SCPI Primopierre, a portfolio mainly composed of offices
Created in 2008, the SCPI Primopierre is the benchmark SCPI in its market for commercial real estate with a capitalization of over 3 billion euros. It invests on behalf of its clients with a view to potential returns, respecting an objective of diversification between different investments. It is aimed at any investor wishing to invest mainly in the office market in Ile-de-France, with a long-term perspective. The SCPI Primopierre is an SRI-labeled fund.
The leading SCPI for office buildings
With Primovie, a leader in health and education real estate, you invest indirectly in socially useful real estate sectors:
- modern, large-scale office buildings that fully meet the requirements of their corporate tenants
- office building assets located for the most part in Paris and its ‘First Ring’, a mature and structured market
- investments sited in the heart of Paris Primopierre benefits from the dynamic of the ‘Grand Paris’ project with its new investment opportunities, which will be highly profitable in the long term with the projected construction of new railway stations in certain urban centres
- an environmentally friendly approach integrated into both the real-estate investments and the management of existing properties.
- Full integration of environmental issues, from acquisition to management of the building,
- A non-financial rating of all assets on the basis of a proprietary rating grid comprising 90 indicators grouped into 7 themes,
- The implementation of improvement plans (load optimization, technological innovations, better prevention of technical incidents, works...),
- Ongoing dialogue with all stakeholders (property managers, service providers, tenants),
- A recently signed partnership with Deepki for the strategy of collecting and monitoring energy data from buildings, in a process of continuous improvement of environmental and social quality.
Why invest in Primopierre?
Assets mostly including office buildings located in the Ile-de-France, Europe’s largest spread of corporate property
Primopierre capitalises on the dynamic that has been set up in the Paris region, a region located right at the crossroads of all European and global exchanges and Europe’s largest concentration of corporate property; it achieves this by taking all of Paris region’s major investment opportunities into account, such as the 2024 summer Olympic Games and the region’s other major construction and modernisation projects, placing its priorities on the business quarters most sought after by corporate tenants.
An essentially recent portfolio including the new requirements of tenant companies
Primopierre is made up of buildings incorporating both numerous services and flexible workspaces thus meeting the new aspirations of employees and 2/3 of which offer environmental performance such as HQE, BREEAM and LEED.
A capitalization of more than € 3 billion, enabling it to position itself in assets of significant size
Primopierre is a leading SCPI in its market thanks to a significant capitalization and fundraising volume which allows it to invest in large assets occupied by leading companies (SNCF, Crédit Agricole, PSA, Samsung, etc.), leaders in their sector.
Become an SCPI Primopierre associate
Conditions of subscription to 30/09/2023
Past performance is not indicative of future performance.
SCPI created in 2008
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 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.
Simulate your investment in SCPI
SCPI Primopierre key figures
Primopierre is largely constituted of modern properties located mostly in Paris and its region’s business quarters, and benefiting from the business dynamic that has been set up within the region. These properties all meet modern business requirements in terms of environmental performance, services, workspace flexibility and are of great interest to major users who are seeking to rationalise their surface usage and costs.
Previous investments are not a reliable indicator of future investments.
Dueo Galeo Trieo
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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