Hi Ludovic,
I can reproduce this issue. Since the .settings file can’t be created directly in a shared project, the designer view may be also not supported. But the error seems to be strange, as it says '.NETCore,Version=v4.5.1'. As you know, there’s .NET Framework 4.5.1 or .NET Core 3.1 but there’s no .NET Core 4.5.1. I have submitted a ticket on our Developer Community, here’s the link: Share a .settings file with a shared project, please kindly follow up that thread.
Currently, I think, no workarounds for shared project, but is "Add As Link" feature acceptable maybe(Right-click the project > Add > Existing Item… > select the .Settings file > click to choose Add As Link)?
Best Regards,
Tianyu
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