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diversipierre real estate uci

BNP Paribas Diversipierre

Real Estate Investment

Real Estate Undertaking for Collective Investment

OPCI Diversipierre

BNP Paribas Diversipierre is a vehicle that allows you to diversify your savings in real estate. You can access it in units of account within life insurance policies or investment contracts.

  • Minimum subscription amount:
    €100

In detail

A product that invests in real estate

55% of assets investeDin tangible real estate

BNP Paribas Diversipierre invests in commercial real estate (offices, businesses, logistics, etc.) in France and other euro zone countries.

A product that invests in underlying real estate financial assets

40% of assets investedin real estate shares and mortgage-backed securities

BNP Paribas Diversipierre invests a significant part of its assets in financial markets and in real estate-dependent financial assets whose performance is linked to financial market variations.

Favorable taxation

BNP Paribas Diversipierre is availablethrough your life insurance policy or investment contract

You can access BNP Paribas Diversipierre starting at 100 euros within life insurance policies or investment contracts in units of account and in your Financial Instruments Account.

BNP Paribas Diversipierre is not eligible for the Equity Savings Plan.

Investing in the long-term

An environmentally-friendly approachthat establishes your long-term investment

BNP Paribas Diversipierre has adopted an environmentally-friendly approach for its tangible real estate management and a socially responsible investing process for its financial investment management.

The recommended term of your investment is 8 years.

Further details

Please note

BNP Paribas Diversipierre is an innovative product that allows you to invest primarily in 3 types of real estate investments:

  • Tangible real estate, whose performance depends primarily on real estate market variations
  • Real estate shares, whose performance depends primarily on (long-term) real estate market variations and (short-term) financial market variations
  • Mortgage-backed securities, whose performance depends primarily on interest rate variations and, to a lesser extent, on real estate market variations

Detailed Features of

BNP Paribas Diversipierre

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  • Investment policy and objective
  • Risk and Return Profile
  • Fees
  • Past annual performance
  • Practical information
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Investment policy and objective

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The Management Company seeks to capture the performance of real estate markets by selecting real estate in different sectors (offices, businesses, warehouses, etc.) in France and euro zone member states, and by allocating a significant part of its assets to underlying real estate financial products whose performance is linked to financial market variations. These products are primarily composed of real estate company stocks and mortgage-backed securities.

The recommended term of investment is a minimum of 8 years.

The strategy of the BNP Paribas Diversipierre Real Estate UCI is to invest all of its assets in real estate and financial instruments whose underlying is linked to the real estate sector, with the exception of a liquidity source representing at least 5% of the Real Estate UCI's assets at any time.

Both directly and indirectly held real estate will represent at least 51% of the Real Estate UCI asset value with a target of 55%, with the condition that the real estate and listed real estate securities must together represent at least 60% of asset value. Financial securities, with the exception of liquidity, will represent at least 44% of assets. These products' performance particularly is linked to financial market variations.

In the event of unfavorable market conditions or a sharp drop, the portion of real estate assets may reach 95% of the Real Estate UCI's assets. If there is a sharp rise, the real estate allocation may be less than the target due to delays inherent in collected capital investments.

Up until 3 years after the Real Estate UCI approval date, the asset composition may differ significantly from the proportions listed below. In particular:

  • Given the time periods necessary for making a real estate purchase, the portion of tangible real estate within the Real Estate UCI's assets may be less than 51% and may vary significantly in either way from the target investment proportion of 55% in tangible real estate
  • The portion of financial assets may occasionally represent more than 44% of the Real Estate UCI's assets
  • The liquidity may be more than 5% of the Real Estate UCI's assets during this period and may occasionally reach 100% of the Real Estate UCI's assets before the first real estate investment

This Real Estate UCI will adopt an environmentally-friendly management approach for its tangible real estate, as well as a socially responsible investment process for its financial securities management.

Prior to financial analysis of holding companies or issuers, this process provides two successive application filters, narrowing down the selection of companies or issuers that comply with international rules and standards, as well as the comparison and hierarchization of these companies or issuers according to environmental, corporate and governance criteria.

This Real Estate UCI may use debt in order to finance the purchase or conservation of real estate assets for property rehabilitation or refurbishment programs, in particular. The debt ratio will be limited to 40% of the real estate asset value, as long as the target debt ratio is less than 20% of these assets' value. In accordance with regulations, this Real Estate UCI will distribute at least 85% of its annual revenue and 50% of the capital gain made on real estate.

The sign-up and repurchasing requests are centralized with the Custodian on the Net Asset Value Issue Date before 12:00 pm. The Net Asset Value is issued on the 15th of each month* and on the last business day of each month.

* : if the 15th is not a business day, the Net Asset Value Issue Date will then be the last business day before the 15th of that month.

Important points
Given the BNP Paribas Diversipierre asset structure, its performance may vary from that of the real estate market.
Until 3 years after BNP Paribas Diversipierre's approval date, the allocation of real estate, financial and liquid assets may differ significantly from regulatory and target ratios.
In the event of unfavorable market conditions or a sharp drop, the portion of assets invested in tangible real estate may occasionally reach 95% of BNP Paribas Diversipierre's assets.
The Real Estate UCI may use debt, in particular, to finance the purchase or conservation of real estate assets at 20% of the real estate asset value. Real estate market fluctuations may significantly reduce debt repayment capacity and credit market fluctuations may reduce funding sources and noticeably increase funding costs. In the event of unfavorable market conditions, the debt ratio may reach a maximum of 40% of the real estate asset value.

BNP Paribas Diversipierre involves a risk of capital loss.

Before investing in the BNP Paribas Diversipierre Real Estate UCI, you should carefully read the Key Information Document for the Investor (DICI), the regulatory document approved by the French Financial Markets Authority (AMF).

FAQ ()

  • What is a Real Estate UCI?
  • A Real Estate UCI is an Undertaking for Collective Investment that is fully or partially invested in real estate. A Real Estate UCI is a real estate vehicle of which the structure and legal framework is largely inspired by that of Undertakings for Collective Investment in Transferable Securities (UCITSs). The BNP Paribas Diversipierre Real Estate UCI was established as an investment company with variable capital investing primarily in real estate (SPPICAV).
  • What are real estate shares?
  • Real estate shares are titles of ownership in a company whose purpose is the establishment, management and operation of real estate assets. These companies may invest either in a specific sector (offices, businesses), or in several sectors and several countries.
    Real estate share increases or decreases are notably linked to financial and real estate market variations.
  • What is a mortgage-backed security?
  • A mortgage-backed security is a debt security issued by a financial institution and guaranteed by mortgage loans on properties.
    Increases and decreases in mortgage-backed securities are notably linked to financial market variations and, to a lesser extent, real estate market variations.

In addition

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