French fund manager Viveris Reim said it intends to expand its fund management business with the launch of two Organisme de Placement Collectif en Immobilier (OPCI) vehicles for retail investors.

French fund manager Viveris Reim said it intends to expand its fund management business with the launch of two Organisme de Placement Collectif en Immobilier (OPCI) vehicles for retail investors.

The company is setting up a new investment fund which will focus on the creation of a 'green' real estate portfolio concentrating on commercial real estate projects as well as existing properties with a High-Quality Environmental standard.

'We have been the first real estate fund manager to develop OPCIs dedicated to the institutional sector which at the time seemed more mature, and this has allowed us to become a leading OPCI fund manager in France,' said Frédéric Bol, founder and managing director of Viveris Reim. 'These days, retail investors are clearly looking for a product less linked to the financial market and this is why we are launching this fund focused on green real estate development.'

Furthermore, Viveris is planning to raise up to EUR 60 mln by December for a second OPCI vehicle for retail investors which will represent a partnership with a major insurance group. The fund will be the first OPCI to have the possibility to convert to SCI Acavi and SPPICAV structures.

Created in 2007, Viveris Reim currently manages around EUR 2.2 bn worth of assets for its OPCI vehicles.