Service France Domaine
Encyclopedia
Service France Domaine is a French
government agency
, which plays a central role in the property management
of state-owned real estate
in France. France Domaine acts as the owner of the state real estate
, and advises various public administrations in activities related to real estate, for instance by coordinating the real estate strategy for different ministries. France Domaine functions under the ministry for budget and state reform , headed by budget minister Éric Woerth
.
Since 2007, all ministries in the central administration pay internal rent
to France Domaine for their use of state-owned real estate. France Domaine is tasked with disposing property that is no longer used by the government, and which has become too costly or outdated to maintain. All in all, its real estate operations include buying, selling, renting
, and development
. Together with approximately 150 regional and local treasury offices under the Public Treasury (Trésor public
), France Domaine performs all activities relating to the management of government property assets. The aims for France Domaine include to ensure that state property is efficiently managed, increasing the quality of public services
, while at the same time reducing costs; and also improving the working environment for government employees.
EUR
. A study done circa 2003 concluded that the government real estate stock comprised 120 to 150 million square meters of floor space, half of which was office
s; the remainder consisting of warehouse
s, archival building
s, and some 300 000 residential buildings. Approximately 80% of this real estate is occupied by government ministries and public administrative organizations.
by selling state-owned real estate on the market. In 2005 the sales yielded 635 million EUR
, and 798 million EUR in 2006. However only 15% of the returns would be used to reduce public debt. The larger part would be used as an economic incentive to economise on real estate holdings, by being returned to the ministries that previously occupied the property.
Examples of such sales include:
France
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
government agency
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
, which plays a central role in the property management
Property management
Property management is the operation, control of ususally on behalf of an owner, and oversight of commercial, industrial or residential real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its usable life and condition...
of state-owned real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
in France. France Domaine acts as the owner of the state real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
, and advises various public administrations in activities related to real estate, for instance by coordinating the real estate strategy for different ministries. France Domaine functions under the ministry for budget and state reform , headed by budget minister Éric Woerth
Éric Woerth
Éric Woerth is a French politician.-Life and career:Woerth was born in Creil, Oise. He studied at HEC School of Management and Institut d'Études Politiques de Paris...
.
Since 2007, all ministries in the central administration pay internal rent
Internal rent
Internal rent is a form of transfer pricing where a company owning its own premises forces single departments in that company to pay rent for the real estate they use...
to France Domaine for their use of state-owned real estate. France Domaine is tasked with disposing property that is no longer used by the government, and which has become too costly or outdated to maintain. All in all, its real estate operations include buying, selling, renting
Renting
Renting is an agreement where a payment is made for the temporary use of a good, service or property owned by another. A gross lease is when the tenant pays a flat rental amount and the landlord pays for all property charges regularly incurred by the ownership from landowners...
, and development
Real estate development
Real estate development, or Property Development, is a multifaceted business, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of improved land or parcels to others...
. Together with approximately 150 regional and local treasury offices under the Public Treasury (Trésor public
Trésor public
The Trésor public is the national administration of the Treasury in France. It is headed by the general direction of public accountancy in the Ministry of the Economy, Finance and Industry....
), France Domaine performs all activities relating to the management of government property assets. The aims for France Domaine include to ensure that state property is efficiently managed, increasing the quality of public services
Public services
Public services is a term usually used to mean services provided by government to its citizens, either directly or by financing private provision of services. The term is associated with a social consensus that certain services should be available to all, regardless of income...
, while at the same time reducing costs; and also improving the working environment for government employees.
State real estate stock
The state is the largest owner of real property in France. In 2008, the French government property assets were valued at approximately 45 billion1000000000 (number)
1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
EUR
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
. A study done circa 2003 concluded that the government real estate stock comprised 120 to 150 million square meters of floor space, half of which was office
Office
An office is generally a room or other area in which people work, but may also denote a position within an organization with specific duties attached to it ; the latter is in fact an earlier usage, office as place originally referring to the location of one's duty. When used as an adjective, the...
s; the remainder consisting of warehouse
Warehouse
A warehouse is a commercial building for storage of goods. Warehouses are used by manufacturers, importers, exporters, wholesalers, transport businesses, customs, etc. They are usually large plain buildings in industrial areas of cities and towns. They usually have loading docks to load and unload...
s, archival building
Archive
An archive is a collection of historical records, or the physical place they are located. Archives contain primary source documents that have accumulated over the course of an individual or organization's lifetime, and are kept to show the function of an organization...
s, and some 300 000 residential buildings. Approximately 80% of this real estate is occupied by government ministries and public administrative organizations.
Sale of state-owned real estate
In 2005, the French government formed a strategy for state-owned real estate. One of the goals was to reduce government debtGovernment debt
Government debt is money owed by a central government. In the US, "government debt" may also refer to the debt of a municipal or local government...
by selling state-owned real estate on the market. In 2005 the sales yielded 635 million EUR
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
, and 798 million EUR in 2006. However only 15% of the returns would be used to reduce public debt. The larger part would be used as an economic incentive to economise on real estate holdings, by being returned to the ministries that previously occupied the property.
Examples of such sales include:
- The St. Anne Prison in AvignonAvignonAvignon is a French commune in southeastern France in the départment of the Vaucluse bordered by the left bank of the Rhône river. Of the 94,787 inhabitants of the city on 1 January 2010, 12 000 live in the ancient town centre surrounded by its medieval ramparts.Often referred to as the...
, built in 1865 during the reign of Napoleon III. - The former residence of the commander of the French Foreign LegionFrench Foreign LegionThe French Foreign Legion is a unique military service wing of the French Army established in 1831. The foreign legion was exclusively created for foreign nationals willing to serve in the French Armed Forces...
. - A foreign ministry building proximal to Champs-ÉlyséesChamps-ÉlyséesThe Avenue des Champs-Élysées is a prestigious avenue in Paris, France. With its cinemas, cafés, luxury specialty shops and clipped horse-chestnut trees, the Avenue des Champs-Élysées is one of the most famous streets and one of the most expensive strip of real estate in the world. The name is...
, near the Arc de TriompheArc de Triomphe-The design:The astylar design is by Jean Chalgrin , in the Neoclassical version of ancient Roman architecture . Major academic sculptors of France are represented in the sculpture of the Arc de Triomphe: Jean-Pierre Cortot; François Rude; Antoine Étex; James Pradier and Philippe Joseph Henri Lemaire...
. Sold for 600 million dollarDollarThe dollar is the name of the official currency of many countries, including Australia, Belize, Canada, Ecuador, El Salvador, Hong Kong, New Zealand, Singapore, Taiwan, and the United States.-Etymology:...
s.
External links
- Service France Domain — Official website (in French)