SCPI Pierre Altitude

SCPI Pierre Altitude is a vehicle for investors wanting to participate in the mountain tourism real-estate market. We work with respected leaders in the local economy to develop quality investments that increase tourist traffic and bed occupancy.
  • Mountain tourism real estate investment
  • Exposure to an active and dynamic market

Strengths

Invest in unique recreational rental real estate, carefully selected by our expert team, that meets holidaymaker needs on an active and dynamic market.
4,80%
2019 distribution rate
14,1 years
Residual fixed lease term at 30/6/202
100%
hotel, tourist residences and tourism accommodation real estate
4 shares
Available from

Everything you need to know

Know more about the SCPI

  • Real-estate investment trusts (SCPI) are unlisted collective property funds invested exclusively in property.
    All types of investors wanting to invest long-term in the real estate market are eligible.
    Investment begins at several thousand euros, in exchange for a risk of capital loss and reduced liquidity and provide the following benefits:
    – indirect access to real estate markets traditionally reserved for professional investors;
    – full delegation of management to a property specialist;
    – potential additional revenue;
    – a diverse approach to real estate risk.
    The recommended investment term is 10 years. The SCPI bears the costs for investment and property management.
  • In compliance with section 8 of the CGI (General Tax Code), the SCPI is tax-transparent and is not subject to French corporation tax.
    A progressive income tax rate is applied to individual shareholders and corporation taxes to legal entities.
    Individual shareholders can declare their property income in the “micro-foncier” plan (under certain conditions) or the “régime réel d’imposition”.
    For individual French residents, revenue from cash investments are taxable in the capital investment income category.

    General principle of French income tax
    Revenue generated by the company, such as capital gains realised on sale or withdrawal of shares, is directly taxable on the basis of shareholders’ individual circumstances and proportionate to their shares in the SCPI.

    French property revenues and capital gains are subject to social security levies of 17.20%.

    General principle of foreign income tax
    – Foreign property revenue is subject to taxation in the country where the property is located.
    Tax is paid at the source.
    Foreign revenues are not subject to French social security levies.
    – SCPI revenue is declared and taxable in the investor’s property income category. Depending on the tax treaties between France and the countries where the SCPI invests, rebalancing mechanisms can be provided to avoid double taxation, such as a tax credit.

    For more information: see the SCPI Atream HĂ´tels information sheet that can be downloaded in the documentation section.

The associated risks

SCPI shares are a long-term investment for the purpose of diversification. In case of subscription with credit: Note: absence of guarantee for SCPI capital and income does not void reimbursement conditions of credit used for subscriptions. In the event of default, shareholders may be forced to sell their shares and may lose capital. Resale of shares may not cover repayment of the credit.
  • The SCPI bears a risk of capital loss: capital invested is not guaranteed.
  • Profitability of SCPI investment is generally determined by:
    (1) potential or possible dividend payments. This depends on property lease terms and may develop randomly over the duration of the investment;
    (2) the amount of capital you will receive, either on the resale of your shares or, if applicable, on SCPI liquidation. This amount is not guaranteed and depends mainly on the development of the real estate market concerned over the total investment duration.
  • The withdrawal or sale of shares is subject to a prearranged purchase agreement. As a result, the time frame for share resale varies with purchase requests in the market.
  • We draw investors’ attention to the fact that SCPI Atream HĂ´tels is legally authorised to use direct and indirect debt, from banks or other lending bodies, up to 40% of the value of the assets to finance investments. This is in compliance with the decision of the constituent general assembly of 14/9/2016 that real estate investment can be financed with debt up to 100% of its acquisition value.
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