Strengthening H1 real estate activity at BNP Paribas

The investment management business line within BNP Paribas Real Estate recorded a transaction volume of more than €675m in Europe in H1, comprising 56% for managed funds and 44% for third party management.

The sectors involved include office real estate (€401m, or 59% of the total), retail (€122m, or 18%), health (€109m, or 16%) and residential (€43m, or 6% of the total).

Total investments by BNP Paribas Real Estate since January 1 stand at €617.8m in Belgium, Germany, France and Italy. During H1, BNP Paribas REIM also sold €57.9m of investments in France and Italy.

David Aubin, head of the international Investment Management business line at BNP Paribas Real Estate, said H1 activity was strong in all countries. “We are especially happy to have tied up our first investment in Germany and to have stayed the course in terms of the breakdown of our business between regulated funds and third-party asset management, for mandates or club deals for institutional clients.”

He said two thirds of acquisitions were concentrated in core strategies, but the balance was for value-added products in Italy and France.

BNP Paribas Real Estate includes the Investment Management business line in the international arena; in Europe, this entity had €13bn in assets under management in the first six months of 2012. Karl Delattre is CEO of BNP Paribas Real Estate Investment Solutions.

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