BNPP REIM takes on €600m German insurer mandate

Real estate asset manager BNPP REIM will take on a €600m Spezialfonds mandate for German insurer Gothaer Konzern.

The portfolio is set to consist of eurozone commercial real estate excluding Germany, with individual investments ranging from €20m to €80m, including predominatly Core and Core+.

Christof Kessler, board member in charge of investment at Gothaer Asset Management comments: Gothaer focuses increasingly on real estate with an emphasis on renewable energy. In the medium term, we aim to increase our real estate exposure to 10%. The new Europe portfolio will enable us to further diversify and expand our real estate investments whilst increasing the overall returns of our real estate holdings.”

Mona Dohle
Mona Dohle speaks German and Dutch and is DACH & Benelux Correspondent for InvestmentEurope.

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