IMPORTANT
Investment in shares of SCI Goldstar Premier – CAPVIVA Capital Vie Vacances
In accordance with French law No. 86-18 of 6 January 1986 on companies for the timeshare allocation of buildings. (legifrance.gouv.fr)
The investor acquires shares in a Société Civile Immobilière (SCI, a French non-trading property company) rather than a property outright. These shares grant:
A right of enjoyment, allowing the holder to occupy an apartment for one or more weeks per year;
A right to rental income generated by the operation of the property. This investment is backed by a real property asset and forms part of a real-estate wealth strategy. It does not constitute a financial product within the meaning of the French Monetary and Financial Code.
Legal framework
SCI shares carrying a right of enjoyment are not considered financial instruments. They fall under real-estate investment and are therefore not subject to the same regulatory regime as shares, bonds or financial investment vehicles.
Furthermore, these shares are not negotiable securities within the meaning of the regulations applicable to transferable securities. Any transfer of shares is carried out by private or notarial deed and remains subject to the registration duties in force.
The asset benefits from particularly solid fundamentals:
Over 20 years of operating history;
A premium position in a high-demand tourism market;
A high, recurring occupancy rate;
Rental performance proven over time.
Of course, past performance is no guarantee of future results. However, the operating history shows that the average nightly rate has never fallen over the period observed, reflecting the asset's resilience and lasting appeal.
This model can be compared to a form of "fractional Airbnb": each shareholder holds a share of a professionally operated real estate asset and may choose to prioritise personal use, rental income, or a combination of both.