Gide on restructuring the CNRS site in Meudon, first public design-build contract to be fully funded in-kind
At end 2013, the CNRS (French national scientific research centre) and the consortium of companies represented by GTM Bâtiment signed a design-build contract for the CNRS site in Meudon. Eight buildings will be demolished, and a new complex of approximately 10,700 sq.m. will be built, to be used as offices, laboratories, workshops, civil service exam rooms, archives and company restaurant.
The innovative aspect of this project regards the contract-holder’s funding, which will be entirely in-kind. The CNRS will provide a plot of land exceeding 10,000 sq.m., which it owns, to the consortium, and on which Vinci Immobilier and Kaufman & Broad will conduct a significant real estate development operation (housing in particular).
To date, this is the largest in-kind financing operation of a public project. It will serve as reference for future projects of the same type, and demonstrates the ability of public bodies, in a complex budgeting period, to finance their activities without increasing their debt by making use of their property resources.
Gide (Alexandre Gauthier) was legal counsel to the CNRS.
The contract-holder consortium, comprising Vinci Immobilier and Kaufman & Broad, were advised by Zurfluh Lebatteux Sizaire (Christophe Sizaire and Cédric Jobelot).