What ALDERAN does

ALDERAN is an independent French portfolio management company (Société de Gestion de Portefeuille) headquartered in Paris, founded in 2015 by Rémy Bourgeon and Alain Mallart and holding AMF approval (GP-17000026) since September 2017. The firm manages approximately 60 real estate and collective investment professionals and operates a regulated investment platform of six fund vehicles targeted at both retail investors (via SCPI products) and professional/institutional clients (via OPPCI, Club Deal co-investments and dedicated management mandates). Its flagship product, SCPI ActivImmo (launched 2019), was the first SCPI in Europe dedicated to logistics and activity premises and invests at least 70% of its portfolio in logistics, warehousing and activity assets across France and major EU metropolitan areas; a second vehicle, SCPI Comète (2023), provides diversified international exposure outside metropolitan France.

The business generates revenue through SCPI management fees (10% of collected revenues, 12% incl. VAT), subscription commissions (up to 10.6% / 12.72% incl. VAT), transaction commissions on acquisitions and disposals (1% HT), and works-monitoring fees (3% HT). Distribution is led through independent wealth-management advisors (CGP/CGPI), supplemented by a six-person internal sales team, an authenticated client portal (Falcon.alderan.fr) and a public investment simulator; professional mandates and OPPCI vehicles (notably OPPCI Organa III, in partnership with PGIM Real Estate) are placed directly with institutional investors.

The operating and technology stack combines proprietary ESG tooling (a 9-indicator ESG scoring grid, mandatory environmental annexes in leases, photovoltaic installations on forward-delivery assets, and a pre-acquisition ESG due diligence process) with third-party integrations: Deepki for energy and GHG data monitoring across the ActivImmo portfolio, Alterea for thermal simulation, SGSS as depositary, JLL Expertises for valuations, and BM&A as statutory auditor. Recent strategic activity includes the July 2025 disposal of the four-asset Warenet logistics portfolio (~109,000 m²) for approximately €80 million, a December 2025 partnership with Club Med for the development of Club Med Tremblant in Canada (opening December 2028), and a May 2026 reduction of ActivImmo's minimum subscription from 10 shares (€6,100) to 1 share (€610).

Name

ALDERAN

Legal name

ALDERAN, Société de Gestion de Portefeuille

Website

https://alderan.fr

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

ALDERAN is an independent French AMF-regulated real estate portfolio manager that runs six regulated fund vehicles — including SCPI ActivImmo (logistics-focused) and SCPI Comète (international diversified) — serving retail investors via wealth advisors and professional/institutional investors via OPPCI, Club Deal and dedicated mandates.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Vehicles (52599), Offices of Real Estate Agents and Brokers (531210), Offices of Real Estate Agents and Brokers (53121)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Commercial Real Estate Asset Management (BPAJAMAB)

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Real Estate Private Credit (CRE Debt) (FSANADAG), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Real estate asset management
• SCPI investment funds
• Logistics real estate
• Portfolio management company
• Wealth management services

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices4 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. Management Fees (Commission de gestion): ALDERAN charges a management fee of 10% (12% incl. VAT) on all revenues collected by the SCPI, including rental income and net financial products. This is the primary recurring revenue stream from SCPI operations.
2. Subscription Commission (Commission de souscription): A subscription commission of up to 10.6% (12.72% incl. VAT) of the subscription price of SCPI shares is charged to cover capital raising and investment execution costs. For ActivImmo at €610 per share, this represents up to ~€64.66 per share.
3. Asset Acquisition Commission: A 1% HT (1.2% TTC) fee on the acquisition price of assets (excluding transfer duties), charged on each property purchase made by the SCPI.
4. Asset Disposal Commission: A 1% HT (1.2% TTC) fee on the sale price of assets (excluding transfer duties), charged on each property disposition by the SCPI.
5. Works Monitoring and Management Commission: A 3% HT (3.6% TTC) fee on the actual amount of renovation and improvement works carried out on the real estate portfolio.
6. OPPCI Fund Management: ALDERAN manages professional real estate investment funds (OPPCI Organa III) on behalf of institutional and professional investors, generating management fees from these regulated fund structures.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels9 records

Core offering

ALDERAN is an independent real estate asset management company (Société de Gestion de Portefeuille) that manages regulated collective investment funds in real estate. Its core offering comprises two flagship SCPI products — SCPI ActivImmo (the first SCPI dedicated to logistics and activity premises in Europe) and SCPI Comète (a diversified international SCPI) — complemented by professional investment vehicles (OPPCI/Organa), bespoke Club Deal co-investment structures, and dedicated management mandates for institutional clients.

