Question 21133 — town planning

Summary

Mr. Mickaël Nogal draws the attention of the Minister to the Minister of Territorial Cohesion and Relations with Local Authorities, responsible for cities and housing, to the partial contributions of assets subject to the legal regime of divisions including buildings. In several European countries, such as the United States, a movement to develop rental properties owned by professional institutional investors. In France, residential real estate currently represents a very small share in the portfolios of these investors. This particularity prompts us to ask ourselves the question of the obstacles to be removed for the development of this complementary rental offer. A certain number of these institutional investors with significant portfolios of residential assets are also considering the possibility of subsidizing this activity or separating it (by partial spin-off) in order to give it increased visibility and be able to attract investors interested more specifically in this asset class. A recurring difficulty linked to the realization of a partial contribution of assets relating to an activity comprising buildings is the question of the possible application of the urban pre-emption right (the “DPU”). He takes a more sensitive dimension in the context of a contribution relating to a portfolio comprising a large number of buildings. He asks him if these contributions are subject to the urban right of pre-emption.

Machine translation from French. The official text remains authoritative.

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1. 6 February 2019

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• Mickaël Nogal · auteur

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