Club-Deal Carré
Montaigne
Presentation
The Club-Deal Carré Montaigne
concerns the acquisition of two fully leased luxury boutiques located on Paris’s most prestigious commercial artery.
Action A – Accessible from 10,000 €
Action B – Accessible from 100,000 €
Fund eligible under Article 150-0 B ter of the French Tax Code (CGI), under the parent-subsidiary regime and excluded from IFI.(1)
(1) Disclaimer: Tax treatment depends on each investor’s individual situation, and the arrangements presented may be subject to subsequent modification.
Risque immobilier :
Une baisse de la valeur des actifs immobiliers est susceptible d’entrainer une baisse de la valeur des parts.
Risque de perte en Capital :
Le capital investi n'est pas garanti
Risque de liquidité :
La stratégie d’investissement mise en œuvre repose sur l’investissement dans des actifs immobiliers non cotés qui, par définition, ne sont pas liquides. En conséquence, l’investisseur pourrait ne pas récupérer son investissement à tout moment.
A proactive asset management approach will reposition the boutiques to ultra-luxury standards, thereby creating optimal conditions to maximize rental value.
Name: AXS Holding 2
Legal form: AXS Holding 2 is an alternative investment fund (AIF) within the meaning of Directive 2011/61/EU of 8 June 2011 under French law, qualifying as Other AIF referred to in Article L. 214-24 III of the CMF.
The company is constituted as a joint-stock company with board of directors (SA).
SFDR Classification: The Company does not integrate or promote environmental and social characteristics as part of its investment strategy. It is subject to the provisions of Article 6 of the SFDR Regulation.
Duration: 5 years + possible extensions by shareholders in extraordinary general meeting for 2 successive periods of 1 year each.
Categories of shares:
Share A (1): 10,000 euros
Share B (1): 100,000 euros
(1) Investors in the Company may be non-professionals or professionals as defined in articles L. 533-16 and D. 533-11 of the French Monetary and Financial Code (CMF), depending on the category of shares concerned.
Subscription period: Starts on October 29, 2025 and ends on June 30, 2027.
Loans: Maximum LTV ratio of 75%.
Liquidity / lock-up period: No redemptions possible during the subscription period. Transfer of shares subject to conditions and approval by the Board of Directors.
Fees and commission for the Manager:
Management fee of up to 0.75% excluding tax per year of the gross asset value.
Subscription commission:
0%, no subscription commission.
The other fees borne by the company are detailed in the bylaws and the investor information document of the company.
Target yield, after taxes and after performance fees as targeted by the Information Document:
Parts A: 10% (not guaranteed)
Parts B: 12% (not guaranteed)
How to subscribe? Directly on our website via your personal account.
Taxation. “Depending on the shareholders’ tax regime, any capital gains and income related to holding the Company’s shares may be subject to taxation.
Subject to corporate income tax (IS)
Not included in the scope of the real estate wealth tax (IFI)
Eligible under Article 150-0 B ter of the French General Tax Code (CGI)
Not eligible for the PEA
Warnings and Risk Factors
Subscription or acquisition, transfer or assignment of the shares of this FIA, directly or through an intermediary, is reserved for authorized investors in accordance with the Information Document and subject to approval by the Management Company.
AXS Holding 2 SA (the “SA“) is an Other FIA within the meaning of Article L. 214-24 III of the Monetary and Financial Code which is neither approved nor declared with the Autorité des Marchés Financiers (“AMF”). The SA has received marketing authorization from the AMF.
This document is an advertising communication. Potential investors are invited to refer to the Investor Information Document, the SA’s Bylaws, and the Key Investor Information Document (DIC) before making any final investment decision. This document does not constitute an investment proposal or an offer to sell, nor is it a recommendation to make an investment or transaction. This document provides no assurance of the suitability of the SA to the investor’s financial situation, risk profile, experience, or objectives. This document has no contractual value. It is up to investors to carefully consider the related contractual documentation and to seek from professional advisors any information they deem useful regarding the legal, tax, and financial consequences of their investment.
Before subscribing to shares in this SA, we draw your attention to the importance of becoming aware of the risks involved:
- Risk of capital loss/no guarantee of repayment of the invested amounts: this investment vehicle offered by Aroxys provides no capital protection guarantee. An investment in the SA constitutes a long-term commitment presenting a high risk, without assurance of profitability. It is possible that investors may lose all or part of their investment in the SA.
- Risk of insufficient diversification: due to the acquisition of a very limited number of Real Estate Assets, the profitability of the SA could be adversely affected in the event of an unfavorable market situation in the commercial real estate sector and the geographical areas in which the Company is invested.
- Risk related to discretionary management: the Management Company carries out the missions entrusted to it in a discretionary manner, according to the conditions provided for in the Bylaws, the Management Agreement, and in compliance with this Information Document and in particular the investment strategy. In any case, the Management Company must act in accordance with the corporate interest of the SA and the common interest of the Shareholders. Discretionary management relies on the Management Company’s assessment of complex investment qualities, the selection of specific real estate assets, and the anticipation of real estate market developments. However, there is a risk that this assessment may be contradicted by investment performance and that the SA may not be invested at all times in the most performing markets or real estate assets. The Net Asset Value of the Company could be negatively affected. Similarly, the SA’s performance may be lower than the management objective.
- Risk related to the real estate market and holding of target assets: the value of real estate assets held directly or indirectly is subject to the evolution of the real estate market in the area where they are located. A depreciation of this value cannot be excluded.
- Risk related to a new structure: the SA is a new entity that has not yet made any investments. There is no guarantee that the Management Company will achieve the SA’s investment objective. Therefore, it is possible that an investor may suffer a significant or total loss of their investment in the SA.
- Technical risks related to the execution of works: certain events may cause delays, cost overruns, inability to complete or suspension of works. There is a wide variety of technical risks including: unforeseen requests from utilities, design errors affecting the area and technical feasibility of the project, bad weather, natural disasters, failure of contractors (bankruptcy, liquidation), access difficulties to the site, supply difficulties of materials and equipment, technical defects, site damage, bodily injury on the site, theft, and vandalism causing degradation of the work.
- Risk related to the legal form: the SA is incorporated as a public limited company governed by Articles L. 225-1 et seq. of the French Commercial Code. All applicable operating rules are governed by the Commercial Code, the Information Document, and these Bylaws. These rules are less flexible than other legal forms and may limit the SA’s ability to carry out certain operations and/or formalities or lengthen the time required to complete these operations and/or formalities.
- Risk related to preliminary audits (or “Due Diligence”): Aroxys will conduct preliminary audits (or “due diligence”) before any potential investment by the SA. No guarantee is given that these audits will be exhaustive or conclusive and that all material risks related to potential investments will be identified.
- Specific risk related to development operations: The SA may also undertake or be indirectly exposed to development operations that may expose it to the following risks: (i) risks related to construction as a project owner; (ii) risks of default by the developer, project manager, general contractors and all trades; and (iii) risks of delayed collection over time from the completion of the construction of the building and its letting. Accordingly, the SA will directly or indirectly bear the rental risks normally associated with such assets. Development operations expose the SA to a potential decrease in Net Asset Value due to non-collection of rent, depreciation of immobilized capital, or technical
- The risk factors are presented in more detail in the Information Document of the SA.
For more information, you can contact us.