Particle.news
Download on the App Store
3 ARTICLES
·
3h ago

AGRASC Opens Auction for Seized Carlton Palace in Marseille at €4.7 Million Start

AGRASC is running a controlled sale that prioritizes vetted plans over the top bid.

Marseille: un immense immeuble de plusieurs millions d’euros saisi par la justice vendu aux enchères
Le nom du futur acquéreur de cet ensemble immobilier de 1800 m2 sera connu d'ici le 31 décembre.

Overview

  • The state-run online auction went live Monday at midday on Agorastore with a starting price of €4.7 million.
  • Only visitors whose files were reviewed after on-site inspections can bid, and AGRASC may choose a buyer who best meets the sale conditions rather than the highest offer.
  • Bidding is scheduled to close Tuesday at 4 p.m. local time, with the deed signing planned for December 31, 2025.
  • The property spans roughly 1,750–1,800 m² on the Corniche Kennedy with sea views and requires substantial finishing work.
  • The building was confiscated in the Marseille arm of the carbon‑quota VAT fraud case, and reporting cites market value estimates near €23 million despite its neglected state.