Deltager
Deltager is an AMF-licensed French portfolio management company (SGP), subsidiary of six Crédit Agricole regional banks, that manages €750M+ of real estate assets across SCPI Unidelta, SCPI Amundi Delta Capital Santé, and third-party mandates for institutional clients across southeastern France.
- Company typePrivate
- Founded1990
- HeadquartersMontpellier, France
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Deltager does
Deltager is a French private portfolio management company (Société de Gestion de Portefeuille, SA DELTAGER) headquartered in Montpellier, founded in 1990 and wholly owned by six Caisses Régionales de Crédit Agricole (Alpes Provence, Centre Est, Languedoc, Provence Côte d'Azur, des Savoie, Sud Rhône Alpes). It holds AMF license GP-14 000017 (granted 23 June 2014) and operates as a regulated specialist in French commercial real estate fund management, employing 14 staff and administering more than €750M of assets across 130+ properties and 350,000+ m² in 11 metropolitan areas concentrated in southeastern France.
Its core products are SCPI Unidelta, a fixed-capital SCPI (capitalisation €312.79M at 2025; portfolio value €364.87M; distribution rate 5.88%; financial occupancy 87.43%; 20-year TRI 6.45%) focused on offices and mixed-use assets, and SCPI Amundi Delta Capital Santé, a healthcare/dependency-focused SCPI operated under delegated management from Amundi Immobilier. Deltager also runs the monthly secondary market for SCPI Unidelta shares and provides third-party asset management mandates (investment sourcing, due diligence, administrative/technical/financial management, ESG/ISR piloting, Décret Tertiaire and BACS compliance) to Crédit Agricole Foncières, regional Caisses, and Banque des Territoires.
Deltager earns money through embedded SCPI management fees on assets under management, delegated management fees from the Amundi healthcare pocket and other institutional mandates, and secondary-market transfer commissions (~10.2% buyer-side fee stack on Unidelta share trades). Distribution is channel-led through the six parent regional banks, which act as both distributors and co-investors, while an annual SCPI general meeting, quarterly publications, and AMF regulatory disclosures serve as retention and trust-building touchpoints with retail shareholders.
Deltager firmographics
Firmographics- Name
- Deltager
- Legal name
- SA DELTAGER
- Website
- https://deltager.fr
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Deltager is an AMF-licensed French portfolio management company (SGP), subsidiary of six Crédit Agricole regional banks, that manages €750M+ of real estate assets across SCPI Unidelta, SCPI Amundi Delta Capital Santé, and third-party mandates for institutional clients across southeastern France.
- Ownership category
- akta.pro rank
Deltager industry classification
Industry- Product category
- Real Estate Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Management Consulting Services (54161)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Commercial Real Estate Asset Management (BPAJAMAB), Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA)
Keywords
Where Deltager is headquartered
LocationHeadquarters
- HQ city
- Montpellier
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Deltager business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- SCPI Unidelta Management Fees: Deltager earns management fees from operating the SCPI Unidelta, a fixed-capital SCPI of offices and mixed-use properties. The SCPI generates rental income from tenants, distributes yields to shareholders, and the manager earns fees on the asset base.
- Delegated Asset Management – SCPI Amundi Delta Capital Santé: Amundi Immobilier delegated financial management of a pocket of healthcare real estate assets to Deltager. Deltager handles investment sourcing, due diligence, and full administrative/technical/financial management of the delegated pocket of regional French assets.
- Third-Party Asset Management Mandates: Deltager provides asset management services for Foncières du groupe Crédit Agricole, Caisses Régionales de Crédit Agricole, and the Banque des Territoires, covering investment advisory, administrative/technical/financial management, and strategic valorization of real estate portfolios.
