Value creation potential
Rental income, disciplined bank financing and property appreciation are three drivers of performance.
Neither performance nor capital is guaranteed.
Variable-capital property company · Since 2016
Invest in thriving local businesses, for a lasting portfolio.
COREALE enables private and professional investors to access a diversified commercial property portfolio selected and managed by professionals.
Our approach
Local retail properties, rental income and active management supporting a long-term strategy.
The investment thesis
Property investment without the burden of direct management.
By becoming a COREALE shareholder, you become a joint owner of commercial premises—exclusively town-centre shops—while delegating sourcing, financing, renovation, maintenance and property management.
A tangible portfolio
Physical shops that serve their neighbourhood, selected for their location, tenant and appreciation potential.
Predictable income
French 3/6/9 commercial leases and rent indexation against the ILC retail rent index provide visibility over rental income.
Diversified risks
Diversification across geographical areas and tenant sectors limits the impact of an isolated event.
A clear direction
Carefully selected local commercial property.
COREALE exclusively targets ground-floor commercial premises in town centres, in Paris and major regional cities, where a deep rental market and scarcity support long-term value.
Location first
Area vitality, visibility, footfall, accessibility and depth of the rental market.
Strong tenants
Business activity, track record, occupancy cost ratio, guarantees and remaining lease term are carefully assessed.
A prudent approach
Rent level, acquisition yield and appreciation potential guide every decision.
A sustainable asset
Architectural quality, energy performance and adaptability to future uses.
Our method
Our expertise in four stages.
From identifying an opportunity to a potential disposal, the team takes a long-term, asset-focused approach.
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01
Select
Analysis of the location, lease, tenant, building and local market.
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02
Finance
Structuring equity and debt with leverage suited to each asset.
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03
Manage
Tenant monitoring, works generally borne by the tenant, lease renewals and financial management of each investment.
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04
Enhance
Long-term income optimisation and assessment of the best holding or disposal options based on each asset's potential.
Investment examples
Committed governance
Experience serving your portfolio.
“We look for assets that are easy to understand, well located and capable of creating lasting value.”
Jean-Luc Heussler
Chairman of COREALE
An HEC Paris graduate, Jean-Luc Heussler has served as CFO and adviser to companies in France and abroad. For more than ten years, he has built and managed commercial property investment vehicles.
A strategic committee made up of members selected from among the shareholders oversees the company's activities and management.
Who is COREALE for?
Investors who think in years, not weeks.
✓ You want to diversify your portfolio through commercial property.
✓ You accept a medium- to long-term investment horizon.
✓ You are looking for delegated management and direct access to the manager.
Everything about COREALE
Frequently asked questions
Learn how COREALE works, its investment strategy and the key points to understand before becoming a shareholder.
How does COREALE differ from a French SCPI? +
COREALE does not operate like a widely distributed French SCPI property fund. It is a variable-capital property company organised as a close-knit shareholders' club. Investors hold shares in the company, know which assets are financed and have direct access to the manager. They participate in the property company's affairs through the general meeting and its governance.
Why invest in commercial premises rather than housing? +
A commercial lease offers a different framework from a residential lease: it is generally longer, the rent is indexed, guarantees are negotiated, and charges and works are allocated contractually within the limits of the law. The tenant is also tied to its location, which contributes to the value of its business. These features can make income more predictable without eliminating vacancy or non-payment risks.
How do shareholders participate in the property company? +
In addition to the annual general meeting, shareholders receive a quarterly newsletter and regular updates on acquisitions, tenants and portfolio management. A strategic committee made up of members selected from among the shareholders oversees the company's activities. The club's deliberately close-knit size also encourages direct contact with the manager.
How is value created for shareholders? +
Value may come from three sources: rent collected, gradual repayment of the debt used to finance the assets, and potential property appreciation. Long-term debt makes it possible to invest beyond the equity contributed by shareholders, creating a leverage effect.
What tax and wealth-planning framework applies to COREALE shares? +
Subject to compliance with legal requirements, unlisted shares may be held in French PEA or PEA-PME investment plans. They may also be gifted, inherited, partially transferred or split between usufruct and bare ownership. Eligibility and tax consequences depend on the company's and each investor's circumstances and must be checked with your account provider and tax adviser.
What investment horizon should I expect, and how can I sell my shares? +
COREALE is a medium- to long-term property investment, with a recommended horizon of at least five to ten years. The shares are unlisted, so selling them requires finding a buyer, and no resale timeframe can be guaranteed. You should therefore invest only sums you will not need in the short term.
What are the main risks? +
Neither capital nor performance is guaranteed. Vacancy, non-payment, works, the cost of debt, and changes in rents, regulations or property values may affect the value of the shares. Diversification across cities, tenants and business sectors aims to reduce the impact of an isolated event without eliminating the risk of loss.
Direct contact, with no intermediary
Speak directly with COREALE's manager.
Do you have a question about the property company or subscribing? Jean-Luc Heussler will personally answer you by phone or email.
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