{"id":291,"date":"2026-01-29T14:26:58","date_gmt":"2026-01-29T13:26:58","guid":{"rendered":"https:\/\/balmontconseil.com\/?page_id=291"},"modified":"2026-08-26T18:45:25","modified_gmt":"2026-08-26T16:45:25","slug":"scpi","status":"publish","type":"page","link":"https:\/\/balmontconseil.com\/en\/nos-solutions\/scpi\/","title":{"rendered":"Investment in SCPIs and wealth management"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u00ab&quot;Alexis, I want to invest in real estate to prepare for my retirement, but I don&#039;t have the time to manage tenants, nor the desire to deal with maintenance. Is there a way to collect rent without the hassles of direct management?&quot;\u00bb<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This question comes up systematically during my appointments. <strong>wealth management strategy<\/strong>. The answer lies in a tool that has become indispensable: the <strong>SCPI (Soci\u00e9t\u00e9 Civile de Placement Immobilier)<\/strong>. A true pillar of the <strong>wealth management<\/strong> Modern &quot;paper stone&quot; allows access to commercial real estate with unprecedented flexibility.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the house of <strong>Balmont Conseil<\/strong>, We do not see the SCPI as a simple financial product, but as a strategic building block of your <strong>real estate diversification<\/strong>. As\u2019<strong>Augmented Wealth Engineer<\/strong>, My mission is to use innovation and data analysis to select the best <strong>yield SCPI<\/strong> global, in order to transform your savings into an engine of sustainable income.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>1. What is a SCPI and how does it work?<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Definition: The strength of collective investment<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A SCPI is a collective investment structure whose purpose is the acquisition and management of a portfolio of rental properties (offices, retail, logistics, healthcare). By purchasing <strong>SCPI units<\/strong>, you become a co-owner of a shared real estate portfolio.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The mechanism of delegated management<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The operation is simple and relies on the <strong>management company<\/strong> :<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The collection:<\/strong> The SCPI raises funds from savers.<\/li>\n\n\n\n<li><strong>The investment:<\/strong> The management company buys buildings.<\/li>\n\n\n\n<li><strong>The management service:<\/strong> She finds tenants, collects rent, pays expenses and carries out repairs.<\/li>\n\n\n\n<li><strong>The cast:<\/strong> The profits (net rents) are distributed to the partners in the form of <strong>quarterly dividends<\/strong>, in proportion to their shares.<\/li>\n<\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">We generally distinguish between <strong>SCPI with variable capital<\/strong> (accessible at any time) fixed-capital SCPIs (accessible during capital increases or on the <strong>secondary market<\/strong>).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>2. Why integrate SCPIs into a comprehensive wealth management strategy?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;\u2019<strong>SCPI investment<\/strong> has established itself as a serious alternative to the\u2019<strong>direct real estate investment<\/strong>. Here&#039;s why she became the darling of the <strong>consultants in <a href=\"https:\/\/balmontconseil.com\/en\/gestion-de-patrimoine\/\">wealth management<\/a><\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Unprecedented accessibility (The Entry Ticket)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike buying an apartment, which requires a substantial down payment or massive debt, the <strong>entrance ticket<\/strong> The cost of investing in a SCPI is very low. You can start investing with just a few thousand euros, allowing you to tailor your investment precisely to your needs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Risk pooling<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">In a direct investment, if your tenant doesn&#039;t pay, your return drops to zero. With a SCPI (Soci\u00e9t\u00e9 Civile de Placement Immobilier), your risk is spread across dozens, even hundreds, of different properties and tenants. This is the principle of... <strong>risk pooling<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>A passive and hassle-free investment<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This is the major benefit for our executive or expatriate clients: the <strong>wealth management<\/strong> With no mental burden. You don&#039;t have to deal with water leaks or condo association meetings. It&#039;s pure <strong>passive investment<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>3. Advantages and Disadvantages: An Objective Assessment<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">To make an informed decision, you have to weigh both sides of the scale.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Advantages<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Attractive yield:<\/strong> THE <strong>historical performances<\/strong> Income-generating SCPIs often range from 4.5 % to 6 % net of management fees.<\/li>\n\n\n\n<li><strong>Thematic diversification:<\/strong> Access to sectors inaccessible via live streaming (clinics, Amazon warehouses, offices in Berlin).