Matinale AFFO - May 13, 2025

May 13 - At the Matinale on May 13, AFFO brought together its members to discuss a key topic: "Club deal real estate investments: how to select an operation?"

Club deal investing has won over investors thanks to its flexibility, its ability to pool risk, expertise and capital, and its access to ambitious, differentiating real estate projects. For families, it is a lever for diversification
diversification, alignment of interests and value creation.

The morning session featured three high-quality presentations:

• Eglantine Lioret, a partner at Desfilis Avocats, brilliantly deciphered the legal and tax issues at stake: structuring, ownership, transfer... Each stage was illustrated by concrete case studies, with a great deal of pedagogy.

• Sophie Debode, in charge of the real estate offering at Société Générale Private Banking, gave us a clear and operational typology of the different types of club deals: "Friends & Family", retail club deals and institutional club deals.... with a balanced analysis of the advantages and pitfalls of each model.

• Nicolas Jullien, Deputy Managing Director of Perial Investment & Development, shared his vision of a "value add" strategy: restructuring, repositioning, value creation... through concrete examples of projects, their structuring and timetable.

Many thanks to Christine Chiozza-Vauterin, Chairman of our Real Estate Commission, for her unfailing commitment and organization of this session, which was greatly appreciated by our members.
appreciated by our members.

And a big thank you to Sophie Ferlay-Bourdarie of Société Générale Private Banking for her warm and attentive welcome to the Group's head office.