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SCPI valuation

We estimate the real estate assets of SCPIs and support them to create value

BNP Paribas Real Estate - Valuation supports all types of SCPIs: SCPI for diversified assets (offices, shops, warehouses, tourism.) and SCPIs for housing (residential or residential property) known as tax SCPIs (Pinel, Malraux, Deficit Foncier). We offer tailor-made services and a high level of responsiveness at every stage of the valuation process. Our valuations enable you to meet your legal obligations, obtain relevant valuations at the time of acquisition, and optimise the real estate assets of your SCPI to create value.

Whether the SCPI's assets are located in Île-de-France, other regions in France or Europe, the strength of our territorial and international network allows us to value all asset portfolios. As one of the leaders in real estate valuation, we collect, analyse and use a large amount of data to refine our valuations. Our teams of specialized experts produce valuations that take the specificities of each asset (location, market, land and building characteristics) into account. Finally, we provide reliable answers to the specific problems and needs of each SCPI.

 

Solutions adapted to your needs

The obligation of valuations every 5 years

Your Needs 

The real estate assets of a SCPI must be subject to valuation every 5 years by a real estate appraisal expert. This assessment is then updated annually. The appraised value determines the realisable value (market value of buildings + value of other assets) and the reconstitution value (realizable value + costs of reconstituting the real estate portfolio such as rights, acquisition costs of buildings, etc.).

 

Our solutions

The property value enables portfolio management companies to set the price of the units of open-ended SCPIs in a relevant manner. For fixed-capital SCPIs, it makes it possible to compare the intrinsic value of assets and their exchange value (execution price) on the secondary market. This allows us to determine whether the SCPI is overpriced or discounted depending on whether the execution price is higher or lower than the realisable value. As a founding member of AFREXIM, BNP Paribas Real Estate - Valuation guarantees a reliable and impartial view of the real value of an SCPI's assets.

Valuation in the case of acquisitions

Your needs

SCPIs are advised to make a real estate valuation before acquiring an asset to ensure that the purchase price is consistent with the market value of the property. The real estate valuation thus confirms the quality of the proposed investment.

 

Our solutions

Our experts analyse and exploit comprehensive and qualitative information on markets, regulations and products. This information is based on the experience acquired by BNP Paribas Real Estate - Valuation as a European leader in real estate valuation and on the work carried out by our Research and Data Management departments. Thanks to the density of our territorial network and our multispecialised teams of experts, we guarantee that SCPIs receive relevant and reliable assessments.

Identifying elements that create value

Your needs

SCPIs may face a discount on the value of their assets, particularly when they are composed of aging assets. They may also suffer a drop in yields, for example if there is too much rental vacancy. They are therefore looking for solutions to increase the value of their assets and improve their returns.

 

Our solutions

The IAMF Directive has eased the functioning of the SCPIs: they can conduct arbitration policies. We support SCPIs in their efforts to sell the least qualitative real estate assets with a view to acquiring more profitable assets. We also provide advice on determining the amount of work to be done and measuring its impact on valuation and rents. Finally, we help SCPIs identify opportunities for the diversification of asset types (health, tourism, green real estate, etc.) and investment in other European countries.

They trust us

Our Belief

Our position as a European leader in real estate valuation gives us the ability to analyse all SCPI asset portfolios, regardless of their complexity and geographic distribution. We offer you the best knowledge of the market, both locally and at European level, on all types of assets.

Contact us

Our real estate experts bring you an answer adapted to your needs

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