📋 Tender Overview
The European Investment Bank and the Banque des Territoires Caisse des Dpts are investing 100 million euros each in a platform dedicated to investments in structuring real estate operations for the urban development of French territories. Managed by the Banque des Territoires this platform will invest in equity and quasi-equity in large-scale and environmentally efficient operations. The Urban Development Platform is part of the investor offer from the Banque des Territoires helping to make territories more attractive inclusive and sustainable. The participation of the European Investment Bank EIB is guaranteed by the European Fund for Strategic Investments FEIS also called the Juncker Plan.Eric Lombard Managing Director of Caisse des Dpts and Ambroise Fayolle Vice-President of the European Investment Bank have signed an agreement on the creation of a common platform called Urban Planning. This platform is part of the cooperation between the two institutions initiated since 2013. With 200 million euros - half from the Banque des Territoires and the other from the EIB - this platform 1 will managed operationally by the teams from the Investment Department of the Banque des Territoires. The funds provided by the EIB are guaranteed by the European Fund for Strategic Investments EFSI also called the Juncker Plan. This new partnership shows the excellent relations between the EIB and Caisse des Dpts said Ambroise Fayolle Vice-President of the EIB. It responds to a real need for equity in terms of urban development For the bank of the European Union this is an opportunity to show its attachment to the vitality and growth of medium-sized cities in the territories .Paolo Gentiloni European Commissioner for Economy The Urban Development platform will be able to finance new urban development projects a key sector in order to renovate modernize and develop structures that meet the environmental and societal challenges of today. Supported by the European Fund for Strategic Investments it will thus make it possible to invest in projects that meet the challenges of health aging and the needs of young people in French territories . This first investment platform presents itself as a new version of the partnership between our two establishments and demonstrates our common ability to innovate said Eric Lombard Managing Director of Caisse des Dpts. The Urban Development Platform will facilitate access to territories for European Union funding. It will be rolled out to project leaders by the Banque des Territoires which will also act on behalf of the EIB which constitutes recognition of its expertise and its territorial roots .The objective of this vehicle is to take minority stakes in large-scale real estate projects with high environmental performance as part of overall urban development projects at the scale of a district or a community. These real estate operations carried out by the Banque des Territoires will help make the territories more attractive inclusive and sustainable.The core target of the projects funded by the platform is aimed at corporate real estate and commercial real estate programs located mainly in urban areas structuring in the context of land use planning or business support. The platform will also be able to invest in projects responding to health and aging challenges to the needs of youth residences for students and young workers or which make it possible to strengthen and diversify the tourist offer of the territories by modernization or creation of accommodation and equipment hotels.The ripple effect of the platform which will operate as a minority shareholder is essential to enable the financing of real estate projects alongside private investors and also by resorting to bank financing. Fifteen projects can thus be supported throughout France during the first three years. This partnership will make it possible to offer a new source of financing to the real estate sector in all territories in France to mobilize more private funds and more generally to stimulate urban renewal projects which sometimes suffer from a financing deficit particularly in equity.
