SCPI Elevation Tertiom has acquired 35 new commercial properties in La Réunion's first ultra-marine eco-district, Cœur de Ville, with a projected gross yield of 8.5%.

Target Information

The SCPI Elevation Tertiom has acquired 35 commercial properties within the first ultra-marine eco-district located in La Réunion, with a projected gross yield of 8.5%. Following its recent acquisition in Saint-François, Guadeloupe, which boasted a projected gross yield of 11.90%, Elevation Tertiom, managed by Elevation Capital Partners, continues its investment strategy on the island of La Réunion. The new properties are situated in the commune of La Possession, as part of the mixed-use development project known as Cœur de Ville, which includes residential units, commercial spaces, and amenities.

This investment, valued at €19.9 million, is anticipated to produce a gross yield of 8.5%, making it a strategic move for Elevation Tertiom in a region poised for robust growth.

Industry Overview in La Réunion

La Possession has experienced significant demographic growth, with an increase of 21.5% from 2007 to 2017 and an expected rise of 13.5% by 2030/2032, aiming for a total po