<\/li>\n\n\n\n<li><strong>Leverage effect:<\/strong> Possibility of doing a <strong>investment on credit<\/strong> to multiply its acquisition capacity.<\/li>\n\n\n\n<li><strong>Transparency and protection:<\/strong> Real estate investment trusts (REITs) are approved by the AMF (French Financial Markets Authority), offering a strong <strong>protection of savers<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Disadvantages<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Liquidity of shares:<\/strong> Unlike a life insurance policy in euro funds, the resale of shares can take a few weeks or months depending on the market.<\/li>\n\n\n\n<li><strong>Subscription fees:<\/strong> They are high (generally between 8 and 12), similar to the notary and agency fees of a conventional purchase. They are only amortized over the long term.<\/li>\n\n\n\n<li><strong>Capital risk:<\/strong> The value of the shares may fall if the <strong>real estate market<\/strong> is deteriorating.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>4. Selection criteria: How to choose your SCPI units?<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Not all SCPIs are created equal. At <strong>Balmont Conseil<\/strong>, our process of\u2019<strong>periodic evaluation<\/strong> based on several key indicators.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Internal Rate of Return (IRR) and Annual Return<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Beyond the dividend of the year, we analyze the IRR over 10 or 15 years to measure the overall performance (rents + revaluation of shares).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Occupancy Rate (ORR and TOP)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A <strong>occupancy rate<\/strong> A high financial value (close to 100 %) is a sign of good health and quality of the location of the buildings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Capitalization and seniority<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A SCPI with a large capitalization (several billion euros) often offers better resilience and greater liquidity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Carryover (RAN)<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">This is the SCPI&#039;s safety reserve. A good RAN (Retained Earnings) allows dividends to be maintained even in the event of temporary rental vacancies.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5. Expected returns and associated risks<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Expected earnings<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">THE <strong>SCPI yield<\/strong> consists of two elements:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>The dividend:<\/strong> Paid regularly (often quarterly).<\/li>\n\n\n\n<li><strong>The revaluation:<\/strong> If the value of the real estate assets increases, the price of the share is revalued upwards.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Associated Risks<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Risk of capital loss:<\/strong> The price of the shares is not guaranteed.<\/li>\n\n\n\n<li><strong>Income risk:<\/strong> Rents can fall in the event of a major economic crisis.<\/li>\n\n\n\n<li><strong>Liquidity risk:<\/strong> The management company does not guarantee the repurchase of shares.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>6. Who is suitable for investing in SCPIs? (Case studies)<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;\u2019<strong>collective investment<\/strong> investing through SCPIs adapts to many <strong>investor profiles<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case #1: The senior executive seeking future income<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Objective: To prepare for retirement without increasing current taxes.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Balmont Strategy: Acquisition of bare ownership shares in a SCPI (French real estate investment trust). For 10 years, the client receives no income (therefore 0 tax), but buys the shares at a discount of 35%. Upon retirement, they regain full ownership and begin receiving 100% of the rent.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case #2: The expatriate wishing to maintain a link with France<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Objective: To diversify one&#039;s assets in Euros.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Balmont Strategy: Investment in European thematic SCPIs (Germany, Spain) to benefit from reduced taxation (no social security contributions of 17.2 %).<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Case #3: The Prudent Saver<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Objective: To make dormant capital grow.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Balmont Strategy: Holding SCPI units within a life insurance and SCPI contract. This allows you to benefit from the tax advantages of life insurance and greater liquidity of the units.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>7. Taxation: Control the impact on your income<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">SCPI income is generally considered to be <strong>rental income<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Standard taxation:<\/strong> Marginal Tax Rate (MTR) + 17.2 % of social security contributions.