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Real Estate for a changing world

BNP Paribas Diversipierre - Capturing the potential of European Real Estate

Diversipierre

BNP PARIBAS DIVERSIPIERRE - AT A GLANCE

Flexible
A flexible way to invest in Real Estate with liquidity*
 
Privileged
A privileged access to european institutional Real Estate
 
Greener
A way to contribute to a greener society

 

 

A meaningful and responsible way to invest in Real Estate

 

Label ISR

 

SFDR

 

Risk level

 

References to an award/label are not indicative of the future performance of the fund or the fund manager.

 

QuoteBNP Paribas Diversipierre is a real estate fund providing exposure to commercial real estate assets located in various cities across the Eurozone. Its blend of exposures to diverse real estate vehicles and asset classes offers its investors access to liquidity.Quote

Alexis ROBERT, Fund Manager

 

 

 

Risk of capital loss

The fund does not guarantee or protect the capital invested. Investors’ attention is drawn to the fact that the capital invested may not be recovered in full, even if investors retain their Shares for the entire recommended term of investment.

* Investors and prospects are informed that any subscription of shares in the fund or redemption of shares from the fund might take up to 7 working days to execute from the limit date of orders centralisation.

 

 

The Combined General Meeting of Shareholders of BNP Paribas Diversipierre - held on 26 January 2023 at 10:30 AM - approved the creation of new share classes.

 

Information concerning the General Meeting of 28 April 2023

The General Meeting of the OPCI BNP Paribas Diversipierre held on 28 April 2023 in the company's headquarters, 50, cours de l'île Seguin - 92100 Boulogne-Billancourt, and was able to validly deliberate on the resolutions submitted to it.

During this General Meeting, all 11 resolutions submitted to shareholders were adopted unanimously. 

 

BNP PARIBAS DIVERSIPIERRE - A BLEND OF ASSETS FOR A BALANCED PORTFOLIO...

BNP Paribas Real Estate Diversipierre blend assets balanced portfolio

... WITH A DIVERSIFIED TRULY EUROPEAN PORTFOLIO

Assets in portfolio

 Assets in portfolio as of 31/12/2021. Past acquisitions are not indicative of future acquisitions

European portfolio

  • France
  • Germany
  • Ireland
  • Italy
  • Luxembourg
  • Portugal
  • Spain

 

Spain Germany

Spain

Germany

 

France

France

 

Allemagne

Germany

  France

France

  Luxembourg

Luxembourg

Allemagne

 Belgium

  France

France

  Ireland

Ireland

For whom this share class is intended?

The share class C is strictly reserved for investors subscribing via intermediaries providing a portfolio management service through mandates and/or financial investment advice that do not authorize them to retain retrocessions either contractually or in application of the MIFID 2 regulation or any national regulation.

It is also intended for all investors subscribing shares through employee investment undertakings and all investors subscribing to shares through schemes (including insurance schemes) that do not authorize the retention of retrocessions either contractually or in application of the MIFID 2 regulation or any national regulation.

PERFORMANCE

Past performances do not prejudge of future performances.

 

risk indicator

 

The synthetic risk indicator is ranging from 1 to 7 (from lower risk to higher risk). In general, the investments with the highest potential return are also the riskiest. The higher the risk, the longer the recommended investment horizon. The SRI indicator is based on the historical volatility of the portfolio over the last 5 years. 

BNP PARIBAS DIVERSIPIERRE - SHARE CLASS C - KEY FIGURES*

 

Latest NAV

€97.97*

as of 15/05/2024

 

Cumulated performance since 2023

-13.25%**

as of 15/05/2024

Performance Year to date
 

-2.94%**

as of 15/05/2024

 

 

Volatility Year to date

+5.11%

as of 15/05/2024

 

* Past performances do not prejudge of future performances.

** Performances with reinvested dividends.

WHY INVEST IN BNP PARIBAS DIVERSIPIERRE

Accessibility
Accessibility
€100 minimum subscription*
Quality
Quality
Access to Commercial Real Estate, located across various European cities purchased and managed using proprietary and proven processes
Label ISR
Sustainability
All assets in portfolio are rigorously selected following ESG criteria. Our ISR label attests of our strong commitment towards the building of a better society

 

* We recommend a holding period of 8 years. Investors and prospects are informed that any subscription of shares in the fund or redemption of shares from the fund might take up to 7 working days to execute following the date from the limit date of orders centralisation. 

Risk of capital loss
The fund does not guarantee or protect the capital invested. Investors’ attention is also drawn to the fact that the fund may not perform in line with its objectives and that the capital invested may not be recovered in full, even if investors retain their Shares for the entire recommended term of investment.

