Like many asset management companies, La Française REM is facing major liquidity challenges after a 2023 year in which net inflows to its SCPIs amounted to just €11 million. We have around €780 million in SCPI units on the backlog, roughly a third of the market for units on the backlog, even though our capitalization only represents around 15% of the market," explains Philippe Depoux, Chairman of La Française REM. This can be explained by the large proportion of insurers and institutional investors among our SCPI unit subscribers."
[EXCLUSIVE] La Française REM: behind the scenes of a €500 million disposal plan
"To cope with redemption requests for SCPI units, particularly from insurers, La Française REM has set up an asset disposal program," explains Philippe Depoux, Chairman of La Française REM. The management company has set itself the target of selling €500 million of assets by the end of 2024... without compromising on appraisal values. An exclusive look behind the scenes of an arbitrage plan.
Business Immo
May 6, 2024 | 12:00 P.M.
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