<\/li>\n\n\n\n<li><strong>Balmont optimization:<\/strong> We often favour SCPIs invested abroad for our clients <strong>fiscally transparent<\/strong> in order to take advantage of international conventions and a <strong>tax saving<\/strong> substantial.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>8. Balmont Conseil: Your International Stone-Paper Partner<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Investing in SCPIs requires a comprehensive approach. Choosing alone on an online platform means risking overlooking the tax and inheritance implications of your project.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Our added value: Augmented engineering<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Why go through <strong>Balmont Conseil<\/strong> ?<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Independent Selection:<\/strong> We have access to the entire market. We are not tied to any <strong>management company<\/strong> especially.<\/li>\n\n\n\n<li><strong>International Vision:<\/strong> We are experts in <strong>international wealth management<\/strong>. Whether you are in Dubai, London or Paris, we structure your investment according to your tax residence.<\/li>\n\n\n\n<li><strong>Audit and Monitoring:<\/strong> We are carrying out a <strong>periodic evaluation<\/strong> of your SCPI holdings to ensure they always correspond to your <strong>wealth management strategy<\/strong>.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>FAQ: Everything you need to know about SCPIs<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Q1. How does the acquisition of shares work?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After a financial review with your Balmont advisor, we complete a subscription form. The purchase can be made in cash or through real estate financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q2. What are the subscription fees?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">These fees are included in the share price. You don&#039;t pay them at the time of purchase, but they are deducted upon resale. This is why SCPIs are a long-term investment (minimum 8-10 years).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q3. What is a SCPI? <a href=\"https:\/\/balmontconseil.com\/en\/ressources\/etudes-de-cas-patrimoniales\/defiscalisation-des-hauts-revenus-strategies-et-optimisation\/\">tax exemption<\/a> ?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">They allow you to directly reduce your taxes (like the Pinel or Malraux schemes), but their returns are often lower. At Balmont, we often favor income-generating SCPIs (real estate investment trusts) for their economic efficiency.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q4. Can I invest through a company (SCI or Holding)?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Absolutely. It&#039;s an excellent strategy for capitalizing on Corporate Income Tax (CIT) and optimizing the transfer of your assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Q5. What annual return can be expected in 2026?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market has stabilized around 4.8 % to 5.2 % for the best diversified SCPIs, with peaks at 6 % for thematic SCPIs (logistics, health).<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion: Take a step back and look at your real estate portfolio<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The SCPI is the tool for peace of mind. It reconciles the stability of real estate with the flexibility of financial investment. Whether your objective is the <strong>revenue generation<\/strong>, there <strong>retirement preparation<\/strong> or the <strong>protecting your family<\/strong>, It deserves a central place in your portfolio.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Your wealth is architecture, we are its guardians.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.google.com\/search?q=https:\/\/balmontconseil.fr\/contact&amp;authuser=4\" target=\"_blank\" rel=\"noopener\">Schedule an appointment with Alexis Sagnier for your Personalized Stone-Paper Assessment<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Sources &amp; References:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>Annual report of ASPIM (French Association of Real Estate Investment Companies).<\/em><\/li>\n\n\n\n<li><em>AMF statistics on real estate savings.<\/em><\/li>\n\n\n\n<li><em>International tax treaties (OECD).<\/em><\/li>\n\n\n\n<li><em>Historical performance of income-generating SCPIs (2015-2025).<\/em><\/li>\n\n\n\n<li><em>Guide to property taxation for non-residents.<\/em><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>\u00ab Alexis, je veux investir dans l\u2019immobilier pour pr\u00e9parer ma retraite, mais je n&rsquo;ai ni le temps de g\u00e9rer des locataires, ni l&rsquo;envie de m&rsquo;occuper de travaux. Existe-t-il une solution pour percevoir<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":2,"featured_media":0,"parent":69,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-291","page","type-page","status-publish","hentry"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/comments?post=291"}],"version-history":[{"count":1,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/291\/revisions"}],"predecessor-version":[{"id":1180,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/291\/revisions\/1180"}],"up":[{"embeddable":true,"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/pages\/69"}],"wp:attachment":[{"href":"https:\/\/balmontconseil.com\/en\/wp-json\/wp\/v2\/media?parent=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}