such as the Cannes Film Festival and the Mipim.