On offer are just 15 apartments, aimed at the long-term corporate letting market.

"This whole area along the Seine has been re-zoned into a business and residential area, which is part of a 20year rejuvenation programme of Paris which was started by the government back in 1989.

Paris is the number one conference city in Europe, so there is huge demand for four-star self-catering apartments in a hotel-style building with spa and gym facilities, " says Ciaran Mannion of Overseas Properties.

The building which is due to be ready by early 2009 and apartments cost around 8,500 per square metre, with studios starting from 190,000 and one-beds from 290,000.

All units come with a 4.7% return which will be index linked for 11 years.

For further information contact Ciaran Mannion at 091 788841; ciaran@overseasproperties. com.