Turgot Asset Management

What Turgot Asset Management does

MAGELLIM REIM (into which Turgot Asset Management was integrated in 2026) is the AMF-authorized real estate investment management subsidiary of Groupe Magellim, a privately held French investment group founded by Steven Perron in 2010 (originally as Foncière Magellan). The firm is authorized as a Société de Gestion de Portefeuille under GP-14000048 since 2014 and is AIFM- and SFDR-compliant, structuring and managing real estate investment vehicles for both retail (particuliers) and professional (professionnels) investors.

Its core product set comprises SCPI (notably SCPI Foncière des Praticiens in healthcare real estate, reported as having the leading distribution rate in its category in 2023), a SCI (SCI ViaGénérations, a viager/life-annuity-linked residential vehicle that funds life-insurance wrappers), and a series of club deals (Club MAGELLIM Commerces 1 in Chambéry, Club MAGELLIM Paris Boutique Hôtels — including the recently acquired Grand Hôtel Chicago and Hôtel Riesner — and Club MAGELLIM Saint-Michel in ultra-prime hospitality). As of 31/12/2025 the platform reports ~€3B of encours and 700+ assets, spanning ~200 tertiary assets covering 800,000 m² and ~500 residential assets with a residential portfolio valued at ~€1B; Groupe Magellim total AUM is ~€5B.

The business model is recurring-fee driven: ongoing management fees on SCPI/SCI/club-deal vehicles, supplemented by subscription commissions and performance-style economics on closed club deals (the firm reports above 8% annual IRR on historical club deals). Distribution combines direct sales via the 'Mon espace' investor portal, partnerships with Conseillers en Gestion de Patrimoine (CGPs), and private banking institutions, addressing both mass-affluent retail and professional/HNW segments. Operations are conducted from Paris (44 Avenue de Villiers, 75017), primarily in France with nascent presence in Belgium and Spain, and the group has grown both organically and through serial acquisitions (A Plus Finance and Baltis in 2020; Turgot Capital and Proximea in 2022; GO CAPITAL in 2025).

Name

Turgot Asset Management

Legal name

MAGELLIM REIM, Société par actions simplifiée (S.A.S.)

Website

https://turgot-am.fr

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Short description

MAGELLIM REIM (integrated with Turgot AM in 2026) is an AMF-authorized French real estate investment manager (subsidiary of Groupe Magellim) that creates and manages SCPI, SCI, and club-deal vehicles for retail and professional investors, managing ~€3B in assets across healthcare, hospitality, commercial, and residential real estate.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239), Other Financial Vehicles (525990)

SIC

Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Funds — Opportunistic / Development (FSANAEAI), Real Estate Funds — Core-Plus (FSANAEAG)

Keywords

• Real estate investment management
• SCPI fund management
• Club deal structuring
• Portfolio management services
• Alternative asset management

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, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Real estate fund management fees: MAGELLIM REIM generates revenue through management fees on real estate investment funds (SCPI, club deals, SCI), including both ongoing management fees and subscription commissions.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

MAGELLIM REIM (into which Turgot AM was integrated in 2026) creates and manages real estate investment funds for individual and professional investors, with approximately \u20ac3 billion in assets and over 700 properties under management as of 31/12/2025. Core offerings include SCPI (e.g., SCPI Fonci\u00e8re des Praticiens focused on healthcare real estate), SCI (e.g., SCI ViaG\u00e9n\u00e9rations for viager-based life insurance wrappers), and club deals (Club MAGELLIM Commerces 1, Club MAGELLIM Paris Boutique H\u00f4tels, Club MAGELLIM Saint-Michel) across commercial, hospitality, residential, and healthcare sectors.

Product overview

MAGELLIM REIM operates as the real estate investment vertical of Groupe Magellim, offering a diversified portfolio of real estate investment products. The core offering includes MAGELLIM REIM (fund management platform) with specialized sub-products including SCPI Foncière des Praticiens (healthcare SCPI), Club Deals (Club MAGELLIM Commerces 1, Club MAGELLIM Paris Boutique Hôtels, Club MAGELLIM Saint-Michel), and SCI ViaGénérations (viager-based residential product). The company manages nearly 3 billion euros in assets and 700+ properties across commercial, healthcare, hospitality, and residential sectors.

