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FR

SCPI Primovie

Funds participating in the support and patronage of the Necker Hospital

ARTICLE

Primovie, a socially useful SCPI

ARTICLE

Are SCPIs right for you?

Primovie, the leading SCPI in healthcare and education property

Created in 2012, Primovie is the first SCPI on the market to focus its investment policy on healthcare and education property in France and Europe, with over €4 billion in capitalisation. An innovative savings solution, Primovie meets society's needs for healthcare and education property, two sectors where there is a shortage of supply and which are by nature less exposed to economic cycles. The Primovie SCPI invests in France and in the euro zone to allow its members to benefit from significant investment opportunities and to return any real estate performance to them. The Primovie SCPI is an SRI-labelled fund.

Primovie label isr

The SCPI that favors health and education real estate

With Primovie, a leader in health and education real estate, you invest indirectly in socially useful real estate sectors:

  • Health sector, seniors and dependency: retirement homes, EPHPAD, MCO clinics (Medicine, Surgery and Obstetrics), senior residences
  • Education and early childhood sectors: nurseries, schools, universities, training centers
  • Each subscription of new SCPI units allows Praemia REIM France to make a donation to the Necker Enfants malades Hospital
Présentaion primovie
Primovie's SRI approach

Environmental objective (energy): To place each of the fund's real estate assets on a trajectory enabling it to reduce its final energy consumption by 40% in 2030.

Environmental objective (greenhouse gas emissions): To place the fund's portfolio of real estate assets on a trajectory that will enable it to contribute to achieving the national objective of carbon neutrality by 2050, in accordance with the National Low Carbon Strategy resulting from the 2015 Paris Agreements.

Social objective (health/comfort of occupants): To reduce the proportion of double rooms in the EHPAD estate managed by the fund.

Governance objective (supply chain management): To frame 100% of the significant works on the portfolio's real estate assets by a specific site charter integrating ESG clauses

Governance objective: To ad Praemia REIM France's ESG annex to 100% of new leases or lease renewals signed.

Primovie démarche ISR

Why invest in Primovie ?

1

Socially useful investments in a growth market

Primovie's investments are mainly driven by favourable demographic factors. Longer life expectancy, ageing and population growth in France and Europe call for a specific response to meet society's growing needs for real estate facilities in the health and education sectors.

2

Tenants developing an activity less exposed to economic cycles

Primovie acquires the premises of the establishments and entrusts the operation of the premises to the tenants, whose leases have an average duration of 9 to 12 years with a commitment to renew. As a true real estate partner, Praemia REIM France is committed to a close relationship with its tenants in order to best meet their needs and support them in their development ambitions. Primovie thus offers you greater visibility on the potential sources of income distributed by the SCPI.

3

Real estate assets selected and managed by specialised teams

Praemia REIM France has experts specialised by asset class who select real estate in France and in the euro zone in order to diversify the portfolio and the risks.

Become an SCPI Primovie associate

Conditions of subscription to 31/03/2024

Minimum duration of investment : 10 years
4,748,732,440 €
CAPITALISATION
at 31 March 2024
185 €/share
SUBSCRIPTION PRICE
169,74 €
WITHDRAWAL VALUES
10 shares
MINIMUM SUBSCRIPTION
4.55%
INTERNAL RATE OF RETURN (10 years) (2014-2023) 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.
4.21 %
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 2023

Past performance is not an indication of future performance.

Customers with pending withdrawal requests in the share register can obtain their rank, as well as the number of shares and the amount pending withdrawal positioned in front of their order in the register, by making a request to the Customer Relations Department via the client space.

Past annual performance of the SCPI Primovie

This chart shows the fund's performance in percentage loss or gain per year over the last 10 years.
TDVM until 2020 and distribution rate from 2021 onwards

SCPI created in 2012

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.

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 40% 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 Primovie key figures

49,245
ASSOCIATES
96.9%
FINANCIAL OCCUPATION RATE The financial occupancy rate expresses the share of rents, invoiced occupancy indemnities and rental compensation indemnities in the total billable rents, assuming that all of the SCPI's assets were rented. This rate is measured on the last working day of the past calendar quarter for the three months making up that quarter.
1,664,942
M2 MANAGED
304
ASSETS
453
LEASES
1 Source: Praemia REIM France at 31 march 2024.
REAL-ESTATE ASSETS
GEOGRAPHICAL DISTRIBUTION
Healthcare / Senior
Offices
Education
Hospitality
Source: Praemia REIM France at 31/03/2024 - as a % of the market value of the asset
Parisian region
Region
Germany
Paris
Italy
Spain
Netherland
Belgium
Source: Praemia REIM France at 31/03/2024 - as a % of the market value of the asset

Primovie investments

Primovie is largely constituted of public interest properties within the healthcare, retirement homes, care and education sectors, mostly located in France or the Euro Zone, depending on investment opportunities for long-term leasing.

Previous investments are not a reliable indicator of future investments.

Zaffiro
Healthcare and education real estate

Zaffiro

Rivignano, Italie
Pôle santé Léonard de Vinci
Healthcare and education real estate

Pôle santé Léonard de Vinci

Tours, France
Poliscare
Healthcare and education real estate

Poliscare

Faenza, Cotignola, Lecce, Italie
International School of Milan
Healthcare and education real estate

International School of Milan

Milan, Italy
Clinique Le Terrazze
Healthcare and education real estate

Clinique Le Terrazze

Milan, Italie

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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