Immovalor Gestion S.A.

What Immovalor Gestion S.A. does

Allianz Immovalor is a French collective real estate asset manager that designs, distributes, and administers SCPI (Société Civile de Placement Immobilier), SCI (Société Civile Immobilière), and OPPCI (Organisme Professionnel de Placement Collectif Immobilier) vehicles on behalf of approximately 37,000 individual retail investors. Founded in 1983 and operating as a wholly-owned subsidiary of Allianz Group, the firm is regulated by the Autorité des Marchés Financiers under portfolio management authorization GP-07000035 and reports €4.2 billion in gross estimated assets as of 31 December 2025, comprising 810 residential apartments and 660,000 m2 of commercial real estate. The current vehicle lineup includes one office-focused SCPI (Allianz Pierre), one diversified SCPI (Allianz DiversCity), five tax-advantaged fiscal SCPIs now closed to subscriptions, five SCIs including the SFDR Article 9 / ISR-labelled Allianz Immobilier Durable, and four OPPCIs. Revenue is generated through recurring management fees on assets under management and one-time subscription commissions on primary-market share issuance, with distribution executed through a sales-led model combining financial advisors and a direct client service center handling paper-based subscription and redemption orders. Operationally, Allianz Immovalor is organized into eight functional directions (compliance/RCCI, commercial, asset and property management, real estate management, investment management and ESG, acquisitions, finance and associate relations, associate relations) supporting the full real estate value chain, with asset and portfolio management processes built around independent expert valuations, statutory auditor certification, depositary custody, and RCCI compliance oversight.

Name

Immovalor Gestion S.A.

Legal name

Allianz Immovalor

Website

https://immovalor.fr

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

11–50 employees

Short description

Allianz Immovalor is a French AMF-regulated real estate asset manager that operates SCPI, SCI, and OPPCI vehicles for approximately 37,000 individual retail investors, managing €4.2 billion in assets as a wholly-owned subsidiary of Allianz Group.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Open-End Investment Funds (525910), Funds, Trusts, and Other Financial Vehicles (525), Finance and Insurance (52)

SIC

Finance Services (6199), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Private Client/High-Net-Worth Advisory (FSAEAAAN)

akta.pro secondary industry

Insurance-Integrated Wealth Managers (RIA + Insurance Solutions) (FSAAACAI)

Keywords

• Real estate fund management
• SCPI investment vehicles
• Portfolio management services
• Commercial real estate investment
• Real estate asset management

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Management Fees from SCPI/SCI Funds: Annual management fees charged to SCPI (Société Civile de Placement Immobilier) and SCI (Société Civile Immobilière) funds under management. Fees are calculated as a percentage of asset value.
2. Subscription Commissions (Commission de souscription): One-time commission charged to investors when purchasing SCPI shares on the primary market. Covers capital collection, asset research, and real estate investment activities.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Allianz Immovalor is an AMF-regulated real estate portfolio management company that creates, distributes, and manages SCPI, SCI, and OPPCI investment vehicles for individual French investors. The company collects subscription capital, invests in office, diversified, and residential real estate assets, and provides ongoing asset, property, and fund administration services while earning recurring management fees and one-time subscription commissions.

Product overview

Immovalor Gestion S.A. operates as a diversified real estate savings and investment management platform offering multiple fund structures: SCPI (Sociétés Civiles de Placement Immobilier) for open-ended real estate investment, SCI (Sociétés Civiles Immobilières) for direct real estate ownership, and OPPCI (Organismes Professionnels de Placement Collectif Immobilier). The portfolio includes 1 office-focused SCPI (Allianz Pierre), 1 diversified SCPI (Allianz DiversCity), 5 tax-efficient SCPIs (Allianz Domi 1 through Domivalor 4, all closed to new subscriptions), 5 SCIs including Allianz Invest Pierre and the ISR-labelled Allianz Immobilier Durable, and 4 OPPCIs. The platform is organized around a client portal for associates, with supplementary services for revenue declaration and secondary market transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Allianz Pierre: SCPI de bureaux à capital variable, créée en 1984, investissant dans l'immobilier d'entreprise.
• Allianz DiversCity
• Allianz Invest Pierre
• Allianz Immobilier Durable

