The Inovista group strengthens its presence in the Antilles-Guyana region thanks to a new partnership with SCPI Elevation Tertiom. This merger is part of the continuity of Inovista’s development in Reunion and demonstrates its ability to expand into other territories.. Comments from Vincent Le Baliner, director of the Inovista group.
The past year gives the impression that Inovista has changed dimensions. True or false ?
TRUE. Our course and our strategy follow a controlled growth trajectory driven by a long-term vision and transparency values., of professionalism, d’engagement. We are moving forward with the conviction that corporate real estate is a major lever for the economic development of territories.. Our strategy is based on an integrated approach between the transaction professions, user advice, management and, since last year, investment advice. With this clear direction and strategy, we have experienced very strong growth in Reunion, of our professions and our workforce – there will be around thirty of us at the end of the year. Another step : in 2025, we no longer talk about society, but from Inovista group. A group within which each profession now has its own entity, of his specific manager and team.
How was the projection of Inovista carried out in the Antilles and Guyana? ?
It comes in particular from requests from our corporate clients also present in the Antilles and Guyana. Customers who, appreciating our approach and strategy, asked us to accompany them there with the same level of professionalism as in Reunion. It is under this impetus that we decided to take this turn in the direction, Firstly, of Mayotte and, on the other hand, of the Antilles and Guyana.
This shift is being made with the SCPI Elevation Tertiom ?
ElevationTertiom is the SCPI of Elevation Capital Partners, the management company of the Inter Invest group. We have been working with Inter Invest for over ten years. We notably set up the OPPCI Bertel together. This group is bigger than us, but we share values and the way of working. As we already had a foot in the West Indies, Elevation Tertiom wanted us to support it in its investments in this area. Support on two axes. A : purchasing assets. We help with acquisition projects. Of them : building management. We provide service to tenants of purchased buildings.
Inovista is therefore already established in the Antilles ?
For three years we have been real estate advisors to the Union of Public Purchasing Groups. (UGAP), the public purchasing center, in the meeting, in Mayotte, in the Antilles and Guyana. On the other hand, we carry out missions with private actors. We are in the process of producing the real estate master plan for a major company whose head office is in mainland France and which is also established in the Antilles.. In Martinique, we are working with Vinci Construction Outre-mer to develop an operation including a hotel, offices and businesses at Fort-de-France airport. We also work for institutional owners in the Antilles, either for management, either for the resale of sites. We manage our growth in the Caribbean area through partnerships with local structures across all of our businesses. : design offices, technical management, real estate experts, etc.
How are the commercial real estate markets in this region? ?
Over the past ten years, on 2 million square meters under construction in the DROMs, 57% were in Reunion, 17% in Martinique, 16% in Guadeloupe and 7% in Guyana. We find approximately the same dynamic in the volumes rented and sold : in ten years, 130,000 m² in Reunion, 60,000 in Martinique, 58,000 in Guadeloupe and 50,000 in Guyana. In the territories where we work, three, I would say, are mature : Martinique, Guadeloupe and Reunion. The other two, Mayotte and Guyana, are growing. And Guyana, especially, unlike other DROMs, has no land problem.
What is Inovista’s objective in this new horizon? ?
There is an expression that I like : oceanic France. Our vision, our desire, it is, after having developed professions and an organization that work in Reunion, to support public and private actors in the territories of oceanic France towards more sustainable and more productive business real estate models. Excluding Asia-Pacific Islands, where real estate markets operate on different bases… We must also consider the development prospects of these territories. Oceanic France, it’s 600,000 km² of exclusive economic zones, with incredible perspectives around the blue economy, as well as the military economy.
