The Luxembourg based investment fund Sireo Immobilienfonds n°4 Sicav has awarded a portfolio management mandate to BNP Paribas Real Estate and its european subsidiaries.
The total investment volume will amount to around € 1 billion – € 200 million are intended to be invested in the french market alone.
With approximately € 11 billion under management, Sireo Real Estate Asset Management GmbH is one of the leading asset management companies for large real estate portfolios in Europe.
This mandate was awarded to BNP Paribas Real Estates following a joint proposal made by Atisreal Müller in Germany and Atisreal-Auguste Thouard, Comadim and Asset Partenaires in France.
About BNP Paribas Real Estate
BNP Paribas Real Estate is continental Europe’s number 1 real estate services firm.
With 2 300 professionals and present in 7 european countries, BNP Paribas Real estate registered an annual turnover of € 350 million in 2003. The group has 3 main areas of activity : real estate services (commercial real estate consultancy, asset management, property management, valuation), property development and financial participation.
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