ASPIM

What ASPIM does

ASPIM (Association Française des Sociétés de Placement Immobilier) is the exclusive French professional association for real estate investment fund management companies, founded in 1975 and headquartered in Paris. It represents 112 AMF-Authorized real estate investment fund management companies that collectively manage €287 billion in assets (as of December 31, 2025) and serve approximately 4 million individual savers across SCPI, OPCI, and other non-listed real estate fund structures. ASPIM is governed as a non-profit under French law of 1901 and operates as the primary interlocutor between the industry and regulators including the AMF, the French Ministry of Finance, and the European Commission.

The association delivers value to its members through an integrated service portfolio: (1) regulatory intelligence and advocacy, including a successful 2026 intervention that secured the exclusion of real estate fund share transfers from mandatory notarization in the Fraud Law; (2) market data and analytics, anchored by the ImmoData platform — a quarterly data visualization tool with 9 applications covering SCPI, OPCI grand public, and sociétés civiles; (3) sustainable finance frameworks, most notably the ISR (Investissement Socialement Responsable) label for real estate funds, which ASPIM co-developed and which now covers 184 funds representing 45% of the market by value (€94 billion); (4) a member-exclusive digital Extranet providing fund fact sheets, meeting minutes, and regulatory analysis; and (5) thought leadership publications including the quarterly ASPIM Infos newsletter, annual activity reports, and co-produced studies with IEIF, EY, PwC, and FORVIS MAZARS. Key personnel include President Philippe Depoux (elected June 2026) and Director of Studies Julien Mauffrey.

ASPIM's revenue model is membership-dues-based, with annual fees from 112 member companies supplemented by publication sales. The association operates with a small professional team (1-10 employees) under a Conseil d'administration governance structure, with leadership rotating every two years. Distribution is direct, through working groups (sustainable finance regulation, ISR label monitoring, Impact), the ISR Commission (50+ companies quarterly), conferences, and the members-only Extranet. Underlying market dynamics are mixed: SCPI net collection rose 29% YoY in 2025, while OPCI grand public assets declined 12%. ASPIM's strategic trajectory centers on deepening its ESG/sustainability thought leadership, expanding its European visibility, and defending its regulatory position.

Name

ASPIM

Legal name

Association française des Sociétés de Placement Immobilier (ASPIM)

Website

https://aspim.fr

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

1–10 employees

Short description

ASPIM is the French professional association for 112 AMF-authorized real estate investment fund management companies, providing regulatory advocacy, market data via the ImmoData platform, and the ISR label framework for non-listed real estate funds representing €287 billion in member assets.

Ownership category

akta.pro rank

Product category

Real Estate Investment Fund Trade Association

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro industry

PRIMARYFSAAAGAH

OCIO Providers (Outsourced CIO)

Financial & Insurance/Asset & Wealth Management/Asset Management — Institutional (Pensions, Endowments, Sovereign)

Keywords

• Real estate investment funds
• Trade association services
• Regulatory advocacy
• Sustainable real estate finance
• Market data publications

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Membership Dues: ASPIM generates revenue through annual membership fees paid by its 112 AMF-authorized real estate investment fund management company members. The association is a non-profit under French law of 1901, and membership fees support its operations, publications, working groups, and regulatory advocacy activities.
2. Publications and Documentation Sales: ASPIM publishes annual activity reports, market studies, ESG reports, regulatory guides, and a quarterly newsletter (ASPIM Infos) that are publicly available or accessible via the member extranet. Revenue from documentation is minor relative to membership dues.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

ASPIM (Association Française des Sociétés de Placement Immobilier) is a French non-profit professional trade association founded in 1975 that represents 112 AMF-authorized real estate investment fund management companies. It delivers regulatory advocacy before French and EU authorities, quarterly market intelligence and statistics on SCPI/OPCI funds, the ISR label framework for sustainable real estate investment, ESG and impact finance tools, professional networking through working groups, and members-only digital services through its Extranet and ImmoData analytics platform.

