17. September 2012 
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BNP Paribas Real Estate with more than €675 million transaction volume in Europe
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). Total investments by BNP Paribas Real Estate since 1 January 2012 stand at €617.8 million in four countries, Belgium, Germany, France and Italy.
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“.
Focus on the French market:
BNP Paribas Real Estate Investment Management France records a transaction volume for managed funds of €308.07 million in H1 2012 The transaction volume for managed funds recorded by the management company, BNP Paribas REIM France*, grew strongly to in excess of €308.07 million in the first half of 2012 from €246.55 million in the same period in 2011.
Investments:
BNP Paribas REIM France invested some €298.98 million on behalf of regulated funds since 1 January 2012. Corporate real estate: 22 assets were purchased for a total of €268.98 million (commission and fees included) on behalf of managed funds; in addition to acquisitions for yield REITs, particularly in Arcueil and Fontenay sous Bois, BNP Paribas REIM France concluded its first acquisitions of health-care institutions on behalf of the HPF1 real-estate mutual fund (OPCI), and actively continued acquisitions of shopping arcades and business parks for the SPF1 real-estate mutual fund (OPCI). Acquisitions of five office and retail assets are committed for a total of €88.53 million.
Residential property: the Pierre Avenir 2 fiscal REIT has completed its investment programme with the acquisition of 61 apartments in three developments in Rennes, Persan and Palaiseau. The Pierre Avenir 3 REIT has acquired 80 apartments in five developments; reservation contracts have been signed for 39 apartments in two developments. The acquisitions programme under way since the start of the year and amounting to some €30 million has bolstered the positioning of the residential units managed by BNP Paribas REIM France in the Paris region.
Arbitrage: The first half of 2012 saw BNP Paribas REIM France sell property worth €9.1 million, including €7.52 million in corporate real estate realised through the sale of seven assets. Four sale commitments were signed valued at €24 million.
Residential: 10 apartments were sold for an overall total of €1.59 M. According to Jacqueline Faisant, Chairperson of BNP Paribas REIM France, „the volume recorded reflects dynamic sourcing, with for France: €11 billion in corporate real estate and almost €1 billion in residential property; the teams at BNP Paribas REIM France have successfully implemented our policy of extending our reach to the health-care sector, acquiring two portfolios comprising nine nursing homes (EHPAD) and three clinics. We intend to continue our acquisitions policy in the latter half of the year with a similar objective, especially in the health-care sector.“
*portfolio management companied authorised by the French financial markets authority, the AMF
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“.
Focus on the French market:
BNP Paribas Real Estate Investment Management France records a transaction volume for managed funds of €308.07 million in H1 2012 The transaction volume for managed funds recorded by the management company, BNP Paribas REIM France*, grew strongly to in excess of €308.07 million in the first half of 2012 from €246.55 million in the same period in 2011.
Investments:
BNP Paribas REIM France invested some €298.98 million on behalf of regulated funds since 1 January 2012. Corporate real estate: 22 assets were purchased for a total of €268.98 million (commission and fees included) on behalf of managed funds; in addition to acquisitions for yield REITs, particularly in Arcueil and Fontenay sous Bois, BNP Paribas REIM France concluded its first acquisitions of health-care institutions on behalf of the HPF1 real-estate mutual fund (OPCI), and actively continued acquisitions of shopping arcades and business parks for the SPF1 real-estate mutual fund (OPCI). Acquisitions of five office and retail assets are committed for a total of €88.53 million.
Residential property: the Pierre Avenir 2 fiscal REIT has completed its investment programme with the acquisition of 61 apartments in three developments in Rennes, Persan and Palaiseau. The Pierre Avenir 3 REIT has acquired 80 apartments in five developments; reservation contracts have been signed for 39 apartments in two developments. The acquisitions programme under way since the start of the year and amounting to some €30 million has bolstered the positioning of the residential units managed by BNP Paribas REIM France in the Paris region.
Arbitrage: The first half of 2012 saw BNP Paribas REIM France sell property worth €9.1 million, including €7.52 million in corporate real estate realised through the sale of seven assets. Four sale commitments were signed valued at €24 million.
Residential: 10 apartments were sold for an overall total of €1.59 M. According to Jacqueline Faisant, Chairperson of BNP Paribas REIM France, „the volume recorded reflects dynamic sourcing, with for France: €11 billion in corporate real estate and almost €1 billion in residential property; the teams at BNP Paribas REIM France have successfully implemented our policy of extending our reach to the health-care sector, acquiring two portfolios comprising nine nursing homes (EHPAD) and three clinics. We intend to continue our acquisitions policy in the latter half of the year with a similar objective, especially in the health-care sector.“
*portfolio management companied authorised by the French financial markets authority, the AMF
