Tourisme & Territoires

Tourisme & Territoires is a real estate vehicle managed by Atream and domiciled in France, where it operates as an open-end FCP authorised under the FPS regime and marketed as an ELTIF under the ELTIF 2.0 framework. The fund launched in 2025 and is denominated in EUR. Its value added mandate implies acquisition of assets requiring repositioning, refurbishment or re-letting before stabilised income is established, so capital deployment and value realisation are tied to asset-level business plans rather than to day-one yield. The summary risk indicator is reported as 4.

The ELTIF 2.0 regime allows the vehicle to be distributed to retail investors, and distribution is currently domestic. As an open-end structure, dealing is governed by the fund's own subscription and redemption mechanics rather than by a fixed drawdown schedule, and investors should read the liquidity management tools and any gating or deferral provisions in the offering documents alongside the illiquid nature of the underlying property holdings, which are typically slower to transact than the dealing cycle implies. Portfolio exposure by region is shown in .

Within the Novantigo coverage universe of 494 vehicles as of 31 Aug 2026, the fund is one of 44 real estate funds, one of 80 domiciled in France, and one of 8 that combine both characteristics, which is the most direct comparison set for scale and flows. Current assets under management are shown in and the direction of asset growth since launch in , each benchmarked against that peer group.