Altarea Investment Managers

What Altarea Investment Managers does

Altarea Investment Managers (AIM) is the AMF-licensed portfolio management subsidiary (autorisation GP-20230008, dated 13 April 2023) of French real-estate developer Altarea Group, operating as a SAS with €1.4M of capital and registered at RCS Paris 922 347 950. The firm manages third-party collective real-estate vehicles, anchored by its flagship SCPI Alta Convictions — a diversified "pierre-papier" vehicle launched in September 2023 that invests in retail commerce, logistics, offices, activity premises, and adjacent asset classes, primarily in France with up to 20% permitted in other European countries. AIM also offers dedicated funds (fonds dédiés) for institutional clients with bespoke mandates.

The product set is delivered via a 100% digital subscription flow accessible through an Espace Client portal and an Espace Partenaire extranet for intermediaries. AIM distributes predominantly through a network of Conseillers en Gestion de Patrimoine (CGPs) and banking partners, supported by a regional partnership team covering nine French regions, alongside direct-to-consumer subscription via the corporate website. Pricing for SCPI Alta Convictions is a per-share unit price of €308 with a minimum subscription of one share, entry into enjoyment from the first day of the fourth month following subscription, and a 9-year recommended holding period; distributions moved to a monthly cadence in April 2026.

Revenue is generated principally through recurring management fees on assets under management, supplemented by subscription commissions on net inflows. As of March 2026, Alta Convictions had reached €121M of capitalization spread across 18 assets, 31 tenants, and 76,122 m², with a financial occupancy rate of 96% and a 2025 annualised global performance of 7.55% (6.57% distribution yield plus 0.98% share-price appreciation). The SCPI holds the Label ISR ESG certification (June 2024) and the 2026 TOP d'Or 'Meilleur Espoir' diversified SCPI award, and AIM is signatory to the UN-supported Principles for Responsible Investment.

Name

Altarea Investment Managers

Legal name

ALTAREA INVESTMENT MANAGERS

Website

https://altarea-im.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Altarea Investment Managers is an AMF-licensed French asset manager — a wholly-owned subsidiary of Altarea Group — that runs the diversified SCPI Alta Convictions for retail and institutional investors, distributing primarily through wealth-management advisors across France with growing Spanish exposure.

Ownership category

akta.pro rank

Product category

Real Estate Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531), Investors, Nec (6799)

akta.pro primary industry

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

akta.pro secondary industries

Real Estate Investment Advisory (Acquisitions/Dispositions, Capital Allocation) (BPAJANAA), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

Keywords

• Real estate asset management
• SCPI investment funds
• Wealth management products
• Institutional real estate funds
• Diversified property investment

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, Others

Revenue model

1. SCPI Management Fees: Altarea Investment Managers generates revenue primarily through management fees charged on assets under management in its SCPI funds. The SCPI Alta Convictions collects subscription fees and ongoing management fees from investors holding shares in the fund.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Altarea Investment Managers manages and distributes real estate investment products, principally SCPI Alta Convictions, a diversified commercial paper-real estate (pierre-papier) vehicle that pools investor capital to acquire and manage a portfolio of commerce, logistics, office, and activity properties. The company also offers customized dedicated funds (fonds dédiés) for institutional clients with specific investment mandates, and serves as an AMF-licensed portfolio management company (agrément GP-20230008). Investors access these products either directly online or through a network of wealth management advisors (CGPs) and banking partners across France.

Product overview

Altarea Investment Managers operates as a real estate investment management company offering two main product lines: (1) SCPI Alta Convictions, a diversifed SCPI (pierre-papier) targeting both retail and professional investors, focused on French and European real estate across commerce, logistics, offices, activity spaces, retail parks, and data centers; and (2) Fonds dédiés, customized separate accounts for institutional investors. The company also provides client and partner extranet portals for document access and investment management.

