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Home » This historic monument, symbol of the difficulties of the State to enhance its real estate
Business

This historic monument, symbol of the difficulties of the State to enhance its real estate

By News Room16 July 20253 Mins Read
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This historic monument, symbol of the difficulties of the State to enhance its real estate
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As part of his savings plan of 44 billion euros, the Prime Minister advocates better management of public real estate. The recent case of a jewel of Art Nouveau testifies to the challenges of state real estate management.

© Getty

– The Mezzara hotel, in the 16th arrondissement of Paris.


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The colossal heritage State real estate is used in the plan unveiled on July 15 by the Prime Minister to find nearly 44 billion euros in savings, while the country is crumbling under 3,300 billion debts. “With almost 74 billion euros in real estate assetsthe state could lighten its accounts “approves the network ofreal estate agents Expertimo in a press release. While regretting that “The state sells badly, little, or too late”. A reproach that François Bayrou would not deny, who underlines that “The State has several hundred billions of euros in real estate assets, which it must better control”.

For expertimo, the difficulty of the State in enhancing its real estate assets is illustrated in a “Flagrant” By the case of theMezzara hotellocated in the 16th arrondissement of Paris. This Art Nouveau jewel, classified Historical Monumenthad been built in 1910 by Hector Guimard, architect of the famous Parisian metro entrances surmounted by canopies and cast iron with vegetable forms painted green. Ownership of the State since 1956 but declared uselessness in the public service 10 years ago, after the departure of the interior of the Jean-Zay high school, which he housed, the Mezzara hotel remained vacant until last month. Which “Reveals the limits of a public system unsuitable for market rules”Judge Expertimo.

Real estate: François Bayrou attacks the colossal “unproductive” heritage of the State

State real estate sales at the lowest in 2024

First attempts to sell, in 2018, resulted in a failure, recalls EXPERTIMO. Ditto for calls for projects then launched. Agnès Weil, representative at EXPERTIMO, discern “A method problem, angle of attack, narration (qualities) of the property “. A solution has finally been found, the State consenting an emphyteutic lease (very long duration) of 50 years to the entrepreneur Fabien Choné and the association Le Cercle Guimard, announced the latter on June 29. With the support of the Territorial Bank (Caisse des Dépôts group), this tandem will transform the mansion into a Guimard museum.

“The Mezzara case is not isolated”underlines Agnes Weil, recalling “That in 2024, sales of the state huts reached a Historical floorwith only 549 transfers, for 222 million euros in revenue, far from the 500 million reached a few years earlier ”. For the expert, “The administrative apparatus seems unsuitable for the requirements of a market that has become faster, more segmented, more demanding. The state is not a real estate operator. And he persists in ignoring the logics of the market, especially on atypical goods ”.

This villa registered in historic monuments is on sale for 4 million … on Leboncoin!

Creation of a public property

“At a time when the state seeks to rationalize its expenses, it is time to professionalize la management of its heritage ”she continues. And to preach logically for his parish: “This implies calling on those whose job is. High -end sales professionals have suitable tools, networks and stories to make a sleeping property a lively active ”. The Prime Minister has just announced “The creation of a landing company To reduce, manage, make the unproductive public heritage useful, for example to finance research ”. A public property, however.

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