PRIME PROPERTY FUND EUROPE S.A. SICAV-RAIF

What PRIME PROPERTY FUND EUROPE S.A. SICAV-RAIF does

Prime Property Fund Europe S.A. SICAV-RAIF, operating under the legal name Prime Properties S.C.A., SICAV-SIF, is a Luxembourg-domiciled specialised investment fund (FIS) structured as a société en commandite par actions and regulated by the Commission de Surveillance du Secteur Financier (CSSF) under the AIFMD framework. Registered with the CSSF on 30 September 2016 and headquartered at 27B Boulevard Marcel Cahen, Luxembourg, the fund operates as a multi-compartment umbrella vehicle offering institutional, professional, and qualified investors exposure to eurozone real estate, with a minimum subscription of EUR 125,000 for qualified investors. Distribution is gated by investor classification and country of residence, restricting access to a captive pool of qualified capital.

The fund's offering is organised across three active sub-funds: HealthCare Europe (HCE), established in 2010 and integrated into the vehicle in May 2018, holds 8 healthcare real estate assets valued at over EUR 240 million across France, Switzerland, and Spain, all leased on long-term contracts to a global elderly healthcare operator; Defensive Properties Europe (DPE), active since June 2018, acquires land in Luxembourg for future residential, office, business, and logistics development on a 5-7 year horizon; and Long Term Property Development Europe (LTPDE), active since December 2018, pursues land acquisition, development, and income-generating property purchases across Luxembourg, Belgium, and France on a 10-15 year horizon, with disclosed assets valued at over EUR 500 million including a 94,969 m2 residential development pipeline in Brussels. No proprietary technology platform is disclosed.

Revenue is generated primarily through long-term rental income from leased healthcare and other income-producing properties and through capital gains on the acquisition, development, and sale of land and buildings. Portfolio and risk management are outsourced to Funds Avenue S.A., an independent CSSF-regulated alternative investment fund manager, while Prime Properties Management S.A. serves as General Partner. The vehicle is closed-ended for qualified investors, with no public offering and no disclosed external equity funding rounds.

Name

PRIME PROPERTY FUND EUROPE S.A. SICAV-RAIF

Legal name

Prime Properties S.C.A., SICAV-SIF

Website

https://primeproperties.lu

Company type

Private

Founded year

2016

Operating status

Operating

Short description

Prime Properties S.C.A., SICAV-SIF is a Luxembourg-domiciled, CSSF-regulated umbrella real estate fund offering institutional, professional, and qualified investors (minimum EUR 125,000) access to eurozone healthcare, residential, office, and logistics property through three sub-funds (HCE, DPE, LTPDE).

Ownership category

akta.pro rank

Product category

Real Estate Alternative Investment Fund

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Investors, Nec (6799), Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Estate Funds — Core-Plus (FSANAEAG)

Keywords

• Real estate investment
• Alternative investment fund
• SICAV-SIF structure
• Property development
• Healthcare real estate

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Others

Revenue model

1. Real estate rental income: Long-term lease agreements generate rental income from tenants across residential, office, commercial, logistics, and healthcare properties. HCE assets are 100% leased under long-term contracts by a major global operator in elderly health care.
2. Capital gains and property arbitrage: The fund pursues acquisition, development, and sale of real estate assets (land, offices, residential developments) to generate capital gains. LTPDE sub-fund focuses on land acquisition and development for residential, office, and business purposes, with a 10–15 year investment horizon. DPE acquires land in Luxembourg for future development with a 5–7 year horizon.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Prime Properties S.C.A., SICAV-SIF is a Luxembourg-domiciled specialized investment fund structured as a multi-compartment umbrella vehicle that invests in income-generating real estate across the eurozone and Switzerland. It operates three sub-funds — HealthCare Europe (HCE) for healthcare real estate, Defensive Properties Europe (DPE) for land acquisition in Luxembourg, and Long Term Property Development Europe (LTPDE) for residential, office, and business developments — offering qualified investors diversified exposure to European real estate through long-term leases and capital gains.

Product overview

Prime Properties SCA SICAV-SIF is a Luxembourg-based umbrella fund (multi-compartiment) structured as a specialised investment fund (SICAV-SIF) governed by Luxembourg Law. The fund operates three distinct sub-funds: HealthCare Europe (HCE), which invests in healthcare real estate across France, Switzerland, and Spain; Defensive Properties Europe (DPE), focused on land acquisition for development in Luxembourg; and Long Term Property Development Europe (LTPDE), targeting real estate development and income-generating properties across Luxembourg, Belgium, and France. The fund is managed by Funds Avenue S.A. (CSSF-regulated) with Prime Properties Management S.A. as General Partner.

