Real estate business survives well in the Bordeaux area

Slowdown, Yes. Crisis, no. Real estate business survives well in the Bordeaux area. After a year which had registered 211 transactions for a volume of 83.500 m2, "2009 should terminate with the signatures of 75,000 m2." "It would be very honourable given the current context," said Jacqueline Rolie-Novelli, regional head of Foncia company and President of the real estate business in Bordeaux Observatory. The offer is is stabilized to 134.000 m2puisque any large program was delivered this year. "Bordeaux su master Park, especially in the years 2000", said Valery Carron, Associate Director of BNP Paribas Real Estate in Bordeaux. The demand remains sustained, including by the presence of a large tertiary sector and large administrative utilities in the capital of Aquitaine. Its share in the transactions increased from 34 of the market in 2008 to 46 on the beginning of the year. This is why the rental values in the downtown continue to rise to an average 165 euros HT by m2et year, and to 133 euros for the former. "In ten years, Bordeaux was caught behind from other towns in the province". Prices are now equivalent to those of Nantes, and almost those of Toulouse. "They remain lower than those of Marseille and Lyon," underscores Jacqueline Rolie-Novelli.

The right bank welcomes SME

The renovation of the downtown docks and the tramway effect play probably in full, attracting many small businesses, liberal professions and financial institutions on small surfaces from 100 to 250 m2. Students also come in mass. Several schools and training institutions have settled in the neighbourhood of Chartrons on some 7,500 new local m2de built by Domofrance in old cellars.

Another dynamic zone: the right bank, with the towns of Lormont, Floirac and Cenon, which, thanks to the creation of a free zone, became a pool of SMEs, part of which "remain now attached to this sector, even if they receive more same fiscal conditions", said Valery Carron.

Mérignac, in the western suburbs, which benefits from the proximity of the airport, the new offer is important, and the more complicated situation, with a stock of offices equivalent to two and a half years of transactions. Several great services have settled, including pole employment on 1,300 m2. After very difficult years, the Lake District, new city created on the initiative of Jacques Chaban-Delmas in the 1960s, found a second youth through his palace of Congress and the arrival of the tramway to les Aubiers, South of the sector.

The future It is already with Bordeaux Euro-Atlantic, coming to be recognized national interest operation (ISO). This huge urban development project focuses on 738 hectares of the communes of Bordeaux, Floirac and Bègles around the gare Saint-Jean. The capital of Aquitaine, which should be in 2016 high-speed line, will be then on two hours of Paris and, a few years after, at a time of Toulouse and an hour and a half of Madrid. The projects are in the endorsement: 500,000 m2de offices, equipment 500,000 and 1 million m2de housing. Early 2010 a second decree will give birth to the institution of development, with the first building in 2013.

Bordeaux Métropole 2030 project, the agglomeration will construct new neighbourhoods including the first out of Earth will be that of the banks of the Lake, called Ginko. A écoquartier built by Bouygues on 32 hectares will host 5,000 inhabitants by 2012 and offices. Metropolitan also acquires a park of activities dedicated to biotechnologies, the Bioparc, on the communes of Pessac and Mérignac. Another great ambition: the Aeroparc, on 250 hectares, based on the proximity of the large companies of the aerospace and defence (Thales, Dassault, Safran, EADS) and could generate 8,000 to 10,000 additional jobs. The bet of the Bordeaux metropolitan area, that dream is a destiny of European metropolis, will be to manage this growth.