Corporate overview 

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 10 globally.1 With 5,500 professionals based in 35 countries, it now manages more than €2.2trn assets.2 Headquartered in Paris, Amundi was created in 2010 and listed on the French stock exchange in 2015. In 2016, Amundi launched Amundi Real & Alternative Assets to provide easier access to unlisted investments. Bringing together capabilities in real estate, private debt, private equity, multimanagement, infrastructure and alternative assets. Amundi Real & Alternative Assets (ARA) manages over €71bn3 in real and alternative assets, with a dedicated team of 330 professionals based in investment hubs in Paris, London, Milan, Luxembourg, Barcelona, Madrid, Dublin and Zurich and more than 1,800 assets in 16 countries across Europe. As part of ARA, Amundi Real Estate is a company specialised in developing, structuring and managing European focus property funds, with €36bn of assets under management.3 With its fundraising power, Amundi has the ability to take part in Europe’s major real estate transactions. Amundi RE manages +1,200 properties and is an authorised management company active in France, Germany, Italy, the UK, the Czech Republic, the Netherlands and Luxembourg. Drawing on 40 years of expertise, Amundi RE manages all types of investment solutions for its French and European clients: club deals and joint ventures, tailor-made solutions, funds of funds, co-investments, dedicated mandates, and closed-ended or openended funds.

1 Source :IPE ‘Top 500 asset managers’ published in June 2024 and based on AUM as of 31 December 2023.

2 Amundi figures as of 30 September 2024.

3 Amundi figures as of 30 June 2024.

Investment principles & strategy

We designed a robust investment process in which an SRI policy is embedded at each stage: starting with a thorough analysis of European markets’ dynamics, supported by extensive asset sourcing capabilities, and followed by a stringent asset selection. Properties are then actively managed throughout the lifespan of the investment to create value and alpha. Three main principles define our investment philosophy:

  1. Fund allocation driven by multi-disciplinary research: To forge its market opinions, Amundi RE has developed an internal research capacity specialised in French and European real estate markets. Amundi Real Estate also benefits from Credit Agricole group’s macroeconomic and fundamental research as well as the investment strategy models produced by the Amundi group. This multi-disciplinary research contributes to suggest strategic allocations and to define return/risk profiles for existing and new funds.
  2. Strong expertise in a structured investment process: Our asset management teams are structured by the real estate sector, developing a very sharp specialisation in their area of activity. Clear, solid and formalised management processes and working procedures frame our management actions in order to avoid operational risk and conflicts of interest. With this management approach, thematic committees have been created to validate and agree each decision at each step of the process and favour confrontation of opinions.
  3. Strict risk control: We are pragmatic and prudent in our investment decisions, and nurture a strong risk-management culture. In addition to systematic risk controls, independent internal risk managers ensure compliance with regulatory constraints and the risk limits defined by each investor and for each product.

Strategic corporate development

Amundi RE has been a leading player in originating, developing and managing property assets in France and across all major European cities for 40 years. Our pan-European diversification strategy relies on local partnerships with the best experts in each country. We are therefore able to build the local ecosystems we need for the acquisition and management of our property assets. European real estate markets are diverse enough to provide opportunities that depend upon the economic situation, prospective, and major events that occur locally. Office buildings represent nearly 58% of our assets under management, but our diversification strategy leads us to cover all segments of the real estate market, from hotels to warehouses and commercial buildings. More than ever, we are targeting core assets, which enables us to forestall the destruction of value and performance in times of crisis. We aim to transform existing buildings into core ESG assets that comply with the highest environmental and energy consumption standards. We benefit from a diversified client base made up of both retail and institutional investors. They value our ability to give them access to the best real estate assets in France (Paris, Lyon, Marseille…) and over all major European cities: London, Berlin, Amsterdam, Prague, Milan. These investments are carried out via open or closed funds, club deals, coinvestments, and dedicated mandates. Drawing on its 40-year track record, Amundi RE manages all types of investment solutions for its French and European clients: commingled funds (closed-end and open-ended); dedicated funds; club deals and joint ventures; mandates, tailor-made solutions and funds of funds.

Performance verification

Amundi RE (corporate name: Amundi Immobilier) is approved by the French Securities Commission (Autorité des Marchés Financiers – AMF) under No. GP 07000033 and therefore follows its performance verification standards.

COMPLIANCE STATEMENT

These materials are provided for use by qualified institutional investors for informational purposes only and are not intended as solicitations of investment business. The information and opinions are based upon sources that are considered to be reliable, but no representation or warranty is made as to their completeness or accuracy. Past performance is not necessarily a guide to future performance. Further information is available on request. Amundi Immobilier is approved by the French Securities Commission Autorité des Marchés Financiers – (“AMF”) under No. GP 07000033