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Reviews Personal Hotels, Luxury Buildings: The Huge Real Estate Heritage Hidden Diocese of Paris

15:40  26 november  2021
15:40  26 november  2021 Source:   challenges.fr

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Hôtels particuliers, immeubles de luxe : l’énorme patrimoine immobilier caché du diocèse de Paris © Tuul & Bruno Morandi / Getty Images Personal Hotels, Luxury Buildings: The Huge Real Estate Heritage Hidden from the Diocese of Paris He would own 700 million euros of goods, without anyone appearing in its accounts. A practice yet perfectly legal.

While the church seeks money to compensate the victims of pedophile priest, the revelations of the Radio France investigative cell could give it the solution. Indeed, according to information from the group, the diocese of Paris would hold nearly 700 million euros of real estate. A heritage of a hundred buildings, private hotels and other luxury goods that does not appear anywhere in its accounts.

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Among the property managed by the institution, an mansion located in one of the most prestigious streets of the 7th arrondissement of Paris, in the heart of the Embassy district and the ministries. The building, bequeathed by a rich parishioner at the beginning of the past century, since then, the residence of the bishop of Paris. It was estimated by the Radio France's investigative cell between 52 and 65.8 million euros, retaining the value per square meter.

Bypassing the law

The published survey this Friday, November 26 is full of similar examples, such as this building in the 8th arrondissement of Paris with an area of ​​6.800m² and estimated between 137 and 156 million euros. Or another, two steps from the Champs-Elysées , still in the 8th, estimated at 142 million euros and which allows to welcome young women of all nationalities, aged 18 to 25, and who seek housing as part of a professional project.

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The Radio France's investigative cell has thus made four other properties in the 7th, 15th and 12th Arrondissements of Paris for a total value of between 130 and 180 million euros. An incredible wealth for the diocese of Paris ... which does not appear anywhere in its accounts. Indeed, as the investigation revealed, the diocese does not have the right to collect revenues from real estate . But to enjoy this impressive heritage, the church found a system to work around the law.

"When there is a legacy, a building that produces income, one finds a way so that it is not the right-owned cultural association", thus explains to FranceInfo Emmanuel Tawil, specialist in law CULTS. One of them is the use of SCI or an association that becomes the owner of the building, without the diocese appearing in the documents and has to declare these buildings yet "prohibited". A situation that could, however, change. The law so-called separatism 'promulgated in 2021 should thus "authorize all cults, including the Catholic Church, to hold real estate", details Emmanuel Tawil to the Radio France's investigative cell.

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of the difficult goods for sale

during his investigation, the journalists discovered a list of more than 80 SCI belonging to the diocese of Paris. Contacted, the latter confirmed that "these SCIs are owners of residential properties, for the most part, and offices", all for an amount estimated by Radio France at 166 million. An amount that could be very below reality, the value of many goods being often undervalued by half or even three-quarters according to the media. Thus, by adding other properties assessed by Radio France, the amount of the heritage of the diocese could reach between 325 and 710 million euros.

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all, without counting the seat of the Conference of the Bishops of France, which does not belong to the diocese of Paris, but to the 'episcopate. This building of 5,000 m² located in the 7th arrondissement of Paris could thus climb to the sum at nearly 835 million euros. Buildings that may, however, be difficult to sell for the Church, particularly because of very strict conditions posed by donors for the use of prestigious buildings sold at the Church.

These dynamic cities where the real estate purchasing power decreases .
in two years, Angers lost, in terms of real estate purchasing power, the equivalent of a studio and reims of a room! But the decline in real estate purchasing power also strikes Laval, evident, valves, Metz, Poitiers, according to a bettertal study for RTL . These are all average cities where real estate prices leap more than 15%, sometimes causing even demonstrations of the local population. prefectures or sub-prefectures that find dynamism from the Pandemic of Covid-19.

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