Not all SCPIs are bogged down by falling unit prices, eroding yields or liquidity issues. Norma Capital, which has just published solid results for its three SCPIs, had a particularly busy year in 2024 in terms of acquisitions.
The SGP raised €167.5m, but signed up €265m of investment. "We have kept the capital raised in 2023 to invest massively in 2024, taking advantage of the fall in market values and interest rates," points out Faïz Hebbadj, Chairman of Norma Capital.