What SoGenial does

Sogenial Immobilier is a Paris-based, AMF-authorized portfolio management company (n° GP-12000026) specializing in real estate investment vehicles for French and European investors. Founded in 1981 and operating as a Société par Actions Simplifiée, the firm manages €1.76 billion in assets across 33 funds, dispensed through four flagship SCPI products (Cœur de Ville, Cœur de Régions, Cœur d'Europe, Cœur d'Avenir), one OPPCI (FRO), one SICAV-SIF (Venture Real Estate Fund), and two forestry vehicles (GFI CœurForest and GFI CœurForest 2). Its AUM is concentrated in French commercial real estate (retail and offices) with growing pan-European exposure across Belgium, Luxembourg, Germany, Spain, and Portugal, as well as a newer niche in education/youth-oriented real estate.

The firm generates revenue primarily through recurring management fees on AUM and subscription commissions on new capital inflows, with pricing varying per SCPI (subscription prices ranging from €200 to €664 per share and 2025 distribution rates of 5.23%–6.25%). Distribution is hybrid: a network of independent wealth management advisors (CGPs) is the primary channel, led by a dedicated commercial team, supplemented by a direct-to-investor online subscription platform and extranet. Two SCPI products (Cœur de Régions and Cœur d'Europe) carry ISR (ESG) labels, and select products function as 'fonds de partage' with charitable donation mechanics.

Under the leadership of President Jean-Marie Souclier and Directrice Générale Inès Dias, the company has pursued a multi-year expansion strategy: a second forest fund was launched in 2026, multiple Eurozone acquisitions completed in 2025–2026, and a stated €2 billion AUM target signals continued growth. Operational scope is supported by strategic partnerships with IZIMMO and SERRIS REIM (Club Deal), Ernst & Young (audit), Alcyon (SICAV-SIF administration), and INOVEA (forest management), with regulatory oversight from the AMF and compliance with AIFM, MIF I, MIF II, and GDPR frameworks.

Name

SoGenial

Legal name

SOGENIAL IMMOBILIER

Website

https://sogenial.fr

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Sogenial Immobilier is a Paris-based, AMF-authorized real estate asset manager managing €1.76 billion across 33 SCPI, OPPCI, FIA, and forestry funds for French retail investors, CGPs, and European institutional clients, distributed via wealth advisors and direct online channels.

Ownership category

akta.pro rank

Product category

Real Estate Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Open-End Investment Funds (525910)

SIC

Investment Advice (6282)

akta.pro primary industry

Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG)

akta.pro secondary industry

Fund of Funds & Multi-Manager Mutual Funds (FSAAAEAL)

Keywords

• Real estate fund management
• SCPI investment products
• Commercial real estate assets
• Asset management services
• Pan-European real estate

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Supply Chain, Others

Revenue model

1. Management fees from SCPI and fund products: Sogenial generates revenue through management fees charged on the assets under management across its portfolio of SCPI (Sociétés Civiles de Placement Immobilier), OPPCI, and FIA funds. The company manages 1.76 billion euros in assets under management and charges management fees to investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

SoGenial Immobilier is an AMF-authorized French portfolio management company that creates, structures, and manages real estate investment funds across SCPI, OPPCI, and FIA vehicles. It offers four flagship SCPI products (Cœur de Ville, Cœur de Régions, Cœur d'Europe, Cœur d'Avenir), plus the OPPCI FRO, Venture Real Estate Fund SICAV-SIF, and GFI CœurForest forestry funds, with €1.76 billion in assets under management across 33 funds.

Product overview

Sogenial Immobilier is a portfolio management company (Société de Gestion) offering a comprehensive range of real estate investment products through multiple vehicle types: SCPI (Société Civile de Placement Immobilier), OPPCI, and FIA structures. The core portfolio consists of four SCPI products differentiated by investment focus: SCPI Cœur de Ville (French commercial retail), SCPI Cœur de Régions (French regional diversified), SCPI Cœur d'Europe (pan-European commercial), and SCPI Cœur d'Avenir (youth/education sector). Additional products include OPPCI FRO (value-add European fund), Venture Real Estate Fund S.C.A. SICAV-SIF (institutional pan-European fund), and GFI CœurForest (forestry investment). The company manages €1.76 billion in assets under management across 33 funds. Digital platforms support online subscription and client extranet access. All SCPI products are regulated by the AMF and several carry ISR (socially responsible investment) labels.

Differentiator

Problem solved

Functional benefit

Brands

• SCPI Cœur de Ville: SCPI focused on retail commercial properties in French city centers, launched in 2013. Capitalization of 28.8 million euros.
• SCPI Cœur de Régions
• SCPI Cœur d'Europe
• SCPI Cœur d'Avenir
• OPPCI FRO
• Venture Real Estate Fund S.C.A. SICAV-SIF
• GFI CœurForest

