BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has announced that it saw inflows of over €3.1bn in 2017: €1.7bn new cash achieved in funds and €1.4bn in separate accounts/mandates.
At the end of the year, BNP Paribas REIM managed €27.4bn of assets in Europe (+ €3.3bn vs 2016): €12bn in France; €5.2bn in Italy; €5bn in Germany; €3.6bn in BeNeLux and €1.6bn in other countries. Three-quarters of investors in BNP Paribas REIM’s funds are institutional investors.
BNP Paribas REIM achieved a real estate transaction volume of about €4.8bn (€3.5bn investments and €1.3bn divestments), a record high.
BNP Paribas REIM is mainly invested in offices (61%), followed by retail (17%), residential (9%), mixed buildings (5%), and other asset classes such as technical, healthcare, hotel and leisure (8%).
Barbara Knoflach, Global Head of BNP Paribas Real Estate Investment Management, commented: “Being part of one of the most successful real estate networks in Europe in combination with our focus on long-term, sustainable outperformance contributes to strong growth. We are proud to have been able to expand our private clients business outside France and to on-board new separate accounts/mandates for institutional investors.”
BNP Paribas REIM is BNP Paribas Real Estate’s business line dedicated to investment management. It is a full service provider covering the entire life cycle of European property investments in all European countries and sectors. With more than 50 years of experience, BNP Paribas REIM provides investors with sensible, long-term investments in European real estate generating income and creating value.
BNP Paribas REIM’s real estate professionals blend local expertise with global practices and benefit from strong real estate networks throughout Europe. Its expertise covers the full spectrum of real estate investment management, including all elements of strategy and solutions, investment, development, asset management, structuring, risk management as well as strategic research.