Glossary entry (derived from question below)
French term or phrase:
à vocation patrimoniale
English translation:
equity-based ; held as a capital asset / proprietary investment
French term
à vocation patrimoniale
"STRATÉGIE D’INVESTISSEMENT
Un portefeuille résilient au cœur de la stratégie.
La stratégie d’investissements du fonds vise à constituer un portefeuille totalement résilient, à partir d’actifs décorrélés des aléas du climat économique .
Le choix de concentrer les actifs principalement dans des secteurs contra-cycliques ou agnostiques au climat économique s’ajoute à des exigences de localisation et d’excellence des locataires, engagés sur des baux fermes de longue durée.
Ces critères permettent d’inscrire dans le portefeuille des actifs immobiliers Européens Core/ Core+ à vocation patrimoniale, sécurisés."
I have a fairly strong conviction that this has nothing to do with "heritage" properties. Patrimonial also means "economic" or "financial". But given that all the real estate properties bought by the fund are going to be bought in order to make money, what might they be getting at by this phrase? Particularly profitable real estate assets, perhaps?
| 3 | + equity-based |
Adrian MM.
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| 4 | for historic preservation |
Francois Boye
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| 4 | sustainable |
Libby Cohen
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| 3 | for purposes of heritage |
Lisa Rosengard
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| 3 | prestige property (fund/shares) |
SafeTex
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Nov 15, 2020 19:15: Adrian MM. Created KOG entry
Nov 15, 2020 19:16: Adrian MM. changed "Edited KOG entry" from "<a href="/profile/2688125">Adrian MM.'s</a> old entry - "à vocation patrimoniale"" to ""equity-based ; held as a capital asset""
Proposed translations
Austria
Retd.T&I, Barrister & Austro-Advokat
Native in: English (Variants: Scottish, British) 
Works in: Spanish to English, English to Spanish, French to English, and 5 more.
+ equity-based
Anyway, in the overally context, actifs immobiliers may parse into those à vocation patrimoniale.
I also considered: held as a capital asset, proprietary or (company-to-company) trade investment, but someone else may care to take any alternative 'ball' and run with it..
...] liquidity standing, recorded sizeable gains on our proprietary investments as a result of the financial market recovery, managed [...] in the second half of the year to stem the outflow of client funds almost entirely, and have maintained our client
Businesses and Capital Assets. A capital asset is generally owned for its role in contributing to the business\'s ability to generate profit.
United States
An economic geek with social skills
Native in: French 
Works in: English to French, French to English, Spanish to English, and 1 more.
for historic preservation
Source:Wikipedia
https://www.immobail.com/informations/strategies-d-investiss...
| neutral |
philgoddard
: The asker doesn't think this is the meaning, and I agree.
4 hrs
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what are your reasons? Did you read the attachment?
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| neutral |
SafeTex
: This is about an investment fund, not a donation towards "historic preservation"
2 days 2 hrs
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Canada
Exp. French-English translator/reviser
Native in: English
Works in: French to English, Norwegian (Bokmal) to English, Hebrew to English, and 4 more.
sustainable
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Note added at 2 hrs (2020-11-04 16:25:08 GMT)
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I feel in this case, given the French explanation provided by the asker, we are talking about more than simply heritage factors for buildings. The EU definition of core buildings clarifies the sustainability emphasis, to be able to withstand economic downturns.
Developed as a common EU framework of core indicators for the sustainability of office and residential buildings, Level(s) provides a set of indicators and common metrics for measuring the performance of buildings along their life cycle.
| neutral |
Suzie Withers
: "core" and "core+" refer to types of investment - see MamaG's reference in the discussion
17 hrs
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United Kingdom
experienced and well qualified linguist
Native in: English (Variant: UK)
Works in: Spanish to English, English, Spanish, and 3 more.
for purposes of heritage
"Ces critères permettent d'inscrire dans le portefeuille des actifs immobiliers à vocation patrimoniale, sécurisés."
"The criteria allow entries in the file of secured property shares, for purposes of heritage with cultural protection."
| neutral |
AllegroTrans
: How do you know? Any evidence? Asker has already says he doubts this
2 hrs
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prestige property (fund/shares)
I've fully read this thread and references and come to the conclusion that "patrimonial" is used in both senses, -heritage (like "listed building"/'National Trust") and "assets".
I get the impression that this is a longer term investment and as some of the buildings are no doubt listed or otherwise protected, your shares may indeed go to your children one day
Also, you are not just counting on the dividends but the value of the building itself
"Dans cette optique les investisseurs acceptent un rendement un peu moins sécurisé en échange d’une hausse potentielle de la valeur de leur immeuble. "
So it's not just about "historic preservation" nor "purpose of heritage" but a combination which if, you think about it, may be summarised by a term like "prestige property".
When you invest in "prestige property", both ideas are probably running through your head.
| neutral |
Francois Boye
: in Europe, they do not call a prestige property a component of national patrimony.
12 hrs
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this is about an investment fund. You can't invest in "national patrimony"
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Discussion
https://ec.europa.eu/commission/presscorner/detail/fr/PRES_0...
https://ec.europa.eu/commission/presscorner/detail/en/PRES_0...