Differentiator

Problem solved

Functional benefit

Brands

• SCPI Foncière des Praticiens: SCPI specialized in healthcare real estate with the best distribution rate in its category (SCPI santé) in 2023
• SCI ViaGénérations
• Club MAGELLIM

Products and services

• MAGELLIM REIM Real Estate Investment Management Platform Global real estate investment management entity that creates and manages real estate investment funds for individual and professional investors, covering healthcare, hospitality, commercial, residential, and activity-parc real estate sectors. Approved by the AMF as a Soci\u00e9t\u00e9 de Gestion de Portefeuille (GP-14000048) since 2014.
• Club MAGELLIM Commerces 1 Club deal investment in an iconic commercial property in Chamb\u00e9ry, marketed to investors seeking exposure to commercial real estate through a co-investment structure.
• Club MAGELLIM Paris Boutique H\u00f4tels Club deal investment opportunity in two 4-star boutique hotels in Paris (Grand H\u00f4tel Chicago and H\u00f4tel Riesner), targeting investors seeking hospitality sector exposure.
• Club MAGELLIM Saint-Michel Club deal investment in ultra-prime hospitality sector, providing investors access to high-end hotel assets.
• SCPI Fonci\u00e8re des Praticiens SCPI (Real Estate Investment Trust) specialized in healthcare sector properties, distributing rental income to subscribers and recognized as having the best distribution rate in the healthcare SCPI ('SCPI sant\u00e9') category in 2023.
• SCI ViaG\u00e9n\u00e9rations SCI (Real Estate Investment Company) that enhances life insurance (assurance-vie) investments through viager (life annuity) residential property structures, with around 500 residential assets and approximately \u20ac1 billion in residential portfolio valuation as of 31/12/2025.

Quantifiable outcome

• TRI supérieur à 8% annually on closed club deals

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• GO CAPITALcoreStrategic or Co-development Partner · 1 January 2025Majority stake acquisition in GO CAPITAL to become a key player in impact private equity in French territories. GO CAPITAL specializes in impact investing supporting territorial development.
• ArMen Asset ManagementcoreStrategic or Co-development Partner · 1 January 2024Strategic partnership to launch a hospitality investment vertical. ArMen AM specializes in hotel asset acquisition and management, bringing boutique-style investment advisory services.
• OCCTEcoreStrategic or Co-development Partner · 1 January 2024Exclusive strategic partnership to create the first investment platform in Occitanie. OCCTE is a purpose-driven AMF-licensed portfolio management company initiated by the Occitanie Region, focusing on development capital, energy transition, and decarbonization.
• BaltiscoreChannel Partner/ Reseller/ Distributor · 1 January 2024Baltis is an investment platform within Groupe MAGELLIM offering fractional real estate investment through its Puzzle by Baltis solution.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Perial Asset Management: French SCPI manager offering diversified SCPIs (PFO2, PF Grand Paris, etc.) and thematic real estate funds distributed via wealth advisors — closely comparable in SCPI-led business model, AUM tier, and CGP distribution.
• La Française Real Estate Managers: French RE manager offering SCPIs, OPCI, and club deals to retail and institutional investors; directly comparable product mix and distribution model to MAGELLIM REIM.
• Sogenial Immobilier: Mid-sized French SCPI manager focused on commercial, healthcare, and educational real estate distributed via CGPs — directly comparable scale, sector mix, and channel strategy.
• Paref Gestion: Paris-based SCPI manager (Paref Evolution, Interpierre France, etc.) and real estate operator — comparable scale and SCPI-centric business model with similar CGP distribution.
• Corum Asset Management: French SCPI specialist (Corum Origin, Corum XL) with European footprint and direct distribution; comparable AUM tier and product-led approach with strong brand recognition among French retail investors.
• Primonial REIM: One of the largest French SCPI and real estate fund managers, distributing a broad range of SCPIs and club-deal products through CGPs and private banks — directly overlapping with MAGELLIM REIM's SCPI (Foncière des Praticiens) and club-deal franchise.
• Sofidy: Major French SCPI and retail real estate investment manager under Tikehau Capital; comparable in SCPI franchise, retail/CGP distribution, and broad sectoral diversification across commercial, healthcare, and residential.

Broad incumbents

• Amundi Immobilier: Real estate arm of Amundi managing SCPIs and institutional RE mandates; overlaps with MAGELLIM REIM on SCPI product set and French distribution, but operates at materially larger AUM scale.
• BNP Paribas Real Estate Investment Management: Large European real estate investment manager offering diversified strategies across logistics, office, residential, and hospitality; overlaps in French fund management and private banking distribution.

Emerging players

• Voisin Conseil Immobilier: Independent French SCPI manager (Voisin Pierre, Voisin Hélios) with smaller AUM but comparable thematic sector focus; competes in similar CGP distribution channels at sub-€1B AUM tier.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/turgot-asset-management

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries5 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 Turgot Asset Management