SCPI Elevation Tertiom has acquired 35 commercial units in La Possession, La Réunion as part of the Cœur de Ville project, with an anticipated 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. This strategic investment, valued at €19.9 million, is part of the mixed-use project known as Cœur de Ville, situated in La Possession. Anticipated gross yield from this operation is projected at 8.5%. The newly acquired properties, which are set to be completed, will enhance the range of commercial offerings in the area, catering to the growing population.

Industry Overview in La Réunion

La Possession, La Réunion has experienced a significant demographic growth of 21.5% from 2007 to 2017, with an additional projection of 13.5% by 2030/2032, expected to bring the population to approximately 40,000 residents. This population increase highlights a rising demand for commercial spaces and services that meet the needs of both current and incoming residents.

In response to this dynamic, Opale, a leading real estate developer in La Réunion, initiated the Cœur de Ville project. This development embodies the first ultra-marine eco-district in the reg