A building yielding 2.1% net
Held directly for thirty years, weakly profitable but carrying €1.8m of latent gain. Selling was expensive; contributing it to a structure before gifting was costed as an alternative.
ASTÉRALE Cassinia › Holding and arbitrating property
An asset, not a collectionIn most substantial French estates, property has built up by sedimentation: one purchase, then another, each with the logic of its moment. Our work is not to buy more, but to make the whole coherent — and to say what should be sold.
Direct, property company on income or on profits, listed property funds, split ownership. Each has a different exit and succession cost: that is where the outcome is decided, not in the headline yield.
What should be kept, what should be sold, and in what order. A low-yielding asset with a large latent gain is not handled like its opposite.
Amortising or interest-only credit, asset backing, pledging a policy as security. Well-placed debt remains one of the few levers still available on a large estate.
Remobilising the value of a debt-free property to fund another operation, without selling and without triggering a gain.
Held directly for thirty years, weakly profitable but carrying €1.8m of latent gain. Selling was expensive; contributing it to a structure before gifting was costed as an alternative.
Six partners from two branches, expired management mandate, no decision possible for four years. The work started with the articles, not the buildings.
The policy pledged as security had lost 22%, with capital repayment due in three years. Refinancing was negotiated before, not after.
No, we are neither estate agents nor property dealers. We set the strategy and coordinate the parties you choose.
As one tool among others, never as a default answer. Their liquidity, entry costs and wealth-tax treatment must be looked at case by case.
It almost always depends on the succession horizon, not on income tax. It is a calculation, not a principle.
General information: this page is neither personalised advice, nor an offer, nor an investment recommendation. Legal and tax deeds are drawn up by your notary, lawyer and accountant, whom we coordinate. All investment carries a risk of capital loss. Regulatory statuses and full legal notice on the Legal notice page (French).
If you head a family estate that nobody sees in full any more, that is what the first meeting is for: rebuilding the whole picture and telling you, plainly, whether there is a case for working together.