SCPI Primovie

Funds participating in the support and patronage of the Necker Hospital

Primovie, a socially useful SCPI

Are SCPIs right for you?

Primovie, the leading SCPI in healthcare and education property

Created in 2012, Primovie is the first SCPI on the market to focus its investment policy on healthcare and education property in France and Europe, with over €4 billion in capitalisation. An innovative savings solution, Primovie meets society's needs for healthcare and education property, two sectors where there is a shortage of supply and which are by nature less exposed to economic cycles. The Primovie SCPI invests in France and in the euro zone to allow its members to benefit from significant investment opportunities and to return any real estate performance to them. The Primovie SCPI is an SRI-labelled fund.

The SCPI that favors health and education real estate

With Primovie, a leader in health and education real estate, you invest indirectly in socially useful real estate sectors:

Health sector, seniors and dependency: retirement homes, EPHPAD, MCO clinics (Medicine, Surgery and Obstetrics), senior residences
Education and early childhood sectors: nurseries, schools, universities, training centers
Each subscription of new SCPI units allows Praemia REIM France to make a donation to the Necker Enfants malades Hospital

Primovie's SRI approach

Environmental objective (energy): To place each of the fund's real estate assets on a trajectory enabling it to reduce its final energy consumption by 40% in 2030.

Environmental objective (greenhouse gas emissions): To place the fund's portfolio of real estate assets on a trajectory that will enable it to contribute to achieving the national objective of carbon neutrality by 2050, in accordance with the National Low Carbon Strategy resulting from the 2015 Paris Agreements.

Social objective (health/comfort of occupants): To reduce the proportion of double rooms in the EHPAD estate managed by the fund.

Governance objective (supply chain management): To frame 100% of the significant works on the portfolio's real estate assets by a specific site charter integrating ESG clauses

Governance objective: To ad Praemia REIM France's ESG annex to 100% of new leases or lease renewals signed.

Why invest in Primovie ?

1

Socially useful investments in a growth market

Primovie's investments are mainly driven by favourable demographic factors. Longer life expectancy, ageing and population growth in France and Europe call for a specific response to meet society's growing needs for real estate facilities in the health and education sectors.

2

Tenants developing an activity less exposed to economic cycles

Primovie acquires the premises of the establishments and entrusts the operation of the premises to the tenants, whose leases have an average duration of 9 to 12 years with a commitment to renew. As a true real estate partner, Praemia REIM France is committed to a close relationship with its tenants in order to best meet their needs and support them in their development ambitions. Primovie thus offers you greater visibility on the potential sources of income distributed by the SCPI.

3

Real estate assets selected and managed by specialised teams

Praemia REIM France has experts specialised by asset class who select real estate in France and in the euro zone in order to diversify the portfolio and the risks.

Become an SCPI Primovie associate

Conditions of subscription to 30/09/2024

Minimum duration of investment : 10 years

4,748,732,440 €

CAPITALISATION

at 30 September 2024

185 €/share

SUBSCRIPTION PRICE

169,74 €

WITHDRAWAL VALUES

10 shares

MINIMUM SUBSCRIPTION

4.55%

INTERNAL RATE OF RETURN (10 years) (2014-2023)

4.21 %

DISTRIBUTION RATES

at 31 December 2023

Primovie documents

I simulate I contact

Past performance is not an indication of future performance.

Customers with pending withdrawal requests in the share register can obtain their rank, as well as the number of shares and the amount pending withdrawal positioned in front of their order in the register, by making a request to the Customer Relations Department via the client space.

Past annual performance of the SCPI Primovie

This chart shows the fund's performance in percentage loss or gain per year over the last 10 years.

TDVM until 2020 and distribution rate from 2021 onwards

SCPI created in 2012

Past performance is not a reliable indicator of future performance. Markets may evolve very differently in the future. This chart can help you assess how the fund has been managed in the past.

The market value distribution rate (MVD) is a performance indicator over an accounting period (year). It is the gross annual dividend, before compulsory withholding tax, paid in respect of year n (including exceptional interim dividends and share of distributed capital gains), divided by the average share price in year n.

The payout ratio is an indicator of performance over an accounting period (year). It is the gross annual dividend, before withholding tax and other taxes paid by the fund on behalf of the shareholder, paid in respect of year n (including exceptional interim dividends and share of distributed capital gains), divided by the subscription price on January 1 of year N. This does not allow for comparison with the TDVM, the market value distribution rate, calculated in previous years.

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.

Risque lié à l'achat à crédit de parts de 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.

Risques liés à des investissements dans des actifs immobiliers

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.

Simulate your investment in SCPI

SCPI Primovie key figures

49,886

ASSOCIATES

95,9%

FINANCIAL OCCUPATION RATE

1,686,272,17

M² MANAGED

306

ASSETS

454

LEASES

¹ Source: Praemia REIM France at 30th september 2024.

REAL-ESTATE ASSETS

GEOGRAPHICAL DISTRIBUTION

Healthcare / Senior

Offices

Education

Hospitality

Source: Praemia REIM France at 30/09/2024 - as a % of the market value of the asset

Parisian region

Region

Germany

Paris

Italy

Spain

Netherland

Belgium

Source: Praemia REIM France at 30/09/2024 - as a % of the market value of the asset

Primovie investments

Primovie is largely constituted of public interest properties within the healthcare, retirement homes, care and education sectors, mostly located in France or the Euro Zone, depending on investment opportunities for long-term leasing.

Previous investments are not a reliable indicator of future investments.