Responsible Investing

The Responsible Range of Primonial REIM France

Commitment to the environment and society

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Direct your savings to a responsible fund

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Combining financial performance and responsible investment

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Stéphanie Lacroix

From the outset, Primonial REIM France has sought to promote committed savings through funds invested in responsible themes.

Stéphanie Lacroix
Managing Director of Primonial REIM France
01/01

Primonial REIM France's responsible range

SRI-labeled funds
SCPI Primovie

SCPI Primovie

Fund investing in health and education real estate and participating in the support and patronage of the Necker Hospital

SFDR Article 9

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SCPI Primopierre

SCPI Primopierre

Fund investing in office real estate that improves the environmental performance of its real estate portfolio

SFDR Article 9

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OPCI PREIM ISR

OPCI PREIM ISR

1st SRI real estate fund that only selects assets above a certain ESG rating threshold


SFDR Article 9

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Impact Funds
SCPI Patrimmo Croissance

SCPI Patrimmo Croissance

1st SCPI in residential real estate of social utility.

SFDR Article 9

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WHAT IS THE ISR LABEL?

The Real Estate SRI label is a tool for choosing responsible and sustainable investments. Created and supported by the Ministry of Finance and effective as of July 2020, it aims to make socially responsible investment (SRI) products more visible to savers.

WHAT IS AN IMPACT FUND?

Impact finance is defined as "an investment or financing strategy that aims to accelerate the fair and sustainable transformation of the real economy, by providing evidence of its beneficial effects".

WHAT IS A SFDR SECTION 9 FUND?

The SFDR regulation identifies 3 categories of article. Article 9, the most virtuous, designates funds with a sustainable investment objective, a positive impact on social and environmental externalities.

Primonial REIM France's responsible approach

Primonial REIM France was the first management company to offer households the opportunity to direct their savings, via its SCPI Primovie, towards healthcare and education real estate in order to meet the specific financing needs of health and education infrastructures. In 2020, SCPI Primovie has become a fund participating in the support and patronage of the Necker Hospital.

The management company has accentuated its social role by contributing to making cities more inclusive through its real estate investments in the affordable housing sector.The SCPI Patrimmo Croissance is the only SCPI invested in social and intermediate housing in France with the mission of promoting access to housing for all categories of the population in cities with high rental pressure.

Primonial REIM France has also made improving the environmental performance of its real estate assets a priority. To meet this strategic challenge, Primonial REIM France has developed a proprietary methodology that integrates ESG (Environmental, Social and Governance) criteria into its real estate acquisitions and asset portfolio management. For example, 100% of the real estate acquisitions of the SCPI Primopierre and l'OPCI PREIM ISR are subject to an extra financial rating

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Primonial REIM is a signatory of the principles for responsible investment

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Primonial REIM is a signatory of the Principles for Responsible Investment (PRI) charter as laid out by the Secretary General of the United Nations and which aims to assist investors in integrating environmental, social and governance considerations (ESG) in their investment decisions.

Primonial REIM subscribes to sustainable development objectives

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Primonial REIM subscribes to the United Nations sustainable development objectives, especially those that aim to facilitate access to healthcare, sustainable cities and communities as well as in the fight against climate change:

Investing in a real estate fund involves risks

INCOME AND CAPITAL RISK
The potential income of the fund may go up or down, as may the withdrawal value of the unit. Real estate funds carry a risk of capital loss. Units purchased in bare ownership do not entitle the holder to any income.

LIQUIDITY RISK
Liquidity risk may arise from i) large redemptions of liabilities, ii) difficulty in disposing of physical Real Estate Assets quickly as the real estate market may offer less liquidity in certain circumstances or iii) or a combination of both. The liquidity of the units is not guaranteed by the management company. As this investment is invested in real estate, it is considered illiquid and should be considered from a long-term perspective. In the event of dismemberment, the possibilities of withdrawal or transfer of shares are limited or non-existent. Holders of stripped units are advised to retain their rights throughout the stripping period.

MARKET RISK
Potential revenues as well as the value of the units and their liquidity may vary up or down depending on economic and real estate conditions.

SUSTAINABILITY RISK
A sustainability risk is an environmental, social or governance event or condition that, if it occurs, could have an actual or potential material adverse effect on the performance of the investment. Damage due to the realization of sustainability risks may result in repair costs or physical inability to occupy the premises, which would result in a loss of rent. This 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 memorandum.

DEBT RISK
The fund may take on debt up to a maximum of 30% 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 fund.

RISK RELATED TO THE PURCHASE OF UNITS ON CREDIT
If the income from the shares purchased on credit by the partner is not sufficient to repay the loan, or in the event of a drop in price when the shares are sold, the subscriber must pay the difference.

RISKS RELATED TO INVESTMENTS IN REAL ESTATE ASSETS
Changes in the real estate market may lead to significant variations in the value of the buildings, as may changes in the rental market (risk of vacancy or non-payment of rent) and the level of technical performance of the buildings. The fund may also engage in development operations (real estate development contracts) and VEFA which may expose it to the following risks:

  • Risk of default by the developer, prime contractor, general contractors, etc.
  • Risks of deferred collection in time from the completion of the construction of the building and its rental.

The fund will therefore bear the rental risks normally associated with such assets.

Past performance is not indicative of future performance.p>

Primonial REIM France indicates that the decision to invest must take into account all the characteristics and objectives of the fund, as described in the prospectus.