Liquidity risk
The fund is exposed to liquidity risk as a result of low liquidity in the property market. Property sales require considerable time, which may be extended during periods of tension in this market. Consequently, the fund may find itself in a position where it is obliged to sell property at prices that are lower than their expert valuations. In such circumstances, there will be a negative impact on the net asset value of the fund.

Sustainibility risks
The FUND is exposed to sustainability risks, defined as any event or situation related to the environment, society or governance, which, if it occurs, may have a significant negative impact, whether actual or potential, on the income generated by the investment and/or its value. Environmental risk is the main ESG risk when it comes to managing property investments and may include both physical risks (for example, an extreme climate event) and risks associated with changes in circumstance (any new environmental regulation that may lead the FUND to incur direct or indirect expenditure). For example, new regulations may lead to the early obsolescence of the Fund’s property assets. If no corrective measures are taken, this could affect the value and/or liquidity of the asset on the investment market and/or its attractiveness for potential lenders. Investors are made aware of any potential capital expenditure that the FUND may incur to the extent necessary to maintain the value and liquidity of these assets. Such expenditure, if applicable, may temporarily reduce the income generated by the investment and, consequently, the return from the investor’s distribution.
Owing to the nature of sustainability risks and specific issues such as climate change, the likelihood that sustainability risks will have an impact on returns on financial products is likely to increase in the longer term.

DOCUMENTS

Type : Fund

Date of inception : 14/04/2023

Funds currency : EUR

ISIN : FR001400GPG1  

Key information document

Key Information Document 21 July 2023 Share Class C [pdf - 233 Ko]

KPIs & Historical returns

15.05.2024 KPIs & Historical returns Share Class C [pdf - 75 Ko]

30.04.2024 KPIs & Historical returns Share Class C [pdf - 72 Ko]

15.04.2024 KPIs & Historical returns Share Class C [pdf - 74 Ko]

28.03.2024 KPIs & Historical returns Share Class C [pdf - 74 Ko]

15.03.2024 KPIs & Historical returns Share Class C [pdf - 71 Ko]

29.02.2024 KPIs & Historical returns Share Class C [pdf - 75 Ko]

15.02.2024 KPIs & Historical returns Share Class C [pdf - 74 Ko]

31.01.2024 KPIs & Historical returns Share Class C [pdf - 72 Ko]

15.01.2024 KPIs & Historical returns Share Class C [pdf - 74 Ko]

29.12.2023 KPIs & Historical returns Share Class C [pdf - 74 Ko]

15.12.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

30.11.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

15.11.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

31.10.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

13.10.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

29.09.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

15.09.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

31.08.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

14.08.2023 KPIs & Historical returns Share Class C [pdf - 110 Ko]

31.07.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

13.07.2023 KPIs & Historical returns Share Class C [pdf - 75 Ko]

30.06.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

15.06.2023 KPIs & Historical returns Share Class C [pdf - 76 Ko]

31.05.2023 KPIs & Historical returns Share Class C [pdf - 74 Ko]

15.05.2023 KPIs & Historical returns Share Class C [pdf - 73 Ko]

Life of the funds*

 

Monthly report as of 28 March 2024 [pdf - 363 Ko]

Annual report 2023 [pdf - 3.86 Mo]

Monthly report as of 29 February 2024 [pdf - 378 Ko]

Monthly report as of 31 January 2024 [pdf - 412 Ko]

Quarterly report as of 29 December 2023 [pdf - 442 Ko]

Monthly report as of 29 December 2023 [pdf - 390 Ko]

Monthly report as of 30 November 2023 [pdf - 377 Ko]

Monthly report as of 31 October 2023 [pdf - 387 Ko]

Monthly report as of 29 September 2023 [pdf - 381 Ko]

Monthly report as of 31 August 2023 [pdf - 375 Ko]

Monthly report as of 31 July 2023 [pdf - 307 Ko]

Quarterly report as of 30 June 2023 [pdf - 289 Ko]

Monthly report (Share Class C) as of 30 June 2023 [pdf - 374 Ko]

Monthly report (Share Class C) as of 31 May 2023 [pdf - 380 Ko]

 

*Since the third quarter 2023, the quarterly reports of the first and third quarters of your OPCI are no longer published in accordance with article 422-184 of the Règlement Général of “AMF” (Autorité des marchés financiers) and article 28 of the 2011-23 instruction. The interim reports are still published and available on your management company’s website, as are the monthly reports.

Risk of capital loss
The fund does not guarantee or protect the capital invested. Investors’ attention is also drawn to the fact that the fund may not perform in line with its objectives and that the capital invested may not be recovered in full, even if investors retain their Shares for the entire recommended term of investment. 

