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ReFine workshop: Real estate financing and SCPI illiquidity: a solution via over-the-counter transactions

Brongniart Palace, 75002 Paris
December 1, 2025
December 1, 2025 9:00
->
December 1, 2025 12:00

On the program of this event

9:00am: Welcoming participants - Palais Brongniart, 4th floor

9:15: Introductory remarks by Kévin Beaubrun-Diant and Béatrice Guedj, scientific directors of the ReFine research network.

9:30 - 10:30: Real estate financing

  • Presentation by Denis Moscovici, Senior Advisor at the Institute for Real Estate and Property Savings (IEIF)

10:45 - 12:00: SCPI illiquidity: a solution via over-the-counter transactions

  • Presentation by Christophe Neves, 2nd Market

In 2025, more than 2.3 billion euros in SCPI shares remain blocked, waiting for resale, with an average period of more than 600 days. More than 100 years of waiting on some SCPIs... or a few weeks on 2nd Market. 2nd Market is the first digital platform dedicated to the resale of SCPIs in all simplicity and security.

It allows transactions by mutual agreement, supervised by a notary. Our objective is simple: to make this market more fluid, faster and more accessible. 2nd Market unanimously obtained the Finance Innovation competitiveness cluster label in June 2025. This recognition testifies to the innovative nature of 2ndMarket and its interest in the French financial center.

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