SCPI Patrimmo Croissance Impact was created in 2014; it mostly invests its capital in the bare ownership of residential units which will be rented out as council housing or intermediary housing.
These acquisitions may involve existing of off-plan properties. The usufruct is acquired by social landlords. Patrimmo Croissance Impact therefore does not aim to distribute revenue but to capitalise on the potential performance involved when regrouping the full ownership of neighbouring property assets corrected by any capital gains or losses calculated during the annual valuation of these assets and generated when they are sold.
The only SCPI that concentrates its investment on the bare ownership of residential units
An asset value performance objective
With Patrimmo Croissance Impact you will be indirectly investing in social and intermediary properties:
- Primonial REIM France makes a priority of selecting programs located in urban residential areas with significant housing demands.
- The usufruct is acquired by social landlords who take charge of managing the rental of the properties within the framework of a property division convention agreed with the SCPI.
Each property is usually sold at the end of the division period. Most of the income from the sale will then be reallocated for further residential bare ownership acquisitions such that you can potentially benefit from increasing share values.
As an impact fund, the SCPI Patrimmo Croissance Impact aims to :
Why invest in Patrimmo Croissance Impact?
A bare-ownership SCPI ideal for long-term investment placements
Patrimmo Croissance Impact aims to generate long-term capital gains through the monthly evolutions to the value of its shares which may rise or fall as the property market changes.
Targeted investments in areas experiencing strong housing demand
Patrimmo Croissance Impact mainly targets social and intermediate housing in metropolitan areas and towns with high rental demand by facilitating the residential path of residents and developing urban diversity. Paris, Bordeaux, Nice, Antibes, Levallois-Perret *, are all examples of cities targeted by the Primonial REIM France teams which present, according to their convictions, a strategic investment opportunity in a logic of valuing the heritage of Patrimmo Croissance Impact on the long term.
* Previous investments are not a reliable indicator of future investments.
Expert teams in their field of intervention
Primonial REIM France teams, specializing in residential real estate, select real estate developed by national level developers and leased to social landlords recognized in their sector.
Become an SCPI Patrimmo Croissance Impact associate
Conditions of subscription to 01/12/2023
Provisional changes to the subscription price and withdrawal fee
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 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.
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 Patrimmo Croissance Impact key figures
Patrimmo Croisance Impact investments
SCPI Patrimmo Croissance Impact, an investment policy oriented towards bare ownership of residential properties
Patrimmo Croissance Impact mostly invests in the bare ownership of existing or off-plan residential units for use as social or intermediary housing in France.
Previous investments do not give any indication of the potential performance of future investments.
Le Clos Savaron
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.