Product overview

ALDERAN is an independent portfolio management company offering multiple real estate investment solutions. The core offering consists of two SCPI products: ActivImmo (specialized in logistics and activity real estate across Europe, launched 2019) and Comète (international diversified SCPI). These are complemented by professional investment vehicles (OPPCI/Organa), Club Deal structures for bespoke investments, and dedicated management services. The company serves retail investors (via SCPI products starting at 610 euros), professional investors, and institutional clients through approximately 60 professionals managing regulated funds.

Differentiator

Problem solved

Functional benefit

Brands

• SCPI ActivImmo: First SCPI dedicated to logistics and activity premises, launched in 2019. Invests primarily in tertiary real estate focused on logistics, warehouses, messenger services, and logistics (minimum 70%), with optional investment in offices or retail (up to 30%). Investment zone: France and major European Union metropolises.
• SCPI Comète

Products and services

• SCPI ActivImmo The first SCPI dedicated to logistics and activity real estate in Europe. Invests in tertiary real estate focused on logistics warehouses, activity spaces, and messenger facilities (minimum 70%), with offices or retail up to 30% of portfolio value. Investment zone covers France and major European Union metropolises. Available to retail and HNW investors from 1 share (€610) since May 2026, with an 8-year recommended holding period.
• SCPI Comète A diversified SCPI investing exclusively internationally (outside metropolitan France) within European metropolitan areas or potentially at broader international level. Targets international real estate opportunities with tax advantages for non-French tax resident investors. Minimum subscription: 20 shares at €250 per share (€5,000 minimum).
• Club Deal A bespoke co-investment solution reserved for professional and/or 'averti' (warned) investors, structured around specific real estate operations proposed by ALDERAN. Minimum unit investment of €100,000 per AMF regulatory definition. Designed to provide investors with access to off-market logistics deal flow and co-investment opportunities alongside institutional partners.
• OPPCI (Organa) Professional investment vehicles (Organa III) providing favorable tax treatment, reserved for professional investors seeking performance primarily through capitalization. The Organa III fund is dedicated to logistics and activity premises and operates in partnership with PGIM Real Estate.
• Gestion Dédiée (Dedicated Management) A dedicated investment management service where the partner (institutional or professional investor) decides on the investment strategy and ALDERAN's experienced team executes the strategy on their behalf through discretionary management mandates.