Products and services

• Allianz Pierre SCPI de bureaux à capital variable created in 1984, investing primarily in office real estate for individual and institutional investors via Allianz Immovalor.
• Allianz DiversCity SCPI Diversifiée à capital variable created in 2021, investing across multiple real estate asset classes for portfolio diversification.
• Allianz Invest Pierre Société Civile Immobilière à capital variable investing exclusively in real estate buildings and financial instruments linked to the real estate sector.
• Allianz Immobilier Durable ISR-labelled Société Civile Immobilière à capital variable pursuing sustainable investment objectives; classified as Article 9 under SFDR. Invests in real estate and linked financial instruments.
• Allianz Domi 1 Tax-optimized SCPI closed to subscriptions since 31 December 2011, offering Scellier BBC tax reduction scheme benefits on new-build rental housing for existing associates.
• Allianz Domi 2 Tax-optimized SCPI closed to subscriptions since 1 January 2012, offering Scellier BBC tax reduction scheme benefits on new-build rental housing.
• Allianz Domi 3 Tax-optimized SCPI closed to subscriptions since 30 June 2016, offering Pinel tax reduction scheme benefits (reduction applied to subscribed amount capped at €300,000).
• Allianz Domi 4 Tax-optimized SCPI closed to subscriptions since 17 May 2017, offering Pinel tax reduction scheme benefits (reduction applied to subscribed amount capped at €300,000).
• Domivalor 4 Tax-optimized SCPI closed to subscriptions since 21 December 2010, invested in new-build rental housing with Scellier tax reduction benefits (25% over 9 years for 2009–2010 subscriptions).

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered minor and core.

• ROCHE DUBARminorStrategic or Co-development Partner · 1 October 2025Allianz Immovalor acquired the DYNAMIC messaging portfolio from ROCHE DUBAR on behalf of SCPI Allianz Home. This represents a specific transaction-based partnership for portfolio acquisition.
• Allianz GroupcoreOthersAllianz Immovalor is a 100% subsidiary of Allianz Group. The company operates under the Allianz brand and benefits from the group's institutional backing, brand recognition, and financial stability.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Sofidy: Leading independent French SCPI/SCI/OPCI manager distributed through financial advisors to retail investors. Directly comparable product line-up and target customer base.
• Primonial REIM (now Alderan): One of France's largest SCPI and OPCI managers with multi-billion AUM across retail real estate vehicles. Directly comparable to Immovalor in product mix (SCPI/SCI/OPCI), distribution model (financial advisors to retail), and regulatory framework (AMF).
• Perial Asset Management: French SCPI manager with multi-billion AUM across diversified, office, and ESG-themed vehicles. Closely comparable in scale, product mix, and retail distribution model.
• Amundi Real Estate: Amundi's dedicated real estate division manages SCPI, OPCI, and institutional mandates in France. Highly comparable as a large AMF-regulated retail and institutional real estate fund manager serving individual investors.
• La Française Real Estate Managers: Manages French SCPIs and European real estate mandates through financial advisor networks. Comparable as an AMF-regulated retail real estate fund manager with multi-vehicle product set.
• OFI Pierre (OFI Asset Management): French SCPI/OPCI manager distributed through insurance unit-linked wrappers and financial advisors. Comparable in retail real estate vehicle focus and AMF-regulated distribution model.

Broad incumbents

• AEW Capital Management: European real estate investment manager with French SCPI/OPCI offerings and broader pan-European institutional mandates. Comparable for its French retail real estate product set alongside institutional reach.
• BNP Paribas Real Estate Investment Management: Real estate investment arm of BNP Paribas offering SCPI, OPCI, and institutional mandates in France. Comparable as a large bank-affiliated retail and institutional real estate manager under AMF oversight.
• Swiss Life Asset Managers France: Real estate division of Swiss Life Group offering French SCPI and institutional mandates. Comparable as an insurance-group-owned retail real estate manager, similar to Immovalor's Allianz affiliation.

Emerging players

• Corum Asset Management: Specialist European SCPI manager (CORUM Origin, CORUM XL) with strong retail distribution. Comparable in product focus on multi-country commercial real estate SCPI but slightly differentiated by European geographic mix vs. Immovalor's France-only mandate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 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 Immovalor Gestion S.A.