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Owners of property in Cannes Banane will be delighted to hear that the Film Festival palace is receiving some heavy investment! The iconic establishment will be getting a makeover during the next three years with a budget of 22.7 million Euros. The president of the Palais, David Lisnard believes that the new image will cement the Palais’ reputation as a world class venue. He also feels that it is important to continue improving the building, whilst ensuring it remains a safe and dynamic location.

The prestigious home of the Cannes Film Festival will undergo a huge transformation, with an expansion and modernization of the Grand Auditorium Louis Lumière, as well as replacing its 2300 seats, and a complete upgrade of all 9 auditoriums.

 

 

The Palais has been the host of the Cannes Film Festival for over 30 years now and plays a huge role in helping the economy of the Cote d’Azur. With profits of around 34 million Euros last year, the Palais has been able to create more than 17000 jobs for local people.

If you a looking to buy a property in Cannes, Cannes Banane is without a doubt the best place if you are looking for good rental income. Congress attendees need to be within walking distance of the Palais so the closer you are to it the better. For more information on renting your property in Cannes, click here.

The best rentals company in Cannes for holiday and Congress rentals is www.Everythingcannes.com and they will be able to ensure you the best rental for your Cannes property. Have a look here at our Cannes Banane properties.