Andora Mare fund, managed by Blue SGR, received a building permit from the Municipality of Andora for the former Ariston site. The permit enables a major coastal redevelopment that could stimulate local construction activity and affect property values in the area. Andora Mare fund (Blue SGR), Municipality of Andora, and the former Ariston property owners. Preparation of construction tender documents and commencement of site works within the next few months. The Andora Mare fund, managed by Blue SGR, has obtained from the Municipality of Andora a building permit for the former Ariston area. This clears the way for a redevelopment project on the Ligurian coast that had been pending for some time. The permit marks a concrete step toward turning the site into a new real estate initiative, though details of the planned works have not been disclosed. Likely next events: Construction tender expected within months Potential increase in local employment Possible rise in property values in Andora coastal zone Sectors affected: Real estate development Construction Coastal tourism Regulatory implications: None identified beyond standard municipal permitting Historical parallels: 2026-07-03 Ariston intervention plan for 500 million euro expansion
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