FUNDS

Core European Series (ICE)

NOVAPIERRE Allemagne

NOVAPIERRE Allemagne is a French SCPI investing in retail assets across Germany.

NOVAPIERRE Allemagne was launched in 2014 by PAREF Gestion, a French SCPI management company. INTERNOS acts as the Investment Manager and Asset Manager of the Fund in Germany.

NOVAPIERRE Allemagne is the first French investment fund dedicated to retail investors to be 100% invested abroad. PAREF Gestion acts as the fund manager (AIFM) for the investment fund.

The concept has been highly attractive to both retail and small institutional investors as it benefits from the strong image of Germany combined with a favourable tax treatment in both Germany and France.

NOVAPIERRE Allemagne invests exclusively in retail properties in Germany targeting mainly the German specific retail parks (“Fachmarktzentrum”) but has extended its portfolio to small shopping centres, stand-alone supermarkets and DIY shops. INTERNOS has implemented an active acquisition program, acquiring over €200 million of assets since inception.

RISK PROFILE

  • % of fund Core/Core+ (by valuation) 100 %
  • % of fund Value Add (by valuation) 0%
  • % of fund Opportunistic (by valuation) 0%
MANAGER

PAREF Gestion

STRUCTURE

SCPI

ASSET-CLASS

Real Estate

INVESTMENT UNIVERSE

German Retail

INVESTMENT STYLE

Core +

INCEPTION / DURATION

Open-Ended

PLANNED EQUITY

€400 million

PLANNED TOTAL INVESTMENT VOLUMES

€600 million

GEARING

Max 40%

TARGET LOT SIZE

€5 – €50 million

INITIAL TARGET RETURNS

N/A

TOTAL EXPENSE RATIO (TER)

N/A

GEOGRAPHIES

INTERNOS Global Investors
www.internosglobal.com
OWNER MANAGED – INDEPENDENT – INTERNATIONAL
Phone: +44 (0)20 7355 8800   Fax : +44 (0)20 7355 8801

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