Épopée Gestion was chosen to take over the strategic management of the Y Immo vehicle on April 16, 2025. This move is in response to the need to change manager in order to be backed by a leading real estate player. For Épopée Gestion, this represents a further step in its diversification strategy, extending its scope of activity to include funds of funds.
A strategic change for a new growth dynamic
Launched in May 2023, Y Immo is a property management company with variable capital, distributed by Yomoni. With a total capitalization of almost 50 million euros at March 31, 2025, the property company is offered exclusively in the form of non-capital-guaranteed units of account in life insurance policies through partner insurers, first and foremost Suravenir.
Following strategic changes made by the previous manager, the insurers decided to entrust the management of this vehicle to Épopée Gestion, a local player with proven expertise in the real estate sector. The management company will now be in charge of development and investment strategy. This move marks a new stage in the repositioning of Y Immo, and is part of a vision of greater diversification to take advantage of new dynamics and adjustments in the real estate market. The arrival of the new manager is also an opportunity to reaffirm the vehicle’s performance and growth targets of €100 million a year over the next three years.
Solid fundamentals and optimized management for future growth
The vehicle retains its fundamentals, with no entry or exit fees, and optimized management fees of 2.9% p.a. (including life insurance envelope fees). It also maintains its net annual return target (not guaranteed) of 5.5%, supported by a strategy now based on a regional allocation directly managed by Épopée Gestion, complemented by a selection of high-performance international funds managed by third-party asset management companies.
Past performance is no guarantee of future results
Past returns are no guarantee of future results
This performance-enhancing complementarity will also enable us to reconstitute optimal geographic and sector diversification. In particular, it will provide access to Épopée Gestion’s regional portfolios, which have achieved a 100% occupancy rate since their creation in 2021, and boast a total net return of 7.5% in 2024.
A strong ESG commitment to the future of real estate
As part of this management transfer, Y Immo will continue to benefit from the SRI (Socially Responsible Investment) label, with an ESG approach aligned with Épopée Gestion’s extra-financial practices. Épopée Gestion’s commitment to sustainable development is demonstrated by its careful management of environmental, social and governance impacts, complemented by a strong territorial strategy. Each investment is subject to an in-depth analysis, a rigorous process which ensures that the assets under management meet the high standards of the SRI label, while contributing to a better quality of local life and the preservation of the environment.
« We are delighted to be entrusting the reins of Société civile Y Immo to Épopée Gestion, whose reliability and exacting standards are recognized in the marketplace. This will enable Yomoni customers to benefit from the expertise of one of the best players in real estate management.» Sébastien d’Ornano, President of Yomoni
« We are particularly honored by the confidence shown in us by Yomoni and the insurers, two leading players in the management of French savings. By entrusting us with the strategic management of the property company Y Immo, we intend to write a new chapter together for this vehicle, and offer savers the best opportunities on the current market. With Yomoni, we share common values of accessibility and responsible commitment. We are part of a virtuous dynamic, with the ambition of enabling as many people as possible to give meaning to their savings by accessing a high-quality professional real estate offering. This democratization of real estate savings, particularly in the regions, is in line with Épopée Gestion’s mission-driven corporate objectives. » Ronan Le Moal, co-founder of Épopée Gestion