Product overview

ASPIM (Association Française des Sociétés de Placement Immobilier) is a professional association for real estate investment companies in France, not a software product vendor. Its offerings consist of membership-based services including a secure Extranet portal providing exclusive access to proprietary studies, fund fact sheets, meeting minutes, and the ImmoData statistics visualization platform; a portfolio of publications including annual reports, quarterly newsletters (ASPIM Infos), and periodic market studies on public real estate investment funds (SCPI, OPCI, civil societies); and the ISR label for real estate funds, a responsible investment certification it championed and continues to steward. These services are made available to its 112 AMF-licensed member asset management companies and are disseminated through the public website, the members-only Extranet, and periodic PDF publications.

Differentiator

Problem solved

Functional benefit

Products and services

• Extranet Membres (Member Portal) A secure, password-protected member-only digital portal providing exclusive access to studies, documentation, fund fact sheets, commission and working group meeting minutes, an agenda of events, and the ImmoData statistics platform. Access is restricted to authorized representatives of ASPIM's 112 AMF-licensed member management companies.
• ImmoData Platform A quarterly statistics visualization platform accessible to member asset management companies via the Extranet, offering nine applications detailing statistics, indices, and databases on non-listed real estate funds including SCPI, OPCI grand public, and sociétés civiles unit-linked products.
• Annual Activity Report (Rapport d'activité) Annual report published by ASPIM covering the association's activities, the real estate investment fund sector's performance, key statistics on assets under management, fundraising, and the sector's contribution to the French economy. The 2025 edition marked ASPIM's 50th anniversary.
• ASPIM Infos Newsletter Quarterly newsletter of non-listed real estate investment funds, providing updates on ASPIM's regulatory positions, market publications, work progress, and association events. Published in PDF format four times per year.
• Market Studies and Reports Periodic market studies and statistical reports covering public real estate investment funds (SCPI, OPCI, civil societies), including quarterly and annual collections, performance indicators, ESG practices, and socio-economic impact analyses, often produced in partnership with IEIF, EY, and PwC.
• ISR Label for Real Estate Funds The ISR (Investissement Socialement Responsable) label for real estate funds, initiated by ASPIM and launched by public authorities in July 2020. It distinguishes real estate investment funds committed to environmental, social, and governance (ESG) improvement strategies across their entire portfolio. As of December 2025, 184 funds hold this label, representing 45% of the market by value (€94 billion in capitalization).

Quantifiable outcome

• ASPIM's advocacy secured the exclusion of real estate fund share transfers from mandatory notarization requirements in the French Fraud Law (Article 15 bis A), preserving operational fluidity for SCPI and OPCI share transactions.
• +4 more outcomes

