What do you really offer your customers?
Anne Schwartz, General Director of PAREF Management: Our specificity is twofold. Our SCPIs are specialized by asset class (offices, commercial premises, logistics, retail or even residential) and by territory. In addition to France, we are a key player in SCPI investing in Europe: pioneer in Germany since 2014, since 2020 in Central Europe (Poland, Hungary, Czechia) and the Netherlands in 2021. This range of SCPI allows our distribution partners to respond specifically to the wealth ambitions of their clients. Our range thus makes it possible to satisfy various ambitions: capitalization, search for additional income, investments abroad or even tax advantages…
In addition, we have redesigned for these same partners an offer of services that we want to be modern, digital and local, allowing better monitoring of their clients’ portfolios and streamlining subscription procedures.
Can you tell us about your SCPI range? What are its specificities?
Matthieu Navarre, Commercial Director PAREF Management: We manage and offer investors 6 variable capital SCPIs. Novapierre Résidentiel, launched in 1996, is the first residential SCPI with a market capitalization of 325 million euros, of which almost 80% is located in Paris Intramuros. The (non-guaranteed) return objective is 6% per year through a periodic revaluation of the share price (essence of capitalization) and the payment of capital gains on disposals.
Novapierre 1 is a retail SCPI invested in France, created in 1997. With a capitalization of €187 million, the strength of this fund is its excellent regional diversification with excellent coverage of France and its main cities combined with exposure to all forms of retail trade: foot of buildings, city and local shopping centers, as well as commercial premises within commercial parks. The distribution target shown is around 4.60% (not guaranteed).
Interpierre France is the historical SCPI of PAREF Management. Founded in 1991, it is enjoying an excellent moment as evidenced by its target payout rate of 5.20%, reached in 2021, and obtaining the ISR seal in June 2022. With a capitalization of 225 million euros, its fair balance between offices at a human scale for 70% and commercial and logistics premises for 30%.
PAREF Management’s experience abroad is well established and is at the heart of our know-how. Pioneer in Germany, PAREF Management launched the first SCPI dedicated to this country in 2014. 2020 saw the deployment in Central Europe with a strategy focused on 3 countries, Poland, the Czech Republic and Hungary.
Our German range (Novapierre Germany and Novapierre Germany 2) specialize in retail properties and favors commercial parks city center or very close to the outskirts of medium-sized German cities, with an accounting rate between 4.20% and 4.60% after local taxes. The German portfolio in the two SCPIs now represents more than €900 million and Novapierre Germany 2 has started to gradually widen its investment horizon towards the Netherlands with a first asset acquired in 2021. This exposure is intended to remain limited but will allow diversification and an additional growth engine in a very dynamic market.
After 18 months of existence, Interpierre Europe centrale currently owns four assets for just under €35 million and is attracting growing investor interest despite the geopolitical backdrop. This SCPI is intended to invest in office and business real estate assets in Poland (Warsaw, Krakow, Wroclaw), Hungary (Budapest) and the Czech Republic (Prague), with a preponderant allocation in Poland, for tax purposes. Today, the portfolio is solely Polish and will gradually diversify into the other two countries, with a target distribution rate of more than 5% after local taxes.
How do you respond to this double challenge?
Sophie Bourguignon, Director of Funds and Investments PAREF Management: As a result of a committed reflection, the PAREF Group has formalized its approach to sustainable development in the form of a strategic plan “Create MORE” based on three pillars: REGenerate Nature, REunite People, REINFORCE Community. “Create MORE” thus places the need for a responsible approach as a 360° real estate player at the heart of the Group’s strategy and supports the creation of value for all customers, partners, tenants, shareholders and stakeholders.
Obtaining the SRI Seal for SCPI Interpierre France was an obvious goal for us. An objective because this first label constitutes a new step in the ESG strategy that the PAREF Group has set for itself. Obviously because it seemed natural to start our labeling process with one of our historical SCPIs.
Thus, a strong commitment has been made to the SCPI’s portfolio of office, commercial premises and logistics assets, in order to control the environmental footprint of the buildings in the portfolio and optimize the quality of working life of the tenants.
This vision, which is intended to be gradually extended to the rest of the range, thus makes it possible to respond to the expectations of investors in search of meaning, to act for the environment and the well-being of our tenants, while strengthening the portfolio, which is It will be strengthened with the work and the initiatives that this entails.
Source: BFM TV
