Primonial Capimmo

Only available as part of a life insurance policy

Primonial Capimmo Only available as part of a life insurance policy

Primonial Capimmo was created in 2007 and is the leading property placement plan with total net assets of over €7 billion at 31/12/2022.

Its broad property-based portfolio is situated in France and the Euro Zone.

Primonial Capimmo is an Alternative Investment Fund (FIA) registered as a Société Civile Immobilière (Property Investment Company) which does not propose its services directly to the public or have authorisation from the Autorités des Marchés Financiers (Financial Markets Regulator). Its services can only be accessed via life insurance policies as a Unit of Account (UA). To this end it is subject to the very attractive tax and regulatory benefits of such policies..

Primonial Capimmo, a Unit of Account plan available via life insurance policies

Primonial Capimmo is:

• a property based multi-asset class plan. Capimmo’s holdings are largely made up of office, retail, healthcare/education institution and residential properties.

• a holding made up of complementing assets: direct or trust* property ownership, unlisted collective real-estate plans (SCPI, OCPI)*, listed financial instruments (financial shares) or collective treasury management investments (OPCVM or FIA for non-professional investors).

* including plans and participations in FIA managed by Primonial REIM France.

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Primonial Capimmo is...

A placement which remains available

Thanks to an assembly that is unique to the market, Primonial Capimmo combines a number of parallel characteristics: diverse allocation, independence and regular potential income with a long term objective.
It also benefits from the high degree of operational flexibility, liquidity and taxation conditions of life insurance policies.

* since the liquidity is provided by the insurer

A large fund with a track record of more than 10 years

Primonial Capimmo has a significant track record. This significant size, combined with a multi-asset class allocation for real estate, with a predominantly office space and geographic diversification, enables Capimmo to pool risks.

Before selecting the investment vehicles, whether listed or unlisted, the manager conducts an in-depth market analysis. It filters the various media on the basis of quantitative and qualitative criteria in order to identify media whose management and investment policy, as well as the return and risk objectives, correspond to the fund's objectives.

Primonial Capimmo is...
Primonial Capimmo is...
Primonial Capimmo is...

Primonial Capimmo key figures

Conditions of subscription to 17/03/2023

Minimum duration of investment : 8 years
7,343,385,656.61 €
NET ASSETS
at 17 March 2023
289.44€
LIQUIDATED VALUE
at 17 March 2023
-1.37%
RESULTS (since 31.12.2022)
at 17 March 2023
264
NUMBER OF LINES
4.04%
NET RESULTS FOR 2022 EXCLUDING PLAN MANAGEMENT FEES
Primonial Capimmo documents
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Annual results (%)

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

2012

4.04

4.12

2.50

4.56

4.20

4.06

4.23

4.95

4.70

5.03

5.07

Results excluding fees. Previous investments are not a reliable indicator of future results.

NET ASSET DISTRIBUTION
PROPERTY PORTFOLIO DISTRIBUTION
Indirect real estate (excluding SCPI)
SCPI / OPCI
Cash invested (money market funds, CATs, euro funds, etc.)
Uninvested cash
Direct real estate
Availabilities (stock of costs and rights, debts, receivables, etc.)
Listed land shares
Source : Primonial REIM at 17/03/2023 – as a % of value
Indirect real estate (excluding SCPI)
SCPI / OPCI
Direct real estate
Listed land shares
Source: Primonial REIM at 17/03/2023 – as a % of value
SECTOR DISTRIBUTION
SECTOR DISTRIBUTION
Offices
Retail
Residential
Healthcare
Hospitality
Logistics
Other
Source : Primonial REIM at 12/31/2022 – as a % of value
France
Germany
Belgique
Netherlands
Spain
Italy
Luxembourg
Others
Source : Primonial REIM at 12/31/2022 – as a % of value

Where can you find Primonial Capimmo?

Primonial Capimmo is available as a Unit of Account in a large number of life insurance policies. Speak to your asset management advisor.

What are the potential risks?

• Risk of capital loss

Primonial Capimmo provides no capital security guarantee. The invested capital may be returned only partially or not at all.

• Risk related to discretionary management

The management style used by Primonial CAPIMMO and its delegates is based on an anticipation of changes to various markets and/or the selection of assets. There is a risk that Primonial CAPIMMO is not always invested in the most lucrative markets or properties. The performance of Primonial CAPIMMO may be lower than the management objective and Primonial CAPIMMO’s liquidated value may be subject to a negative performance.

• Risks associated with investments in property assets

Real-estate market variations may lead to significant variations in property values, the same also applies in the leasing market (holiday let market, unpaid rent) and for the costs of technical property services. The potential revenues from property investments may rise or fall depending on the economic situation and/or the property markets and are not guaranteed

. • Risks associated with investments in financial assets

Fluctuations in the prices of financial assets held by Primonial CAPIMMO may have a positive or negative impact on the liquidated value. The market risk is the risk of a global drop in the values of the financial assets in which Primonial CAPIMMO invests.

• Liquidity risk

The property market proposes restricted liquidity. A high demand for shares over a short period may have a negative effect on the sale prices of properties which have to be transferred within specific time limits, and is likely to have a negative impact on the liquidated value.

Risk associated with credit

The property trusts owned by Primonial Capimmo may take out loans at times.