Named customers11 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• IEIF (Institut de l'Épargne Immobilière et Foncière)coreStrategic or Co-development Partner · 1 January 2026ASPIM and IEIF publish quarterly and annual market statistics on French public real estate investment funds (SCPI, OPCI grand public, and sociétés civiles). This joint publication is the authoritative source of market data for the sector, including collection figures, distribution rates, capitalization, and performance metrics.
• EY (Ernst & Young)coreStrategic or Co-development Partner · 1 January 2026ASPIM and EY co-produce the annual socio-economic impact study on non-listed real estate investment funds in France. The study documents the sector's contribution to employment, regional development, tax revenue, and the green transition. EY also co-hosts webinars with ASPIM on FATCA/CRS regulatory topics.
• PwC FrancecoreStrategic or Co-development PartnerASPIM partners with PwC to produce the widely-used 'Pocket Guide' series covering SCPI, OPCI, and Other FIAs. These practical guides are standard industry reference documents for regulatory compliance and market understanding.
• FORVIS MAZARScoreStrategic or Co-development PartnerASPIM partnered with FORVIS MAZARS to produce the study on 'Financial Communication and Strategy of Public Real Estate FIAs' (2024), analyzing reporting practices and strategic positioning of French real estate investment funds.
• Plan Bâtiment DurableminorStrategic or Co-development PartnerASPIM is a member of Plan Bâtiment Durable, a French multi-stakeholder initiative focused on sustainable building and real estate sector transformation. ASPIM contributes expertise on real estate investment fund regulation and ESG practices.
• ORIE (Observatoire de la Rénovation Énergétique)minorStrategic or Co-development PartnerASPIM is a member of ORIE, contributing to discussions on energy renovation policy and sustainable real estate practices in France.
• Institut de la Finance Durable (IFD)coreStrategic or Co-development PartnerASPIM is a member of the Institut de la Finance Durable, a French body working to develop and promote sustainable finance. ASPIM co-piloted the working group that adapted the IFD's impact finance tools (impact charter, evaluation grid) to real estate assets, producing a harmonized definition of an impact real estate fund and an adapted evaluation grid published in May 2025.
• Paris EuroplaceminorStrategic or Co-development PartnerASPIM is a member of Paris Europlace, the organization promoting the Paris financial center internationally. ASPIM contributes to discussions on France's competitiveness as a real estate investment fund jurisdiction.
• CIRCOLABminorStrategic or Co-development PartnerASPIM is a member of CIRCOLAB, a French organization working on circular economy in the building sector. ASPIM contributes expertise on sustainable real estate investment practices.
• AICN (Association pour le东西 Immobilier)minorStrategic or Co-development PartnerASPIM is a member of AICN (Club de l'Immobilier), a French real estate industry association. ASPIM participates in its activities to contribute to real estate sector dialogue and best practices.
• Fondation PalladiominorStrategic or Co-development PartnerASPIM is a member of Fondation Palladio, a foundation dedicated to innovative and responsible real estate development. ASPIM contributes expertise on investment fund practices and sustainable finance.
• AMF (Autorité des Marchés Financiers)coreStrategic or Co-development PartnerASPIM maintains a regular dialogue with the AMF (French financial regulator) on regulatory policy, investor protection, market transparency, and the evolution of SCPI, OPCI, and other real estate fund regulations. ASPIM responds to AMF consultations and co-organizes webinars on regulatory topics (e.g., FATCA/CRS, SCPI commercialization rules). The AMF President (Marie-Anne Barbat-Layani) contributed to ASPIM's 50th anniversary series.

Scale indicators15 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• INREV: European association for investors in non-listed real estate vehicles, providing research, indices, and advocacy across Europe. Directly comparable to ASPIM as a trade association for non-listed real estate investment structures, operating at pan-European rather than national level.
• AFG (Association Française de la Gestion financière): French asset management trade association representing portfolio management companies. Directly comparable as a French-based trade body for investment fund managers, though covering a broader asset class scope than ASPIM (includes equities, fixed income, alternatives).

Broad incumbents

• EFAMA (European Fund and Asset Management Association): Pan-European federation representing the European investment management industry. Comparable as a broader trade association operating at EU level on investment fund regulation, with overlapping advocacy role on UCITS, AIFMD, and ESG frameworks.

Regional players

• NAREIM (National Association of Real Estate Investment Managers): US-based association for real estate investment management firms, providing benchmarking, networking, and industry data. Comparable as a national trade body for real estate fund managers, but operating in the US market with different regulatory environment.
• UK Investment Association: UK trade body representing investment management firms. Comparable as a national asset management trade association with policy advocacy and market data functions, but focused on the UK market and broader asset classes.
• BVI (Bundesverband Investment und Asset Management): German asset management trade association representing investment companies. Comparable as a national trade body for asset managers with regulatory advocacy role, operating in the German market.
• ICI (Investment Company Institute): US trade association for regulated investment companies, including mutual funds and ETFs. Comparable as a national investment fund trade body with policy advocacy and research functions, but focused on US registered funds and broader asset classes.
• PREA (Pension Real Estate Association): US/Canadian association for institutional real estate investment, providing networking, research, and education. Comparable as an association serving institutional investors and managers in real estate, with similar benchmarking and advocacy functions but focused on pension capital.

Others

• France Invest: French private equity trade association representing PE/VC firms in France. Comparable as a French trade body for alternative asset managers with similar advocacy and market data functions, but focused on private equity rather than real estate investment funds.
• AIMA (Alternative Investment Management Association): Global trade association for alternative investment managers, including hedge funds, private credit, and real estate. Comparable as a trade body for alternative asset managers with policy advocacy and best-practice standards, but broader in scope and global rather than national.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@aspim5687
• LinkedInfr.linkedin.com/company/aspim
• Xx.com/ASPIM_fr

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 ASPIM