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a social and real estate investor


5

Athens gains in autonomy. The Thionvilloise Association for the development of new social spaces continues to expand its housing stock. Several reasons pushed her to invest: new projects are piling up, borrowing rates are low and she has equity. “Our real estate policy gives us financial stability and an essential foundation, especially in view of inflation. In this way, we also control what our facilities cost us,” underlines the president of Athens, Robert Malgras.

The association continues to manage a rental stock, but it now has five properties, four in Thionville and one in Manom.

2016

The association’s first real estate acquisition dates back to 2016. The association acquired a seven-unit building on rue du Luxembourg, in Manom. Apartments for people who are struggling to find a roof, given their social profile.

100 000

Athens then began to invest route de Metz, in Thionville. She signs the purchase of number 66, where seventeen additional places are fitted out in the social hotel. She acquired number 46 on this same street in 2019. The old residence houses the family lodging, dedicated to women victims of violence. “We have been able to make significant adjustments there,” says President Malgras. Like individual toilets. The association has just bought 15 ares of land next to the gîte. “The goal is to build additional housing there. »

300 000

The head office of Athens is located rue du Cygne, in the city center of Thionville. The association is leaving this location for a 130 m² building, with a large car park, 80, route de Metz. A strategic location: “80% of our equipment and services are nearby,” explains the director, Éric Langard. The investment amounts to around €300,000. “Installation is scheduled for late 2022, early 2023.”

600 000

The association will invest €600,000 at 56, route de Metz, where it was a tenant. The social hotel located there has 27 accommodation places for women, men and couples.

“In total, Athens borrows €800,000 and draws the rest of these investments from its own funds”, cuts out its president.

3,3

The annual budget is 3.3 million euros. An envelope from subsidies and grants from the State, the Department, local authorities. The Athens association employs 54 people, 49 full-time equivalents. It manages 18 devices, actions and equipment in favor of a vulnerable public. “Reception, accommodation, integration, everything revolves around that. »

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