Differentiator

Problem solved

Functional benefit

Brands

• Long Term Property Development Europe (LTPDE): Sub-fund active since December 2018, investing in land acquisition for residential, office and business real estate developments and acquisition of existing properties generating rental income across the eurozone, particularly Luxembourg, Belgium and France. Investment horizon of 10–15 years.
• Defensive Properties Europe (DPE)
• HealthCare Europe (HCE)

Products and services

• Prime Properties SCA SICAV-SIF A Luxembourg-domiciled umbrella fund (multi-compartiment) structured as a specialised investment fund (SICAV-SIF) governed by Luxembourg law, enabling institutional, professional, and qualified investors to participate in European real estate development, holding, and financing across multiple sub-funds.
• HealthCare Europe (HCE) A sub-fund focused on the acquisition, development, financing, management, and sale of real estate assets in the health sector, including care homes, nursing homes, rehabilitation clinics, and clinics; assets are 100% leased under long-term contracts by a global leader in elderly healthcare, with portfolio valued at over €240 million.
• Defensive Properties Europe (DPE) A sub-fund that acquires land for future real estate development (residential, offices, and business) primarily located in Luxembourg, with a 5–7 year investment horizon.
• Long Term Property Development Europe (LTPDE) A sub-fund focused on land acquisition for real estate developments (residential, office, and business) and acquisition of existing income-generating properties across the eurozone; portfolio includes the Windhof office (8,700 m²), Universalis Park Brussels residential development (94,969 m²), and Seclin office (3,500 m²), with a 10–15 year investment horizon.

Quantifiable outcome

• HCE assets: 8 properties, over 240 million euros in value, 100% leased across France, Switzerland, and Spain
• +1 more outcomes

Named customers1 record

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

Two partnerships are on record, tiered core.

• Prime Properties Management S.A.coreOthersPrime Properties Management S.A. serves as the General Partner (associé-gérant commandité) of the fund, vested with administrative authority over Prime Properties S.C.A., SICAV-SIF. It is part of the fund's internal governance structure.
• Custodian bank (credit institution under Luxembourg Law of 5 April 1993)coreOthersThe fund is obligated under Luxembourg law to entrust its assets to a custodian bank, which must be a credit institution within the meaning of the amended Luxembourg Law of 5 April 1993 on the financial sector. The custodian performs dual duties: custody of fund assets and monitoring the regularity of certain transactions.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Aviva Investors Real Estate: Aviva Investors manages European and UK real estate strategies for institutional clients across core, income, and development — comparable in investor base and eurozone focus, though as part of a large insurance-owned asset manager.
• Invesco Real Estate: Invesco operates European and global real estate funds across core, value-add, and debt strategies — overlapping with Prime Properties' investor type and geographic focus, but at meaningfully larger scale and with more diversified products.
• DWS Real Estate: DWS manages European and global real estate funds spanning core, value-add, and opportunistic strategies — overlapping with Prime Properties' HCE, DPE, and LTPDE sub-funds but as part of a much broader institutional platform.
• Union Investment Real Estate: Union Investment is a major European real estate fund manager offering open-ended and closed-ended vehicles across office, residential, retail, and logistics — comparable to Prime Properties in geographic focus and product breadth but with significantly higher AUM.
• AXA IM Alts: AXA IM Alts is one of Europe's largest institutional real estate and infrastructure investors with diversified strategies across the continent — a broad incumbent comparable to Prime Properties in asset class and geography, but operating at far greater scale.

Direct peers

• ICG Real Estate: Intermediate Capital Group's real estate division invests across European core-plus, value-add, and development strategies — comparable in institutional investor base, eurozone focus, and multi-strategy closed-ended fund structure to Prime Properties.
• Redevco: Redevco is a specialist European urban real estate investor focused on retail, residential, and mixed-use — comparable in pan-European scope, niche specialisation, and long-term investment horizons to Prime Properties' LTPDE and DPE sub-funds.
• Patrizia: Patrizia is a European real estate investment manager offering direct investments and funds across residential, commercial, healthcare, and development strategies — closely comparable to Prime Properties' multi-compartment approach across healthcare, office, and development.
• Catella Real Estate: Catella manages European real estate funds and mandates across logistics, residential, and office, with a focus on mid-sized pan-European vehicles — similar in niche scale, eurozone focus, and multi-fund structure to Prime Properties.
• Triuva (Garbe Institutional Real Estate): Garbe Institutional Real Estate (formerly Triuva) is a European real estate investment manager focused on logistics, office, and residential value-add strategies — closely comparable to Prime Properties in mid-sized institutional focus and pan-European footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 PRIME PROPERTY FUND EUROPE S.A. SICAV-RAIF