// definition
Reconstitution value
Theoretical cost of rebuilding a French SCPI portfolio
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Short definition
Realisation value plus the costs of recreating the SCPI’s portfolio, including acquisition costs and the subscription commission. It provides a reference for issuing new units; it is not a floor under resale prices for existing units.
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Primary sources
- HSBC REIM, Élysées Pierre offering documentPage 9: reconstitution costs and subscription pricing. French-language source.