The leading SCPI for office buildings
With Primovie, a leader in health and education real estate, you invest indirectly in socially useful real estate sectors:
- modern, large-scale office buildings that fully meet the requirements of their corporate tenants
- office building assets located for the most part in Paris and its ‘First Ring’, a mature and structured market
- investments sited in the heart of Paris Primopierre benefits from the dynamic of the ‘Grand Paris’ project with its new investment opportunities, which will be highly profitable in the long term with the projected construction of new railway stations in certain urban centres
- an environmentally friendly approach integrated into both the real-estate investments and the management of existing properties.
- Full integration of environmental issues, from acquisition to management of the building,
- A non-financial rating of all assets on the basis of a proprietary rating grid comprising 60 indicators grouped into 6 themes,
- The implementation of improvement plans (load optimization, technological innovations, better prevention of technical incidents, works...),
- Ongoing dialogue with all stakeholders (property managers, service providers, tenants),
- A signed partnership with Deepki for the strategy of collecting and monitoring energy data from buildings, in a process of continuous improvement of environmental and social quality.
1 - Risk factors
Prior to any subscription, please refer to the articles of association, information memorandum and DIC available, in French on the website. You will also find details of all fees and commissions on the subscription conditions page.
2 - Income and capital risk
The potential income of the SCPI may vary upwards or downwards, as may the withdrawal value of the unit. SCPIs carry a risk of capital loss. Units purchased in bare ownership do not entitle the holder to any income.
3 - Liquidity risk
Liquidity risk may arise from (i) large redemptions on the liabilities side, (ii) the difficulty of disposing of physical Real Estate Assets quickly, as the real estate market may offer less liquidity in certain circumstances, or (iii) a combination of both. The liquidity of SCPI units is not guaranteed by the management company. As this investment is invested in real estate, it is considered to be illiquid and should be considered on a long-term basis. In the event of dismemberment, the possibilities of withdrawing or selling units are limited or non-existent. Holders of stripped units are advised to retain their rights throughout the stripping period.
4 - Market risk
The potential income of the SCPI as well as the value of the units and their liquidity may vary upwards or downwards depending on the economic and property situation..
5 - Sustainability risk
A sustainability risk is an environmental, social or governance event or condition that, if it occurs, could have a material adverse effect, actual or potential, on the performance of the investment. Damage due to the realisation of sustainability risks may result in repair costs or physical inability to occupy the premises, which would result in a loss of rent. Such damage may deteriorate the value of the asset or make its disposal more difficult or impossible. The consideration of these risks is detailed in the appendix to the information note.
6 - Debt risk
The SCPI may use debt up to a limit of 40% of the value of its real estate assets. The amount received in the event of a withdrawal is then subject to the repayment of the loan by the SCPI.
7 - Risk associated with the purchase of SCPI units on credit
If the income from the shares purchased on credit by the partner is not sufficient to repay the loan, or if the price falls when the shares are sold, the subscriber must pay the difference.
8 - Risks related to investments in real estate assets
Variations in the property market may lead to significant variations in the value of buildings, as may changes in the rental market (risk of vacancy or non-payment) and the level of technical performance of buildings. The SCPI may also engage in development transactions (property development contracts) and VEFAs, which may expose it to the following risks
- Risks of default by the developer, main contractor, general contractors, etc.
- Risks of deferred collection from the time of completion of the building and its rental. The SCPI will therefore bear the rental risks normally associated with such assets.
SCPI Primopierre key figures
Information
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