Praemia REIM, previously known as Primonial REIM, is a key player in European real estate asset management. Our global vision, combined with in-depth knowledge of the local markets, gives us special access to the European real estate markets so that our institutional and individual clients can benefit from the best opportunities in all asset classes: office, healthcare and education, retail, residential and hotels.
We devise, structure and manage a wide range of real estate investment solutions for these clients that are appropriate to their risk profiles and strategies and generate income over the long term. Praemia REIM is a player that is fully aware of the impact of real estate on the planet and society. We integrate environmental, social and governance (ESG) issues in the company’s operations and in the investment solutions that we manage.
Key Figures:
- €38bn+ assets under management
- 61 investment funds
- Assets located in 11 European countries
- 90,000+ investors
- 550 employees
- 7 established offices in Europe (France, Germany, Italy, Spain, UK, Singapore and Luxembourg)
- 100% of our office investments undergo an ESG financial rating process
- 90 criteria included in our assessment grid for the non-financial rating of office assets
- €18bn of assets invested in healthcare and education real estate.
Sector forecasts
HEALTHCARE: The imbalance between supply and demand for healthcare services and accommodation for the elderly will continue in the years to come. We know that demographic pressure will remain strong and will continue to increase well after 2029.
OFFICE: The European office market is facing a period of adjustment with: • flex office organisation (shared workstations); • the rise of generative AI, with the risk that this new technology represents for traditional office employment, underlining the importance of robust employment growth to support occupier demand; • and finally, the sustainability of offices.
INDUSTRIAL: Retail users should continue to benefit from the dynamism of e-commerce. Logistics will face several challenges over the next few years. Investment will need to be made in both digitisation and robotics to improve supply chain efficiency and space optimisation. The obsolescence of certain buildings that have not made the transition will accelerate.
RESIDENTIAL: The housing market has favourable fundamentals. Indeed, the imbalance between supply and demand for housing will fuel price growth under the combined effect of an easing of conditions for access to credit, a normalisation of inflation on real household income and a gradual fall in lending rates, in line with ECB policy.
RETAIL: While we are optimistic about sales, many challenges remain for the sector due to persistently high borrowing rates, household incomes eaten away by hyper-inflation, and rising bankruptcy rates. Physical retailing will continue to have to coexist with e-commerce.
Investment principles & strategy
Praemia REIM aims to provide strong and sustainable value for our investors over the long term by building resilient real estate portfolios, guided by a conviction-based allocation approach and in-depth knowledge of our target sectors.
Our vertically-integrated pan-European platform, with experts located in local markets, enables us to source, execute and manage the best opportunities for our clients.
We also believe that it is possible to combine the objective of generating an attractive yield with environmental and societal interests within the same real estate strategy. This is because investing in real estate is not just about investing in bricks and mortar, but also investing in the foundations of society.
A pioneer in socially useful investments, Praemia REIM is Europe’s foremost healthcare and education real estate manager with more than €18bn AUM in these sectors alone. Our portfolio is weighted towards sectors and assets which benefit from both economic and societal trends.
Strategic corporate development
As a major asset management player in Europe, Praemia REIM intends to continue its development based on an enriched range of products (for both individual and institutional investors) meeting the new expectations of investors in terms of investment themes and performance profiles, as well as by accelerating the internationalisation of its activities.
With an existing team of 550 employees across the continent, specialized by asset classes and covering the entire real estate value creation chain (acquisition, asset management, fund management, property management), Praemia REIM is well positioned to benefit from the opportunities to come in the next market cycle.
Performance verification
The performance of some of our funds and assets is compiled, calculated and verified by MSCI.
COMPLIANCE STATEMENT
Each of our entities has a designated compliance officer. All regulated issues are subject to compliance approval. The Data Protection Officer of Primonial REIM supervises and ensures all entities are compliant regarding the GDPR issues.
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