“Novaxia R” is open for marketing. This is the first life insurance fund in the recycling of offices into housing.
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The first life insurance fund specializing in the recycling of offices into housing is finally available. Its creation was announced last January: “Novaxia R” is “Now available for sale under Suravenir contracts »Announces the press release of March 25. Savers can thus invest in a residential and responsible real estate fund, which aims to respond to the housing shortage. This fund will transform obsolete office buildings, which will save “50% carbon footprint compared to new construction”, adds Novaxia. In addition, the takeover of existing buildings avoids the artificialization of soils, in line with the bill resulting from the Citizen’s Climate Convention, which aims to halve the net artificialization of soils by 2030.
The “Novaxia R” fund is labeled Socially Responsible Investment (SRI). The objective is to produce 4,000 housing units, representing an investment of 1.3 billion euros, resulting from the transformation of 180,000 square meters of offices.. “Due to the rise of teleworking, 3 to 6 million square meters of office space could be freed up. This vacancy is a potential source of future value for savers ”, says Joachim Azan, founding president of Novaxia. Suravenir is a partner of this launch and “Provides its distribution partners with the possibility of listing this new fund in all of the life insurance contracts offered”, specifies the press release.
Performance of 5% per year
The fund aims for a performance of 5% per year, but it involves risks, warns Novaxia, in particular of loss of capital and liquidity, linked to the real estate market. “Prior to any subscription, we recommend that you read the general information and risks appearing in the investor information document”, informs the press release. Life insurance remains the leading savings channel in France with more than 1.700 billion euros in assets.
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