On behalf of its SCPI Épargne Pierre Europe, the Atland management company has just acquired a Campanile hotel in Germany. This transaction is perfectly in line with the company's strategy, led by Bruno Juin in charge of hotel investments.
A strategic acquisition
This latest acquisition involves a 169-room hotel located in Duisburg, between Düsseldorf and Essen. Scheduled for completion in 2020, the property is leased to Louvre Hôtel Group under a 15-year fixed lease.
“This transaction perfectly embodies our strategy of investing in recent assets, secured by long-term leases, while expanding our geographical footprint in Europe”. - Bruno Juin, Hospitality Investment Director at Atland
This transaction also follows on from last year's acquisition of the ibis Budget Bilbao City hotel, which is operated by the Continuum hotel group. The company thus appears to be particularly interested in the budget hotel sector.
Controlled development
The purchase of this Campanile hotel also echoes what Bruno Juin told us in a previous interview, when he explained that the emphasis is on “finding hotel premises and an operator with whom we have signed a lease. Priority will be given to France, Spain, Italy, Germany, the Netherlands and Ireland”.
The choice of operator with whom to collaborate is also essential for Bruno Juin, “the aim being to have security on the operating side and to build a long-term relationship with the tenant”. As for the size of the properties selected, “I'll be giving priority to properties with between 50 and 300 rooms, in categories ranging from 2 to 4 stars”.
Atland currently has 4.5 billion in assets under management, and “is at a strategic turning point, with the aim of developing new skills and integrating specialists in each field, both in investment and asset management”, emphasizes the hospitality investment director.
This strategy is reflected in the April acquisition of the entire share capital of Keys REIM, a company specializing in the management of alternative real estate investment funds. This acquisition “reinforces Atland's capabilities in regulated management for professional clients through innovative, long-term dedicated funds”.
SCPIs more dynamic than ever
Atland's hotel strategy is based primarily on two SCPIs, Épargne Pierre and Épargne Pierre Europe. The former's payout rate has been stable for 5 years (5.28% in 2024), while the latter's has risen to 6.75% in 2024.
Both real estate investment vehicles are benefiting from sustained net inflows, enabling them to diversify their portfolios through new opportunities.
While the objectives for 2025 and beyond are cautious but realistic for Épargne Pierre, with a focus on consistency rather than outbidding, the outlook for Épargne Pierre Europe is far more ambitious. Indeed, the company is counting on a forecast distribution rate in excess of 6% and continued international expansion, thanks in particular to its entry into the German market with this new acquisition.