- SCPI Secondary Market Transaction Fees: The SCPI Unidelta secondary market (marché secondaire) generates transfer fees: buyers pay the execution price plus 10.2% in fees (5% registration duties + 5.20% TTC transfer commission). Deltager manages the monthly order book.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Annual | SCPI Unidelta – Secondary Market Share Purchase |
| Subscription | Annual | SCPI Unidelta – Asset Management Fee (embedded in SCPI) |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Deltager product offering
Product offeringCore offering
Deltager manages real estate investment funds (SCPI Unidelta and SCPI Amundi Delta Capital Santé) and provides third-party asset management services for institutional clients including Crédit Agricole group Foncières, regional Caisses Régionales, and the Banque des Territoires. Its activities span investment sourcing, due diligence, administrative/technical/financial management, strategic asset valorization, ESG/ISR compliance, and operation of a monthly secondary market for SCPI Unidelta shares, all delivered under its AMF portfolio management company license.
Product overview
Deltager operates as a Société de Gestion de Portefeuille (portfolio management company) offering three main products: SCPI Unidelta (a fixed-capital office-focused real estate investment fund), SCPI Amundi Delta Capital Santé (a healthcare real estate fund managed in partnership with Amundi Immobilier), and third-party asset management services. SCPI Unidelta enables retail investors to access diversified real estate holdings in southeastern France, while the Amundi Delta Capital Santé partnership allows investment in health infrastructure. The Secondary Market provides liquidity for SCPI Unidelta shares through monthly trading sessions.
Differentiator
Problem solved
Functional benefit
Brands
- SCPI Unidelta: A capital-fixed Société Civile de Placement Immobilier (SCPI) focused on office real estate, primarily in southeastern France. Created in 1990, it is one of Deltager's flagship investment vehicles.
- SCPI Amundi Delta Capital Santé
Quantifiable outcome
- 5.88% distribution rate (Taux de Distribution) for SCPI Unidelta in 2025
- +3 more outcomes
Companies that use Deltager
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Deltager technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
Deltager partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- Amundi ImmobiliercoreAmundi Immobilier and Deltager formed a strategic alliance at the launch of SCPI Amundi Delta Capital Santé, a healthcare-focused real estate investment vehicle. Amundi Immobilier acts as the Société de Gestion of the SCPI and distributes it through its network, while Deltager is delegated the financial management of a pocket of regional French healthcare assets (size intermediate, outside Île-de-France), including investment sourcing, due diligence, and full administrative/technical/financial management.
- Caisses Régionales de Crédit Agricole (Alpes Provence, Centre Est, Languedoc, Provence Côte d'Azur, des Savoie, Sud Rhône Alpes)coreSix Caisses Régionales de Crédit Agricole serve as the primary distribution network for SCPI Unidelta, selling SCPI shares to their retail customer base across southeastern France. They also act as co-investors and co-owners (indivision) in several properties alongside the SCPI. Additionally, they hold asset management mandates with Deltager for their own real estate assets (Foncières). Deltager is itself a subsidiary of these six Caisses Régionales.
- Banque des TerritoiresminorThe Banque des Territoires (a subsidiary of Caisse des Dépôts) holds asset management mandates with Deltager, delegating the management of certain real estate assets to Deltager's platform.
- AFICA (Association des Foncières et Immobilières du Groupe Crédit Agricole)minorDeltager is a member of AFICA, the Association of Real Estate Companies of the Crédit Agricole Group, which brings together the group's property companies for knowledge sharing and industry representation.
- Montpellier Hérault Rugby – MHR SOLIDAIREminorDeltager partners with MHR SOLIDAIRE, the social and solidarity arm of Montpellier Hérault Rugby, as part of its corporate social responsibility (RSE) strategy. The partnership supports educational, health, environmental, and community initiatives in the region, reinforcing Deltager's local and regional anchoring.
Scale indicators8 records
Recent moves5 records
Expansion highlights5 records
Deltager competitors and assessment
Company assessmentEmerging players
- Norma Capital: Norma Capital is an independent French SCPI manager operating smaller SCPIs (Vendôme Régions, Fair Invest) with retail distribution. Comparable as a niche AMF-licensed SCPI manager with similar size and regional focus.
- Novaxia Investissement: Novaxia is an alternative real estate asset manager focused on urban regeneration and SCPI vehicles (Novaxia Neo), with AMF approval. Comparable in AMF regulation and SCPI product structure, though more growth-stage oriented.
