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FR

SCPI Patrimmo Commerce commercial real estate at your fingertips

Founded in 2011, Patrimmo Commerce is an SCPI that aims to build up a diversified portfolio of commercial real estate, both in terms of rentals and geography. In line with its convictions about the retail market, the investment team pays particular attention to the location of the site at the heart of the urban landscape and the local commercial system in France and the Eurozone. We give priority to businesses with stable sales, such as local food stores (mini-markets, bakeries, etc.), personal services (hairdressers, beauticians, banks, dry cleaners, etc.) and the health sector (pharmacies, opticians, etc.), which are less affected by the development of e-commerce.

Patrimmo Commerce, Primonial REIM France’s retail SCPI

With Patrimmo Commerce, you can invest indirectly in retail property:

  • asset holdings made up of local retailers in carefully selected city/town centre locations
  • shopping centres located in densely populated urban areas
  • retail parks with established catchment areas

Previous investments are not a reliable indicator of future investments.

Why invest in Patrimmo Commerce?

1

A portfolio made up mainly of local shops

A property asset portfolio including a majority of local commerce Patrimmo Commerce provides access to a diverse portfolio of local commerce: fashion stores, interior decoration, catering, food shops, sport/leisure, beauty, DIY.

Previous investments are not a reliable indicator of future investments.

2

Attention to the quality of the location

Primonial REIM France teams pay particular attention to location, favoring assets located in the heart of urban landscapes and the local commercial system, in France and in the euro zone.

Previous investments are not a reliable indicator of future investments.

3

A partnership relationship with tenants

Primonial REIM pays particular attention to existing tenants. We are developing a close relationship with commercial tenants and adjusting rental contracts (lease term, tenant's ability to pay, etc.) to make each installation sustainable.
The tenants of Patrimmo Commerce are major national and international brands in different business sectors (food, DIY, banking, telecommunications, etc.) as well as local traders / artisans.

Previous tenants are not a reliable indicator of future tenants.

Become an SCPI Patrimmo Commerce associate

Conditions of subscription to 31/03/2023

Minimum duration of investment : 10 years
€ 758,139,528
CAPITALISATION
at 31 March 2023
€ 197/share
SUBSCRIPTION PRICE
€ 179,27
WITHDRAWAL VALUES
10 shares
MINIMUM SUBSCRIPTION
3.86%
DISTRIBUTION RATES The distribution rate is the division of the gross dividend, before withholding tax and other taxes paid by the fund on behalf of the shareholder in France or abroad, paid in respect of year n (including exceptional interim dividends and share of distributed capital gains) by the subscription price on 1 January n.
at 31 December 2022
4.09%
INTERNAL RATE OF RETURN (10 years) (2013-2022) THE ANNUALISED INTERNAL RATE OF RETURN FOR THE PERIOD, WITH THE BUYER PRICE FOR THE FIRST YEAR TAKEN INTO CONSIDERATION AS THE STARTING POINT, AND THE EXECUTION PRICE (FIXED CAPITAL SCPI) OR WITHDRAWAL VALUE (VARIABLE CAPITAL SCPI) ON 31 DECEMBER OF THE FINAL YEAR AS THE OUTCOME, AND THE DISTRIBUTED REVENUE BEFORE RELEASE FEE PAYMENT FOR THE PERIOD.

Les performances passés ne préjugent pas des performances futurs.

Past performance of the SCPI Patrimmo Commerce
Taux de distribution
Past performance is not indicative of future performance

The distribution rate is the division of the gross dividend, before withholding tax and other taxes paid by the fund on behalf of the associate in France or abroad, paid in respect of year n (including exceptional interim dividends and share of distributed capital gains) by the subscription price on January 1 n.

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.

Risque en revenu et en capital

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.

Risque de liquidité

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.

Risque de marché

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..

Risque de durabilité

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.

Risque lié à l'endettement

6 - Debt risk

The SCPI may use debt up to a limit 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 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.

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SCPI Patrimmo Commerce key figures

6,087
ASSOCIATES
89.4 %
FINANCIAL OCCUPATION RATE THE FINANCIAL OCCUPATION RATE IS THE SHARE OF THE RENTAL PAYMENTS, INVOICED OCCUPATION INDEMNITIES AND RENT COMPENSATION INDEMNITIES INCLUDED IN THE TOTAL OF THE CHARGEABLE RENTAL PAYMENTS IN THE HYPOTHESIS THAT THE WHOLE OF THE SCPI ASSETS ARE LEASED OUT.
250,554
M2 MANAGED
253
ASSETS
577
LEASES
1 Source: Primonial REIM France at 31 march 2023.
REAL-ESTATE ASSETS
GEOGRAPHICAL DISTRIBUTION
Shop walls
Retail parks
Commercial Galleries
Other (offices)
Activity / Logistics
Source: Primonial REIM France at 31 december 2022 - as a % of the market value of the assets
Region
Parisian Region
Paris
Belgium
Italy
Netherlands
Germany
Source: Primonial REIM France at 31 december 2022 - as a % of the market value of the assets

Patrimmo Commerce Investments

Patrimmo Commerce is largely made up of retail units in town/city centres, retail parks, shopping centres across France and the Euro Zone, all located within established catchment areas and perfectly integrated into the urban landscape and local retail environment.

Previous investments are not a reliable indicator of future investments.

Paris Batignolles
Commercial

Paris Batignolles

Paris 17, France
Rue de la République
Residential and hospitality

Rue de la République

Marseille, France
High Street Retail
Commercial

High Street Retail

10 cities, Belgium
High Street Retail
Commercial

High Street Retail

22 villes, Belgique
Rue de la République
Commercial

Rue de la République

Lyon, France
Rue des Minimes
Commercial

Rue des Minimes

Le Mans, France

Find an asset

There is a risk of capital loss that may be caused by fluctuations in property markets and/or currency exchange rates. Revenues are not guaranteed, they may rise or fall depending on how the trust performs. An SCPI is a long-term investment with a recommended investment period of 10 years. Liquidity is limited, the management company cannot guarantee the resale of shares. Past performances are not an indication of future performance.

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