Compagnie des Alpes, a subsidiary of Caisse des Dépôts, will provide its expertise in operational management, attraction design, ticket office operation and marketing to tour operators and works councils.
The 18 hectares of nature of the Jardin d’acclimatation are to be redesigned and 17 new rides will be built, bringing the total to 40. As such, €33mn will be allocated to enhancing the landscape and €27mn to renovating the existing rides and building new ones.
In September 2016, the City of Paris, which owns the site, renewed the concession to operate of the group, 80% of which is owned by LVMH and 20% by CDA, for 25 years.
The park will remain open while the works are being carried out, although certain areas will be temporarily inaccessible during this time. "We are keeping everything that you love, and we are inventing everything that you will love," promises the Jardin d’acclimatation.
The Jardin d’acclimatation was created in 1860 under Napoleon III at the edge of the Bois de Boulogne.
* The goal is to reach 3 million visitors by 2025.