Direct peers
- Perial Asset Management: Perial Asset Management operates several SCPIs (PF Grand Paris, PF Hospitalité Europe, PFO2) targeting retail investors, with strong ESG positioning. Comparable in product line, AMF SGP status, and distribution via French bank and advisor networks.
- Primonial REIM: Primonial REIM (now part of Tikehau) manages a large SCPI and OPCI platform serving French retail investors, with comparable AUM scale and product mix (offices, healthcare, residential). Direct competitor in the retail SCPI distribution market.
- La Française Real Estate Managers: La Française REM (now part of Crédit Mutuel) manages a diversified SCPI and real estate fund platform for retail and institutional investors. Comparable in product breadth, AMF SGP regulation, and bank-distribution model.
- Sofidy: Sofidy is one of France's largest independent SCPI managers, operating a broad suite of SCPI vehicles across offices, retail, residential, and healthcare. Comparable to Deltager in product (SCPI management), regulatory status (AMF-licensed SGP), and customer base (retail investors distributed via bank networks).
- BNP Paribas Real Estate Investment Management: BNP Paribas REIM is a major European real estate investment manager with French SCPI/OPCI offerings distributed through BNP bank networks. Comparable in banking-group-embedded distribution, AMF regulation, and product mix (retail SCPI + institutional mandates).
- Amundi Immobilier: Amundi Immobilier is a major French SCPI and real estate fund manager and Deltager's strategic partner in the SCPI Amundi Delta Capital Santé. Both firms manage SCPIs for retail investors, operate AMF-licensed SGP platforms, and target French institutional and retail capital — making Amundi Immobilier the closest direct peer.
Regional players
- Foncière de la Caisse Régionale de Crédit Agricole Alpes Provence: The Crédit Agricole Alpes Provence Foncière (and similar regional Crédit Agricole Foncières) holds mandates with Deltager for property management. Comparable as a French regional real estate owner/investor that relies on AMF-regulated asset managers.
Broad incumbents
- AEW Capital Management: AEW is a large global real estate investment manager owned by Natixis/Caisse d'Epargne, with French SCPI and pan-European institutional mandates. Broader incumbent in the same AMF-regulated SCPI/asset management space as Deltager.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Deltager social profiles
Digital presenceDeltager compliance and trust
Trust signalCompliance4 records
Deltager financial estimates
Financial estimateRevenue estimate
Valuation estimate
Deltager leadership team
Management profileNumber of profiles
Deltager funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Deltager M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Deltager
What does Deltager do?
Deltager manages real estate investment funds (SCPI Unidelta and SCPI Amundi Delta Capital Santé) and provides third-party asset management services for institutional clients including Crédit Agricole group Foncières, regional Caisses Régionales, and the Banque des Territoires. Its activities span investment sourcing, due diligence, administrative/technical/financial management, strategic asset valorization, ESG/ISR compliance, and operation of a monthly secondary market for SCPI Unidelta shares, all delivered under its AMF portfolio management company license.
Is Deltager a public or private company?
Deltager is a private company. It is classified as corporate owned and is currently operating.
When was Deltager founded?
Deltager was founded in 1990. It employs 51 to 100 people.
Where is Deltager based?
Deltager is headquartered in Montpellier, France, in the Europe region.
How does Deltager make money?
Four revenue lines are on record. SCPI Unidelta Management Fees are the primary driver. The others are delegated Asset Management – SCPI Amundi Delta Capital Santé, third-Party Asset Management Mandates and SCPI Secondary Market Transaction Fees.
Who are Deltager's main competitors?
Emerging players on record are Norma Capital and Novaxia Investissement. Direct peers are Perial Asset Management, Primonial REIM, La Française Real Estate Managers, Sofidy, BNP Paribas Real Estate Investment Management and Amundi Immobilier. Foncière de la Caisse Régionale de Crédit Agricole Alpes Provence is listed as a regional player. AEW Capital Management is listed as a broad incumbent.
Does Deltager have an API?
No public API is recorded for Deltager.
What industry is Deltager in?
Deltager's product category is Real Estate Asset Management. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 523940 and its SIC code is 6531.