Quantifiable outcome

• LED lighting upgrade at the Alizay 7,000+ m² site reduces tenant energy costs by approximately 15–20% annually, with investment amortized in 3–4 years.
• +5 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature5 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Club MedminorStrategic or Co-development Partner · 16 December 2025ALDERAN partnered with Club Med for the development of Club Med Tremblant, a new premium all-inclusive mountain resort scheduled to open in December 2028 in the Laurentians region of Canada. ALDERAN acts as the management/real estate partner alongside Club Med's resort brand.
• M7 Real EstateminorChannel Partner/ Reseller/ Distributor · 22 July 2025M7 Real Estate acted as the buyer/representative for a joint venture between Oxford Properties (OMERS' real estate arm) and AustralianSuper in acquiring the Warenet logistics portfolio from ALDERAN's OPPCI Organa III. The transaction involved the sale of four logistics warehouses (109,000 m²) for approximately €80 million.
• Société Générale Securities Services (SGSS)coreOthersSGSS serves as the depositary bank (Dépositaire) for ALDERAN's SCPI ActivImmo. As depositary, it holds the fund's assets, ensures the regularity of ALDERAN's management decisions, and provides custody and account-keeping services.
• Jones Lang LaSalle Expertises (JLL)coreOthersJLL Expertises serves as the independent real estate appraiser (Expert Immobilier en Évaluation) for SCPI ActivImmo, providing periodic valuations of the fund's real estate assets for regulatory and reporting purposes.
• BM&A SAS (Commissaire aux Comptes)coreOthersBM&A SAS, represented by Madame Marie-Cécile Moinier, serves as the statutory auditor (Commissaire aux Comptes) for SCPI ActivImmo, providing independent financial audit services required by French financial regulations.
• DeepkicoreTechnology or IntegrationALDERAN deployed Deepki's ESG monitoring platform across all SCPI ActivImmo assets. Deepki automatically compiles energy supplier data, provides a single interface for tenant data exchange, and ensures traceability and centralization of collected annual data for GHG emissions and energy consumption tracking.
• France SCPI (Media Partner)minorGTM or Marketing PartnerFrance SCPI, a media and information platform dedicated to SCPI investing, features ALDERAN's executives (Rémy Bourgeon, Miranda Khabiri) in video interviews and podcasts discussing SCPI strategy, logistics real estate, and market trends.
• CGP/CGPI Advisor NetworkcoreChannel Partner/ Reseller/ DistributorALDERAN distributes its SCPI products through a network of independent wealth management advisors (Conseils en Gestion de Patrimoine / CGPI). These advisors recommend ALDERAN's SCPI ActivImmo and Comète to their private client investor base, serving as the primary distribution channel.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Primonial REIM: One of the largest French SCPI and real estate investment managers, operating multiple SCPI vehicles (including logistics/diversified themes) and OPPCI vehicles. Directly comparable to Alderan in SCPI product structure, CGP distribution model, and target investor base.
• Perial Asset Management: Independent French SCPI and OPPCI manager with multiple SCPI vehicles across real estate themes. Directly comparable to Alderan as a French independent asset manager competing for CGP distribution and retail investor capital through SCPI products.
• Sofidy: Independent French asset manager operating multiple SCPI vehicles across themes (logistics via Sofilog, retail, healthcare, residential) and competing in the same CGP distribution ecosystem. Directly comparable to Alderan's specialty/thematic SCPI positioning.
• La Française Real Estate Managers: Major French SCPI manager with a diversified SCPI portfolio spanning residential, office, retail, hospitality, and logistics. Comparable to Alderan in product breadth (multiple SCPI vehicles) and in CGP-led distribution of regulated real estate collective investment vehicles.
• Corum Asset Management: Independent French SCPI manager best known for international SCPI vehicles (Corum Origin, Corum XL, Corum Eurion). Most directly comparable to Alderan in the international SCPI segment, where Corum pioneered non-French geographic exposure similar to Comète's mandate.
• Atland Voisin: French independent asset manager specializing in SCPI products (including logistics via Altixia Commerces and other thematic vehicles) distributed primarily through CGP networks. Directly comparable to Alderan in specialty SCPI product design and CGP-led GTM motion.

Others

• PGIM Real Estate: Global institutional real estate investment manager and current co-investor alongside Alderan in OPPCI Organa III. Comparable as an institutional real estate capital partner and as a reference for institutional logistics underwriting standards applied to Alderan's OPPCI vehicles.

Emerging players

• Novaxia Investissement: French thematic real estate investment manager (SCPI, OPPCI, club deals) with a focus on urban regeneration and 'new real estate' themes. Comparable to Alderan as a smaller, theme-driven French SCPI challenger targeting CGP distribution and retail investors.

Broad incumbents

• Amundi Immobilier: Real estate arm of Amundi, the largest European asset manager, offering multiple SCPI vehicles and OPPCI products at scale. Comparable as a broad incumbent SCPI manager, but with materially larger AUM and broader product portfolio than Alderan's specialist franchise.
• NAMI-AEW Europe: European real estate asset manager with French SCPI and institutional mandates. Comparable to Alderan as a SCPI manager competing in the French CGP channel, with broader AUM scale and multi-sector exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@alderansgp
• LinkedInlinkedin.com/company/alderan-societe-de-gestion-immobiliere
• Instagraminstagram.com/alderan_sgp
• TikToktiktok.com/@alderan_sgp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 ALDERAN