Renault Factory to Reveal Art

Île Seguin, Paris -- An island on the Seine in the Parisian suburb of Boulogne-Billancourt which once hosted a Renault car factory, will be rehabilitated by a Swiss entrepreneur. Yves Bouvier, owner of art transport giant Natural Le Coultre, will transform the facility into a massive hi-tech art center.

Art collectors of Art Kabinett social media network will enjoy visiting this new art spot in Paris.

Art enclaves are opening up all over the Parisian outskirts: Gagosian opened in the northern suburb of Le Bourget in 2012; and Thaddaeus Ropac set up shop in a former heating system factory in Pantin, northeast of Paris.

More recently, Yvon Lambert's former director Olivier Belot announced that he was opening his own venture, in St. Ouen, near the famed north-end flea-markets.

Due to congestion in the capital, and to facilitate exhibition of massive-sized works worthy of a Russian dacha or petro-prince's palace, high-end art entrepreneurs are moving out of Paris center.

Upon the conclusion of a fierce legal battle, involving a number of environmental issues, the Île Seguin project was approved in September.

The ground breaking for the €150 million Jean Nouvel-designed art hub is due to start next summer. The building will be imaginatively named 'R4', after Renault's popular car.

The building will be located on an 8,450 square-meter patch of land. The R4 structure itself will comprise over 19,300 square meters, distributed over 8 levels and a rooftop.

It will include an exhibition hall, a sculpture park, a performing arts venue, offices, as well as spaces for auctioneers and private galleries, all in the planning stages. The building will also hold a facility for the storage of art.

R4 is part of a larger scheme set to turn the area between the Western suburbs of Issy-les-Moulineaux and Nanterre into a “Vallée de la culture" for Paris.

The plans are part of a new trend in the Parisian art market, which has finally grasped that new opportunities lay beyond the traditional chic hubs of Saint-Germain-des-Prés and the Marais.

Bouvier is himself a collector with experience of organizing fairs in Moscow and Salzburg. He is very attuned to the needs of European art professionals, including the ever-present need for storage space among Paris collectors.