A transaction volume of more than €675 million in Europe recorded by BNP Paribas Real Estate for its Investment Management activity in the first six months of 2012 for managed funds (56%) and third-party asset management (44%).
Sectors concern office real estate (€401 M, 59% of the total), retail (€122 M, 18%), health (€109 M, 16%) and residential (€43 M, 6% of the total).
Investments:
Total investments by BNP Paribas Real Estate since 1 January 2012 stand at €617.8 million in four countries, Belgium, Germany, France and Italy.
Arbitrage:
During the first half of 2012, BNP Paribas REIM sold €57.9 million in France and Italy.
David Aubin, who is the head of the international Investment Management business line at BNP Paribas Real Estate and Karl Delattre, CEO of BNP Paribas Real Estate Investment Solutions and Asset Partner, explain: “the first half of 2012 was marked by a high level of activity 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. We would also point out that while two-thirds of acquisitions were concentrated in core strategies, more than one-third in Italy and France were for value-added products”.