Amundi is Europe’s largest asset manager by assets under management and ranks 1st in Europe in office real estate* as well as in the 100 largest infrastructure investment managers**. With 4,800 professionals based in 36 countries, it now manages more than €1.7trn of assets*** across six investment hubs and provides clients in EMEA, Asia Pacific and Americas with robust investment solutions including passive, active and real assets.
Headquartered in Paris, Amundi was created in 2010 and listed on the French stock exchange in 2015. In 2016, Amundi launched Amundi Real Assets (ARA) to provide easier access to unlisted investments. Drawing on decades of experience in private markets, Amundi facilitates access directly or indirectly through funds of funds to real assets for institutional and retail investors. Bringing together capabilities in real estate, private debt, private equity, infrastructure and Impact investing, ARA is comprised of 220 specialists and manages €58 billion of AuM*** invested in nearly 2,000 assets in 16 European countries.
Rooted in Europe’s most renowned banking networks, Amundi Real Assets benefit from unique access to sourcing, financing and distribution opportunities, and is positioned as a leader in the industry.
As part of ARA, Amundi Real Estate is a company specialised in developing, structuring and managing European focus property funds. With over €40bn of assets under management***, the firm is number one in France in terms of fundraising and assets under management for SCPI and retail OPCI (IEIF – March 2020), and is n°1 across Europe for office real estate. With its fundraising power, Amundi has the ability to take part in Europe’s major real estate transactions, with €3bn invested every year on average. Amundi Real Estate is an authorised management company active in France, Germany, Italy, UK, Benelux, Czech Republic and Austria. Drawing on 40-year track record, Amundi RE manages all types of investment solutions for its French and European clients: club deals, co-investments, dedicated mandates, and closed-ended or open-ended funds.
*Source : IPE Real Assets ranking – 30/06/2020
**Source: IPE Real Assets ranking – 30/06/2020
***Source: Amundi as at 31 March 2021
Investment principles & strategy
We designed a robust investment process in which a 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 Real Estate has developed an internal research capacity specialised in French and European real estate markets. Amundi Real Estate also benefits from Credit Agricole group’s macro-economic and fundamental research as well as the investment strategy models produced by the Amundi group. This multi-disciplinary research contributes to suggest strategic alloca- tions 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 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 Real Estate is a leading player in originating, developing and manag- ing property assets in France and all major European cities for 40 years. Our pan-European diversification strategy relies on local partnerships with the best experts in each country. This partnership strategy gives us the nimbleness to create the local ecosystems we need for acquiring, developing and managing our property assets all over Europe. Office buildings represent over 75% of our assets under management, but our diversification strategy leads us to cover all segments of the real estate market, from hotels to commercial buildings and supportive housing. More than ever, we are targeting core assets, which allow us to forestall the destruction of value and performance in times of crisis. We should be able to boost performance by focusing on development strategies, which benefit from a risk premium that is 100–200 basis points higher. We call this strategy ‘manage to core’. We aim to transform existing buildings into core ESG assets that comply with the highest environmental and energy consumption standards, avoiding commercialisation risks.
We benefit from a diversified client base made up of both retail and institu- tional 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.
Drawing on its 40-year track record, Amundi RE manages all types of investment solutions for its French and European clients: club deals, co-investments, dedicated mandates, and closed-ended or open-ended funds.
Amundi Real Estate (corporate name: Amundi Immobilier) is approved by the French Securities Authority (Autorité des Marchés Financiers – “AMF”) under No. GP 07000033 and therefore follows its performance verification standards.
These materials are provided for use by qualified institutional investors for informa- tional 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 Authority Autorité des Marchés Financiers – “AMF”) under No. GP 07000033.
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