Present in seven countries and boasting strong positions in France, Germany and Italy, BNP Paribas Real Estate’s Investment Management business line reported transaction volumes of over €1.7 billion in Europe as at 30 September 2014.
Business sectors are office (26% of total), retail (21%), logistic (19%) and healthcare (13%) properties. France, Germany and Italy accounted for nearly 90% of these transactions.
Investment: Since 1 January 2014, BNP Paribas Real Estate Investment Management has invested €987 million on behalf of its clients, including €415 million in France, €328 million in Italy, €231 million in Germany.
Arbitrage: Since the beginning of the year, the amount of assets sold stands at €760 million, including €343 million in Germany, €200 million in Italy and €48 million in France.
“Since 1 January 2014, business has been very strong in Italy, France and Germany. These are key countries for institutional investors where we have been present since late 2013 following the acquisition of iii-investments,” said Henri Faure, Deputy Chief Executive of BNP Paribas Real Estate in charge of Investment Management. “BNP Paribas REIM manages over €18 billion worth of assets in Europe. We would like to strengthen our position and maintain focus on the breakdown of our businesses between regulated funds and third-party management. The majority of acquisitions have been focused on core strategies.”
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