The region has decided to create a real estate company with a strike force of 35 million euros, which will offer owners of medium-sized establishments (restaurants, hotels, campsites, etc.) to sell their walls to it for replenish their funds, in order to overcome the coronavirus crisis.

Your walls have a value, we buy them from you, and the money you collect will allow you to get back on the water. Here is, in summary, the message of a real estate company recently created by the Pays de la Loire region, and which will offer owners of restaurants, hotels or medium-sized campsites to sell their walls to it, to collect a little fresh money. The goal: to replenish their funds after the very trying coronavirus crisis. 

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"It's a very positive operation"

The structures targeted are those that do not have the support of a large group to get through this crisis. Their operators were owners, they will become tenants, but with a replenished cash flow. "It is a very positive operation which will allow companies in difficulty or in need of equity capital to recover, and to reinject new money into their goodwill", welcomes the microphone of Europe 1 François Taillandier, who chairs the Union of hospitality trades and industries in the region. 

Thanks to the contributions of its three sponsors (the region, the Banque des Territoires and the Caisse d'Epargne), the real estate company will have a strike force of 35 million euros and thinks it will be able to buy back the walls of around fifty 'establishments. 

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Carry out energy renovation works

What if operators want to get their walls back one day? "When there is a return to better fortune, they will be able to become owners again, over a period of 6 to 15 years, 'tailor-made', in a way", assures Philippe Jusserand, regional director of the Banque des Territoires.

"This property really has a general interest objective: to be patient, to offer very reasonable conditions", he assures us. "The objective is to provide equity responses during this very difficult phase that we are experiencing today." But also, adds the manager, to take advantage of this time to carry out energy renovation work.