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Real estate, tourism, housing in the 64: how the Banque des Territoires is involved on all fronts

At the time of taking stock of the 2021 region, a few days ago in Pau, its director for New Aquitaine, Patrick Martinez confirmed it to us: “We are not the principals, but we can stimulate a policy , and above all to respond to projects carried out by communities, their establishments or private companies”.

Its strength: its resources, issues…

At the time of taking stock of the regional 2021, a few days ago in Pau, its director for New Aquitaine, Patrick Martinez confirmed it to us: “We are not the principals, but we can stimulate a policy , and above all to respond to projects carried out by communities, their establishments or private companies”.

Its strength: its resources, mainly from the Livret A of the French. An almost endless windfall, “but we are not a simple counter” warns the regional director. He seems to want, in everything, “to be at the right level of intervention”.

Last year in any case, it was more than a billion euros that the “BDT” injected across New Aquitaine, including 885.6 million in signed loans and 76.6 million in equity investments.

“Let’s stop studying everything and anything”

And to those who fear that the money made available or the engineering proposed will only result in a study without a future, Patrick Martinez replies: “From now on, we are interested in projects from their start, with the client . And then there’s more and more concern about implementation. Yes, in this country, operationality remains a real subject. We want to work as early as possible on the subjects so that the project is ultimately validated and carried out,” he explains.

The director also wishes, in this matter, to avoid scattering, “let’s stop studying everything and anything. We’re not here to feed research firms. Our subject at the Banque des Territoires is transformation and revitalization. You have to set three or four goals and stick to them. Because if nothing comes out behind, we will have a credibility problem, ”underlines Patrick Martinez.

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This is the philosophy that it defends in particular in the treatment of the files which arise from the devices “Action heart of city” (which concerns Pau and Bayonne in the 64) and “Small towns of tomorrow” (20 localities in the 64). On the first, moreover, “the first phase is completed. The President of the Republic announced the renewal of the operation. There will therefore be new directions for phase 2. We are preparing for it in any case,” specifies the director.

As for the “Small towns of tomorrow”, “the project managers are chosen, we are financing the studies for the revitalization projects, and the phase of studies of places to be acquired” confirms the territorial director for 64, Geneviève Puyau.

Laherrère, an exemplary file

The Banque des Territoires is also involved in business real estate. The best example here is to be found in Laherrère, in the rapidly changing Zaragoza district of Pau, on one of the buildings which will notably house companies focused on the social and solidarity economy, the ESS which is very close to the heart precisely structure. “We have a filling rate almost achieved, and 70% marketing. One year from the opening, it’s good,” says Geneviève Puyau.

“But beyond the investment, 700,000 euros, we also agreed to co-construct the project with the community and the partners” specifies Rémi Heurlin, the deputy regional director. It should be noted that the Banque des Territoires has also launched with the Department a process of creating property companies (as part of the 100 property plan) whose purpose will be to intervene mainly in real estate in the heart of towns.

For, that in the end, “public intervention triggers the return of the private sector”. In the same spirit, moreover, the Banque des Territoires will want to play a role via Territoires d’industrie, to help relocate companies, “relieve them by helping with the walls” notes Patrick Martinez.

Widely involved in Salies for the thermal baths

The latter also recalls the preponderant place of tourism in New Aquitaine, “of the 76 million investments, 40 are in this area” abounds Rémi Heurlin. Locally, the BDT is largely committed to the revival of hydrotherapy in Salies.

“We’re going there because it’s a small town of tomorrow, because the buyer France Thermes also needed to take over the Hôtel de France et d’Angleterre as well as the tourist residence to bring his project to life. We thus come to the two SCIs as investors, and, because it is difficult to find funds at the moment, we also go there on loan, with 12 million. It has just been signed,” announced the bank’s representatives.

Aid for the Hôtel du Palais in Biarritz or for the renovation of the Chalets d’Ossau, “in order to offer another range, for 4-season tourism”, are also commitments made. Like being “ready” to finance future LGVs to Dax and Toulouse.

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The regional director will also talk about the interest shown in the environment, by raising as an example the site of the urban heating network of Pau (where the bank is a partner with Engie), “this is intended to emulate” greets Patrick Martinez . Or via the work that will be carried out with the Sdepa to finance renewable energies. For the regional director, these are the important subjects of tomorrow, energy, water management. And to call on communities to invest in the long term on these themes.

A first for landlords

Finally, and this is not the least important, the subject of housing, “to support territories in decline, such as Béarn, or housing crisis problems, as in the Basque Country. The big question remains: will we be able to sustainably meet demand when the flow of population continues unabated in 64” asks the director.

To anticipate, there is therefore the historic support for social landlords, up to 90 million on the lender part in our department. But, and this is new, these donors have also been reinforced on their own funds for 27.3 million, with the purchase of equity securities.

“We had never gone so far” observes Patrick Martinez, who also calls for building a land strategy with all the partners involved. “It’s not a resource issue. We are not in 2008, we are not experiencing a liquidity crisis”. But beware of inflation all the same, “it could lead us there”.

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