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De la rente immobilière à la finance : la Société de la rue Impériale (Lyon 1854-2004)

Author

Listed:
  • Loïc Bonneval

    (CMW - Centre Max Weber - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

  • François Robert

    (TRIANGLE - Triangle : action, discours, pensée politique et économique - ENS de Lyon - École normale supérieure de Lyon - UL2 - Université Lumière - Lyon 2 - IEP Lyon - Sciences Po Lyon - Institut d'études politiques de Lyon - Université de Lyon - UJM - Université Jean Monnet - Saint-Étienne - CNRS - Centre National de la Recherche Scientifique)

Abstract

The Société de la Rue Impériale (SRI) is the oldest real estate company in France. With more than 150 years of estate management of « haussmannian » buildings situated in the main street of Lyon, it had a crucial role among real estate companies. From its beginning (1854) to its end (2007), the SRI has constantly placed estate management in the center of its activities. This long run activity contrasts with the ephemeral duration of other real estate companies in the XIXth century. Throughout its existence, the holding of exceptional real estate assets has ensured a rent on which it has based its expansion. It is progressively shifting to a finance-led model in the late 1960s, after a major takeover by the Lazard bank. The purchase of the SRI by Abou Dhabi's sovereign fund completes the financialisation process of this prestigious piece of real estate. Based on the archives of the Company, the history of the SRI allows to trace back transformations of urban spaces in the long term and to better understand interactions between financial capital and the production of the city. This book constitutes an original approach to the economic and urban development.

Suggested Citation

  • Loïc Bonneval & François Robert, 2019. "De la rente immobilière à la finance : la Société de la rue Impériale (Lyon 1854-2004)," Post-Print halshs-02158071, HAL.
    • Handle: RePEc:hal:journl:halshs-02158071
    DOI: 10.4000/books.enseditions.12684
    as

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    Keywords

    Investment; Crops; Economic rent Listing of securities; Loan capital; Convertible debenture loan investment; Mergers and Acquisitions Takeover bid; Tax authorities; Liabilities; Financialisation ou Financialization; Held Portfolio; Contemporary history; 19th century; French Second Empire; 20th century; Urban Sociology; Urban history; Estate Economics; Economic and Business management; Business history; Urban Renewal; Real estate price; Capital efficiency ou Investment return; Real estate Income; Real estate equity; Real estate company; Building site; Construction site; Rental agreement; Commercial lease; Rent; Department store; Land policy; Rental Policy; Asset strategy; Property Management; Rent Mangement; Shareholding; Lyon Catholic bourgeoisie; Urban breakthrough; Expropriation; chantier de construction. Actif immobilier; destruction; XIXe siècle; Second Empire; Lyon; histoire d’entreprise; sociologie urbaine; économie et gestion; Histoire contemporaine; banque; économie immobilière; histoire urbaine; locataire.; protestant; administrateur; bourgeoisie lyonnaise; catholique; gestion rentière. Actionnariat; dette; emprunt; obligation; rente; cotation boursière; spéculation; rentabilité; patrimoine immobilier; prix immobilier; revenu immobilier; investissement; XXe siècle; société immobilière; portefeuille; fiscalité; capital financier; financiarisation; fusion-acquisition; offre publique d’achat (OPA). Loyer; bail commercial; grand magasin; politique foncière; politique locative; stratégie patrimoniale; gestion immobilière; rénovation urbaine; haussmannisation; percée urbaine;
    All these keywords.

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