Ski resort set for face lift

An Alpine ski resort is undertaking massive regeneration with the construction of two new districts...

Avoriaz, which has the highest average snowfall in France at resort level, leads skiers straight to the famous Swiss Wall ski run.

Pierre & Vacances Group is undertaking the massive regeneration of the Alpine ski resort, giving investors the chance to purchase new-build property in the resort for the first time in 40 years.

Two entire districts will be built, and 460 ski-in ski-out apartments created, designed to meet the current shortfall of quality accommodation in the resort, which attracts large numbers of visitors each year.

Avoriaz is the closest ski resort to Geneva and is completely south-facing, allowing unrivalled sunset views over the Morzine valley.

The new residences will be built in two new districts of Avoriaz: Amara, at the entrance of the resort, and Crozats, at the top. A wide range of properties will be constructed to cater to different types of investor, including Avoriaz's first luxury accommodation under the MGM brand.

The rejuvenation of Avoriaz will be complemented by the construction of a new water fun Centre, known as the ‘Aquariaz'.

Nick Leach, Head of Business Development for the Pierre & Vacances Group, said: "P&V created the ski station at Avoriaz in 1967 and has been managing investment property in the resort for individuals and institutions ever since.

"Now 40 years later, these new-build developments herald the start of a new era of luxury mountain living with modern alpine interiors, larger living spaces and spa facilities. Much of the infrastructure and facilities at the resort are also being upgraded, with the aim of cementing Avoriaz's place as a premier year-round destination."

The Amara project is scheduled for delivery in 2011.

Source: About Property