What AESTIAM does

AESTIAM is a French portfolio management company (Société de Gestion de Portefeuille) authorized by the Autorité des Marchés Financiers under GP-14000024, specializing in collective real estate investment through SCPI (Sociétés Civiles de Placement Immobilier) and SCI vehicles. Founded in 1974 and rebranded to AESTIAM in 2020 following its acquisition by BlackFin Capital Partners, the firm manages €1.4 billion in assets across five SCPIs — Aestiam Horizon (offices, ISR-labeled), Aestiam Agora (retail), Le Patrimoine Foncier (offices, heritage-oriented), Pierrevenus (diversified, distributed via AVIVA insurance), and Linaclub (pan-European diversified via Linavest) — plus SCI Linasens, a life-insurance-only vehicle distributed through eight insurers. Capitalization is concentrated in Aestiam Agora (€468M) and Aestiam Horizon (€380M). Distribution rate across the core funds ranges from 4.50% (Agora) to 7.10% (Linaclub), with three-year ESG score improvement on Horizon from 16.2 to 37.5.

The firm operates a hybrid go-to-market model combining direct subscription (minimum tickets from €1,160 to €5,000), a network of independent wealth management advisors (CGP), family offices, and institutional investors served by dedicated partnership managers organized by geographic zones, and insurance distribution via partnerships with INTENCIAL Patrimoine and AVIVA. It generates revenue through three streams: recurring SCPI management fees on €1.4B AUM, primary-market subscription commissions (typically 5–12% of subscription price), and secondary-market cession commissions. The customer base of 10,000+ individual investors is complemented by institutional and life-insurance contract holders; there are no enterprise SaaS-style contracts — revenue correlates directly with AUM and net subscriptions.

Since the 2020 BlackFin acquisition, AESTIAM has executed a deliberate transformation: refreshing leadership under Alexandre Claudet, expanding the senior team in investments and commercial development, restructuring the product lineup (2025 mergers creating Aestiam Horizon and Aestiam Agora), launching Linaclub and SCI Linasens, and pursuing ISR ESG certification. The company is headquartered in Paris (90 rue de Miromesnil) with a customer-relations office in Tours, has 11–50 employees, and is privately held under BlackFin Capital Partners' control.

Name

AESTIAM

Legal name

Aestiam SASU

Website

https://aestiam.com

Company type

Private

Founded year

1974

Operating status

Operating

Headcount range

11–50 employees

Short description

AESTIAM is a Paris-based, AMF-regulated SCPI management company managing €1.4 billion across 5 SCPIs and 1 SCI, serving over 10,000 individual investors in France through wealth advisors, insurance distributors, and direct subscription channels.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Real Estate Investment Trusts (6798), Investment Advice (6282)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Estate & Legacy Planning Advisory (FSAEAAAG)

Keywords

• SCPI management
• Collective real estate investment
• Portfolio management services
• Real estate asset management
• Wealth management solutions

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. SCPI Management Fees: Aestiam generates revenue through management fees charged on SCPI assets under management. The company manages 5 SCPI products and 1 SCI with €1.4 billion in assets under management (as of 31/03/2026).
2. Subscription Commissions: The company receives subscription commissions when new shares are issued on the primary market, typically ranging between 5% and 12% of subscription price.
3. Cession Commissions: Commissions related to secondary market share exchanges, covering charges for secondary market management.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

AESTIAM is a French AMF-regulated portfolio management company specializing in SCPI (Sociétés Civiles de Placement Immobilier) collective real estate investment vehicles. The company manages 5 SCPI funds and 1 SCI representing €1.4 billion in assets under management (as of 31/03/2026), offering diversified real estate exposure across office, retail, and pan-European assets. Their products enable individual investors and wealth management advisors to access professionally managed real estate portfolios with minimum subscriptions starting from under €5,000, with quarterly dividend distribution and active asset management.

Product overview

AESTIAM is a French portfolio management company (Société de Gestion de Portefeuille) offering a suite of 5 SCPI (Société Civile de Placement Immobilier) funds and 1 SCI, all structured as long-term real estate investment vehicles. The portfolio comprises: Aestiam Horizon (offices, formerly Aestiam Placement Pierre), Linaclub (diversified paneuropean, commercialized by Linavest), Aestiam Agora (retail/commercial, formerly Aestiam Pierre Rendement), Le Patrimoine Foncier (offices with heritage focus), Pierrevenus (diversified, distributed via AVIVA insurance), and SCI Linasens (life-insurance-only access). Together these represent €1.4 billion in assets under management as of March 31, 2026. Aestiam emphasizes a 'taille humaine' (human-scale) investment philosophy focused on medium-sized, well-located assets across French territories.