Differentiator

Problem solved

Functional benefit

Brands

• SCPI Alta Convictions: Société Civile de Placement Immobilier diversifiée investissant dans les secteurs du commerce, logistique, bureaux et autres actifs immobiliers en France et en Europe (jusqu'à 20%).
• Fonds dédiés

Products and services

• SCPI Alta Convictions Diversified SCPI (Société Civile de Placement Immobilier) enabling retail and institutional investors to access a professionally managed real estate portfolio across commerce, logistics, offices, and activity spaces primarily in France with up to 20% European exposure. Share price €308, minimum subscription 1 share, recommended 9-year holding period, monthly distributions since April 2026, with 7.55% total return in 2025.
• Fonds dédiés (Dedicated Funds)

Quantifiable outcome

• 7.55% Performance Globale Annuelle (PGA) in 2025
• +4 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

Three partnerships are on record, tiered core and minor.

• Altarea GroupcoreStrategic or Co-development PartnerAIM is a 100% subsidiary of Altarea Group, France's leading low-carbon urban transformation developer. This provides access to proprietary real estate expertise, market intelligence, asset sourcing capabilities, and the backing of a group with 3 billion euros in equity capital across 9 complementary brands covering all real estate segments (residential, commercial, office, logistics, hospitality, managed residences).
• PRI (Principles for Responsible Investment)minorStrategic or Co-development PartnerAltarea Investment Managers is a signatory to the UN-supported Principles for Responsible Investment, committing to incorporate ESG factors into investment decisions and ownership practices.
• Wealth Management Advisors (CGPs)coreChannel Partner/ Reseller/ DistributorNetwork of Conseillers en Gestion de Patrimoine (wealth management advisors) who distribute SCPI products to retail investors. Altarea IM provides dedicated partnership support including partner extranet, digital subscription tools, and a dedicated team of partnership managers covering all French regions.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• La Française Real Estate Managers: Large French SCPI/REIT manager where AIM's CEO (Marc-Olivier Penin) and Deputy CEO (Philippe Delhotel) previously led the public real estate franchise. Closely comparable product set, distribution model and target investor segments.
• Sofidy: Leading French SCPI and real estate asset manager (part of Tikehau Capital). Direct competitor across retail SCPI products distributed through CGP and banking channels, with similar diversified commercial real estate exposure.
• Perial Asset Management: One of France's largest independent SCPI managers with a diversified SCPI product range. Directly comparable as a French SCPI manager distributing through CGP and banking networks, with overlapping investor segments and product category.
• Primonial REIM: Major French real estate asset manager offering multiple SCPIs and institutional real estate funds. Direct competitor in diversified SCPI distribution via CGP networks, with overlapping retail and institutional client bases.
• Paref Gestion: French SCPI manager operating the Gérant, Novapierre and other SCPI vehicles. Comparable as a focused French retail SCPI manager with CGP distribution and a diversified commercial real estate portfolio.
• AEW (Ciloger): International real estate asset manager with a strong French SCPI franchise. Directly competes in diversified SCPI distribution and institutional real estate mandates; AIM's Head of Client Service previously worked at AEW.

Emerging players

• Novaxia Investissement: Paris-based real estate asset manager focused on urban recycling themes. Comparable as a French emerging SCPI/fund manager; AIM's Responsable Fund Management joined from Novaxia, and there is overlap in target SCPI product positioning.
• Perl (démembrement immobilier): French niche player in real estate démembrement (nue-propriété) investment with CGP distribution. Comparable as a young French real estate investment manager building partnerships with wealth advisors; AIM's Responsable Relations Partenariats joined from Perl.

Broad incumbents

• Swiss Life Asset Managers France: Large European asset manager offering French SCPI and institutional real estate mandates. Competes in the same institutional dedicated-fund and SCPI distribution space but as part of a broader multi-asset, multi-product platform.
• BNP Paribas Real Estate Investment Management: Global real estate investment manager of a major banking group, active in French SCPI and institutional real estate. Overlaps with AIM in distribution via banking networks and institutional real estate mandates, but as part of a much broader financial services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@altarea-im
• LinkedInlinkedin.com/company/altarea-investment-managers

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 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 Altarea Investment Managers