Drawing on our experience and in-depth knowledge of the Luxembourg real estate market, we carefully select development projects, which may be residential, office or retail.
Through our expertise and true dynamic management, we target short/medium term capital growth by repositioning our assets in their market to enhance their value through transformation and revitalisation works to improve efficiency and increase value creation potential. Our assets are generally vacant or technically obsolete and require significant works to achieve an attractive overall return from the optimisation works carried out.
MIMCO AM’s investments in the Grand Duchy of Luxembourg will be grouped in the capital city of Luxembourg-City or in its first suburbs and will aim at
• The conversion of obsolete city centre commercial buildings to residential use;
• The revitalisation of residential buildings with the aim of improving their energy efficiency;
• The development of new high quality real estate projects that meet the latest energy standards.
In France, MIMCO Asset Management wishes to invest through dedicated funds or Club Deals in mixed-use city centre projects that will be able to respond to the acceleration of new trends and changes in people’s lifestyles, especially those in large urban areas. Telecommuting and the development of e-commerce with home delivery are consequences that are pushing people to invest more in the comfort of their homes in order to meet the various current societal challenges (low carbon footprint, SRI certification, etc.), meet the needs of communities and limit land artificialisation and CO2 emissions.
MIMCO AM’s investments in France will therefore be concentrated in major cities with the aim of
• Converting obsolete city centre commercial buildings into residential or similar uses (co-living, student residences, senior service residences);
• The development or redevelopment of real estate projects that improve the comfort of residents with the provision of local services (shops, parcel lockers/last mile logistics);
• The development of SRI-certified commercial real estate projects (offices/logistics) in markets with strong rental demand.
MIMCO Asset Management will thus draw on the experience of its teams in order to implement a policy in favour of sustainable, connected and humane real estate, in line with developments and new uses in the sector.
The main objective of MIMCO Club-Deal is to achieve capital growth in the short to medium term by capitalizing on investment opportunities in the European real estate sector.
MIMCO Club-Deal envisages a strategy of investing in real estate assets that are intended to become primarily residential, office and logistics development projects or properties with restructuring opportunities.
The Club-Deal will offer investors exposure to diversified, high quality real estate assets, covering in particular the Luxembourg market with so-called "Value Added" assets offering a potential for value creation and which will be acquired on the market either through auctions, inheritance sharing or as a result of arbitration by the owners.
The sale of the assets in the portfolio will be considered in order to generate a one-off capital gain.
Land assets for development of real estate projects
Buildings to be refurbished / change of use
Auctions, inheritance divisions, arbitrations
Purchases of potential forward funding sales
MIMCO ASSET MANAGEMENT
Address: 87 Boulevard Haussmann – 75008 Paris
With a capital of 400.000€
RCS Paris: 898 003 124
AMF approval n° GP-21000018
The tax implications depend on the individual situation of each client. It may be subject to change in the future. Investors are therefore advised to consult their own legal, tax and financial advisors regarding the regulatory, tax, domiciliary and accounting considerations applicable to them.
Capital gains for individuals:
Capital gains legal entities:
Tax on real estate wealth:
In view of the Fund’s business operations, investors holding (directly or indirectly with other members of their tax household for tax on real estate wealth purposes) less than 10% of the Fund and the SPVs will not be subject to tax on real estate wealth on the value of the Fund shares.
Investment Eligible for Article 150-0 B TER.
MIMCO Grand-Ducal invests in real estate development operations or buildings to be refurbished with high value creation potential, with a focus on the Grand Duchy of Luxembourg.Find out more
MIMCO Revitalize’s main objective is real estate revitalization and pan-European residential property development, with a focus on Germany.Find out more
The MIMCO Green Value fund’s main objective is to make investments primarily in logistics development and real estate revitalization in France.Find out more
Dedicated fund management and asset management mandate for a value-added operation of a prime asset, located at 150 Champs Elysées, to be restructured of about 20.000 sq.m.