Differentiator

Problem solved

Functional benefit

Brands

• Aestiam Horizon: SCPI de bureaux à taille humaine - office SCPI with human-scale approach
• Linaclub
• Aestiam Agora
• Le Patrimoine Foncier
• Pierrevenus
• SCI Linasens

Products and services

• Aestiam Horizon Office-focused SCPI (Société Civile de Placement Immobilier) investing primarily in commercial office properties, marketed as 'La SCPI de bureaux à taille humaine.' Capitalization €380M, 5.10% Global Annual Performance 2025, 8.63% TRI over 20 years. Holds the ISR (Investissement Socialement Responsable) label renewed through January 2029. Designed for investors seeking diversified, professionally managed office real estate exposure.
• Linaclub Diversified pan-European SCPI commercialized by Linavest, focused on alternative/operating assets with a tenant-aligned investment strategy. Capitalization €6.61M, 7.10% Global Annual Performance 2025, €2,000 minimum subscription. Designed for investors seeking future-oriented, European real estate diversification.
• Aestiam Agora Retail/commercial-focused SCPI investing in commercial properties and retail parks, positioned as 'La SCPI de commerces à taille humaine.' Capitalization €468M, 4.50% distribution rate, 7.87% TRI over 20 years. Designed for investors seeking diversified exposure to retail/commercial real estate.
• Le Patrimoine Foncier Office-focused SCPI positioned as a blend of history and modernity, investing in office real estate with a heritage angle. Capitalization €123M, 5.23% Global Annual Performance 2025, 10.69% TRI over 20 years. Designed for long-term patrimonial investors seeking office real estate exposure.
• Pierrevenus Diversified SCPI investing across multiple property types, described as 'La SCPI diversifiée à taille humaine.' Capitalization €211M, 5.00% distribution rate, 7.22% TRI over 20 years. Distributed through life insurance contracts. Designed for investors seeking diversified real estate exposure via insurance wrappers.
• SCI Linasens Société Civile Immobilière (SCI) exclusively accessible through life insurance (assurance-vie) contracts, distributed via 8 insurance distributors. €162M capitalization, 5% target performance. Designed for policyholders seeking tax-efficient real estate exposure via life insurance unit-linked products.

Quantifiable outcome

• Aestiam Horizon: 5.10% Global Annual Performance 2025, €380M capitalization, 8.63% TRI over 20 years
• +5 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• ASPIMcoreStrategic or Co-development PartnerAestiam is a member of ASPIM (Association Française des Sociétés de Placement Immobilier), a non-profit association representing SCPI and OPCI management companies. ASPIM represents members' interests before public authorities and the AMF.
• LinavestcoreChannel Partner/ Reseller/ DistributorLinavest commercializes the SCPI Linaclub, a pan-European diversified product. Linaclub pursues investment strategy focused on operating assets directly linked to tenants' business activities.
• INTENCIAL PatrimoinecoreChannel Partner/ Reseller/ DistributorINTENCIAL Patrimoine, brand of Groupe APICIL dedicated to wealth management advisors, distributes Aestiam Placement Pierre and Pierrevenus SCPI products through their insurance contracts. Serves over 1,800 wealth management cabinets.
• ConsultimminorChannel Partner/ Reseller/ DistributorAestiam partnered with Consultim for road-show events across France to engage with wealth management professionals and present SCPI investment opportunities.
• Turenne GroupeminorChannel Partner/ Reseller/ DistributorPartner in joint events with Aestiam for wealth management professional engagement.
• Ginjer AMminorChannel Partner/ Reseller/ DistributorPartner in joint events with Aestiam for wealth management professional engagement.

Scale indicators5 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Primonial REIM: One of France's largest SCPI/REIT managers with broad office, retail, and diversified funds. Directly competes with Aestiam for CGP shelf space and institutional mandates, and benefits from significantly greater AUM scale.
• Sofidy: Major French SCPI/REIT manager with diversified product portfolio spanning offices, retail, residential, and specialized assets. Direct competitor in CGP distribution with broader AUM base and stronger brand recognition.
• Paref Gestion: Independent French SCPI manager with a long history and similar boutique/human-scale positioning. Direct competitor for CGP recommendation and retail investors seeking diversified real estate exposure.
• La Française Real Estate Managers: Established French SCPI manager competing in office, retail, and diversified real estate funds. Directly comparable in CGP distribution and product breadth, with deeper institutional penetration.
• PERIAL Asset Management: Direct French SCPI/REIT manager with multi-decade history and broad product suite. Highly comparable as Alexandre Claudet (Aestiam's CEO) was formerly Directeur Général Délégué at PERIAL. Competes in the same CGP and institutional distribution channels.
• Atland Voisin: Independent French SCPI manager where Aestiam's CEO Alexandre Claudet was previously Directeur Général. Direct competitor with similar boutique positioning and CGP-focused distribution.

Others

• Foncia (Pierre Gestion legacy): Historic corporate parent of Aestiam (formerly Foncia Pierre Gestion). While no longer the parent, the legacy connection is relevant context; Foncia operates residential property management rather than direct SCPI competition.

Emerging players

• Kyaneos Asset Management: Niche French SCPI manager focused on residential and ESG-oriented real estate funds. Competes with Aestiam in the labelled/responsible investment segment, particularly with Aestiam Horizon's ISR positioning.
• Novaxia: Emerging French real estate investment manager with newer SCPI-style products. Partial overlap in distribution and investor base; multiple former Novaxia employees have joined Aestiam (Bruno Pauly, Mélissende Debarge, Paul-Emile Tilhet).

Broad incumbents

• Amundi Real Estate (Société Générale): Broad incumbent offering SCPI products as part of a much larger asset management group. Competes with Aestiam in retail/institutional real estate funds but with vastly greater scale, distribution, and balance sheet support.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@aestiam
• LinkedInlinkedin.com/company/aestiam1/?originalSubdomain=fr

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AESTIAM