Products and services

• SCPI Cœur de Ville SCPI investing in retail commercial real estate in Paris and the city centers of major French regional metropolises, selecting premises with dynamic retailers and low internet competition. Subscription price €210, distribution rate 6.20% (2025), €28.8M capitalization.
• SCPI Cœur de Régions Regional diversified SCPI investing in French regions with focus on office, activity, and commercial spaces targeting stabilized yields and long-term appreciation. ISR-labeled since April 2024. Subscription price €664, distribution rate 6.20% (2025), €435.6M capitalization, 5.02% TRI 5 years.
• SCPI Cœur d'Europe Pan-European SCPI investing in diversified commercial real estate (retail, offices, activity spaces) across Eurozone countries including Belgium, Spain, Portugal, and Germany. ISR-labeled since December 2024. Subscription price €204, 5.23% net distribution rate (2025), €256.2M capitalization, 8.25% global annual performance (2025).
• SCPI Cœur d'Avenir SCPI targeting real estate for children, adolescents, and students (ages 0-25), investing in nurseries, educational facilities, and student residences. Features a charitable giving component where investors can donate a portion of dividends to SOS Villages d'Enfants and Le Rire Médecin. Sogenial commits 20% of annual management fees to these associations. Subscription price €200.
• OPPCI FRO Pan-European real estate fund focused on value creation through acquisition of under-valued assets and targeted operational strategies. Combines Value Added (repositioning/renovation), Core+ (stabilized assets), and Restructuring strategies. Portfolio value €41.6M, 9 properties, 24,395 m² total area (as of Dec 31, 2025). Reserved for eligible investors.
• Venture Real Estate Fund S.C.A. SICAV-SIF Pan-European patrimonial real estate fund (SICAV-SIF structure) investing in physical properties with intrinsic value, generating stable returns from rental income. Geographic deployment across France, Belgium, Luxembourg, Portugal, and other Eurozone countries. Total fund value €502.7M, €30M annual rent, 145 buildings, 299,424 m². Reserved for professional investors.
• GFI CœurForest Forest Investment Group (Groupement Forestier d'Investissement) investing in French forests for wealth transmission and diversification. Uses selective cutting methods maintaining forest cover and natural regeneration. Features charitable giving component. First price revaluation in June 2026: €218 per share (9% increase).
• GFI CœurForest 2 Second forest investment fund with acquisition of a 31-hectare educational forest at Les Rollats near Vichy.

Quantifiable outcome

• Taux de distribution 2025: 6.20% for SCPI Cœur de Régions
• +5 more outcomes

Named customers8 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

Partnerships

Seven partnerships are on record, tiered minor and core.

• KarbonalphaminorGTM or Marketing Partner · 2 July 2026Marketing and event partnership for seminars and conferences. Sogenial team members (Jean-Marie Souclier, Jean-Luc Bel, Philippe Caszalot, Paul Migliorini) attended Karbonalpha's 5th anniversary celebration in Marseille, demonstrating ongoing partnership collaboration.
• IZIMMOcoreStrategic or Co-development Partner · 1 October 2018Club Deal partnership to create €300 million portfolio over 5 years. Joint investment vehicle combining IZIMMO's development expertise with Sogenial's fund management capabilities.
• SERRIS REIMcoreStrategic or Co-development Partner · 1 October 2018Real estate investment management partner in Club Deal structure alongside IZIMMO. Three-way partnership designed to build €300 million portfolio over 5-year horizon.
• INOVEAminorStrategic or Co-development PartnerForest management partner for GFI CœurForest. INOVEA conducts guided forest visits demonstrating sustainable forest management practices (selective cutting to promote natural regeneration) for investor education and forest stewardship.
• Cheval Blanc PatrimoineminorGTM or Marketing PartnerWealth management advisor partner for GFI CœurForest distribution. Organized forest immersion visits for CGPs (wealth management advisors) to familiarize them with the product.
• AlcyoncoreImplementation/ SI/ Consulting PartnerIndependent fund administration agent regulated by CSSF (Commission de Surveillance du Secteur Financier) for Venture Real Estate Fund. Responsible for calculating net asset value of fund shares.
• Ernst & YoungcoreImplementation/ SI/ Consulting PartnerExternal auditor for Venture Real Estate Fund conducting annual audit of fund operations and financial statements.

Scale indicators11 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Amundi Immobilier: Real estate arm of Amundi, one of Europe's largest asset managers. Competes with Sogenial in SCPI and institutional real estate funds but at vastly greater scale with broader distribution including institutional channels.
• Swiss Life REIM (France): European real estate investment manager with French SCPI and institutional offerings. Overlaps with Sogenial on pan-European SCPI exposure and institutional OPPCI vehicles.
• BNP Paribas REIM: Real estate investment manager within BNP Paribas group offering pan-European SCPI and institutional vehicles. Comparable in product type but with bank-parent distribution advantages Sogenial lacks.

Emerging players

• Euryale Asset Management: Independent French SCPI manager focused on niche and thematic real estate strategies, comparable in scale and independent-distributor profile to Sogenial, particularly on specialty themes like youth/education or healthcare real estate.

Direct peers

• Perial Asset Management: French AMF-authorized portfolio manager specializing in SCPI and OPCI products with multi-billion AUM. Directly comparable to Sogenial in product structure, retail-advisor distribution model, and ESG-labeled fund offerings.
• Sofidy: One of France's largest independent SCPI/REIT managers with broad retail distribution through CGPs. Comparable to Sogenial across SCPI product range, advisor-channel GTM, and pan-European real estate focus.
• Paref Gestion: Paris-listed independent French SCPI and real estate fund manager with retail and institutional offerings. Comparable mid-tier competitor to Sogenial in SCPI product range and CGP-led distribution model.
• CORUM L'Épargne: Independent French SCPI manager known for pioneering pan-European SCPI (CORUM Origin, CORUM XL). Direct competitor to Sogenial's Cœur d'Europe strategy and benchmark for international real estate distribution in France.
• Primonial REIM (now Praemia REIM): Major French SCPI manager with one of the largest AUM bases in the market, offering diversified SCPI products distributed via the same CGP network Sogenial targets. Closest large-cap direct competitor.
• La Française REM: French real estate asset manager offering SCPI, OPCI, and institutional real estate funds. Competes with Sogenial on similar retail SCPI vehicles and ESG-integrated product strategies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/sogenialimmo
• LinkedInlinkedin.com/company/sogenial-immobilier

Compliance6 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 SoGenial