// definition
Reconstitution value
Theoretical cost of acquiring an equivalent French SCPI portfolio
Short definition
Realisation value plus the costs of acquiring an equivalent property portfolio, including acquisition costs and the subscription commission. This concerns transactions, not the physical reconstruction of buildings. It provides a reference for issuing new units; it is not a floor under resale prices for existing units.
risk atlas
Knowledge map
Primary sources
- HSBC REIM, Élysées Pierre offering documentPage 9: reconstitution costs and subscription pricing. French-language source.