French billionaire Francois Pinault has announced he will create a new contemporary art museum in Paris with Tadao Ando as architect
Pinault, who owns one of the world’s largest private collections of contemporary art, described the project as “a dream come true” in a news conference with Paris Mayor Anne Hidalgo.
The museum will open by the end of 2018 in the former Bourse du Commerce (pictured) which is a former centre for trade, It is close to the Louvre museum and the newly-renovated Les Halles shopping complex.
The circular building from the 18th century, crowned by a dome, will be restored by renowned Japanese architect Ando.
Pinault, who made his fortune in the luxury goods industry, opened a museum in Venice’s Palazzo Grassi a decade ago.