Liquidity risk
The fund is exposed to liquidity risk as a result of low liquidity in the property market. Property sales require considerable time, which may be extended during periods of tension in this market. Consequently, the fund may find itself in a position where it is obliged to sell property at prices that are lower than their expert valuations. In such circumstances, there will be a negative impact on the net asset value of the fund.

Risks associated with the property market
Property investments made by the fund are directly or indirectly subject to the risks inherent in the ownership and management of property assets. In this respect, the performance and development of the invested capital is exposed to the risk associated with fluctuations in this asset class. Numerous factors (generally linked to the economy or more specifically to the property market) may have a negative impact on the value of the assets or participating interests held by the FUND and on its Net Asset Value. For more information, please refer to prospectus. The prospectus can be downloaded here.

Specific risks associated with development and off-plan sales transactions
The fund may engage in development transactions (property development contracts, delegated project management contracts etc.) and off-plan sales (VEFA) transactions, which are likely to expose it to the following risks:

  • Project management construction risks;
  • Risk of default by the developer, project manager or general contractors;
  • Risk of time-delayed revenue collection between completion of construction and rental of the building.

Development transactions expose the FUND to a potential reduction in Net Asset Value due to non-collection of rents, depreciation of fixed capital or technical disputes.

Counterparty risk
The FUND is exposed to counterparty risk: - on the property market, which may result in a loss of income in the event of non-payment by one or more tenants, which could lead to a fall in the Net Asset Value of the fund; - on forward financial instruments markets when one of the counterparties with whom a contract has been concluded fails to honour its commitments (for example, payment or repayment), which may lead to a fall in the net asset value.

Credit risk
A fall in an issuer’s credit quality may cause the value of the securities issued by the issuer to fall and lead to a decrease in the FUND’s net asset value.

Risk associated with the use of debt
The Management Company reserves the right to enter into debt in order to finance acquisitions and other work.
Under these conditions, fluctuations in the property market may have a considerable impact on the ability to repay the debt and fluctuations in the credit market may limit funding sources and significantly increase the cost of this funding. Leverage results in an increase in the investment capacity f the FUND and its performance but also in the risk of loss.

Interest rate risk
Interest rate risk is the risk that interest rate instruments may depreciate in value due to changes in interest rates. For example, an increase in interest rates is likely to reduce the market value of a fixed-rate bond. As the FUND may be invested in bond instruments or debt securities, an increase in interest rates may cause the net asset value to fall.

Currency risk
As part of the financial component's management, and more specifically as part of the strict framework for managing securities of listed REITs eligible to form part of the FUND's assets according to clause 2.3.b.i, the FUND may be required to hold securities denominated in currencies other than the euro. For reasons of clarity, it must be noted that other types of assets eligible to form part of the FUND's assets will be denominated in euro. Although a large part of the FUND's investments, income and expected expenses are denominated in euro, the FUND's activities as part of the strict framework for managing securities of listed REITs property companies may therefore be subject to risks of volatility in general exchange rates. For investments denominated in a foreign currency, the value of the investment in local currency will vary according to exchange rate fluctuations. The FUND may seek, at its discretion, to hedge the currency risk associated with the FUND's assets in countries that do not use the euro as their main currency. There is a risk that the hedging will not eliminate the full risk associated with the hedged amount. Moreover, as the hedging is only partial by design, the FUND remains exposed to the risk for any unhedged amount. Furthermore, there is no guarantee of the stability of the euro during the lifetime of the FUND. The payment of income and capital gains generated by the investments made by the FUND in some countries may depend on the existence of liquidity in the local currency concerned. It may be impossible or unfeasible to hedge the currency risk to which the FUND is exposed.

Equity risk
The FUND may be invested partly in property company shares. Equity markets may fluctuate significantly, with prices rising and falling sharply, and this will have a direct impact on the growth of the net asset value. Equity risk is also linked to small- and mid-cap company risk. The volume of securities listed on small- and mid-cap markets is relatively low. In the event of issues associated with low liquidity of these securities, these markets may experience greater, more significant and more rapid downturns than large-cap markets. Therefore, if the FUND is invested in equity markets, the net asset value of the FUND could fluctuate significantly, both upwards and downwards, particularly in periods of high volatility on the equity markets.

Risk associated with the use of derivative instruments
The FUND may use derivative instruments to hedge against adverse market exposure. There may be a risk of imperfect hedging that makes it impossible to fully protect the FUND from a fall in the value of the hedged assets. The net asset value of the FUND could therefore be affected.
The derivative products used may have low liquidity. Furthermore, the termination of a derivative product for any reason may have an adverse effect on the FUND’s net asset value.

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