Capimmo

Only available as part of a life insurance policy

Capimmo Only available as part of a life insurance policy

Capimmo was created in 2007 and is the leading property placement plan with total net assets of over €5 billion at 31/12/2023.

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

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..

SCI Capimmo, a unit-linked investment available in life insurance

SCI Capimmo is :

  • a multi-asset class real estate fund. Capimmo's portfolio includes office, retail, health/education and residential properties.
  • a portfolio made up of different underlyings: ownership of buildings directly or via property companies*, unlisted collective property (SCPI, OPCI)*, listed financial instruments (property company shares) or collective cash management investments (UCITS or FIA intended for non-professional investors)

 

* including investments and holdings in FIAs managed by Praemia REIM France.

Cover video Capimmo

Capimmo is...

A placement which remains available

Thanks to an assembly that is unique to the market, 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

With net assets of almost €5 billion at 30/06/2024, Capimmo has a strong track record. This significant size, combined with a multi asset class property allocation with a focus on offices and geographical 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.

Capimmo is...
Capimmo is...
Capimmo is...

Praemia Capimmo key figures

Conditions of subscription to 15/11/2024

Minimum duration of investment : 8 years
5 136 136 132,38 €
NET ASSETS
at 15 November 2024
226,04 €
LIQUIDATED VALUE
at 15 November 2024
-12,92%
RESULTS (since 31.12.2023)
at 15 November 2024
189
NUMBER OF LINES
at 15 November 2024
-11,55%
NET RESULTS FOR 2023 EXCLUDING PLAN MANAGEMENT FEES
Capimmo documents

Annual results (%)

2023

2022

2021

2020

2019

2018

2017

2016

2015

2014

2013

-11,55

4,04

4,12

2,50

4,56

4,20

4,06

4,23

4,95

4,70

5,03

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
Direct real estate
Availabilities (stock of costs and rights, debts, receivables, etc.)
Uninvested cash
Invested cash
Source : Praemia REIM France at 15/11/2024 – as a % of value
Indirect real estate (excluding SCPI)
SCPI / OPCI
Direct real estate
Source: Praemia REIM France at 15/11/2024 – as a % of value
SECTOR DISTRIBUTION
SECTOR DISTRIBUTION
Offices
Retail
Residential
Healthcare
Hospitality
Logistics
Other
Source : Praemia REIM at 27/09/2024 – as a % of value
France
Germany
Benelux
Italy / Spain
Others
Source : Praemia REIM at 27/09/2024 – as a % of value

Where can you find Capimmo?

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

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 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 CAPIMMO is not always invested in the most lucrative markets or properties. The performance of CAPIMMO may be lower than the management objective and 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 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 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 Capimmo may take out loans at times.