BELGIUM - BNP Paribas Real Estate Property Management has announced it is acquiring Aberdeen Property Investors Belgium.

Aberdeen Property Investors Belgium has only recently been created following the integration of Goodman Property Investors, but the firm has now sold its Belgian division to BNP Paribas, for an undisclosed sum, in what is described as part of API's expansion and integration strategy of its business.

Lauric Leclerc, chief executive of BNP Paribas Real Estate Property Management will oversee 2.2m sq.ft of Belgian commercial property under management once the deal is completed, as Aberdeen Property Investors Belgium currently manages of over one million sq.ft of domestic commercial real estate.

Amira Tahirovic-Halilovic, a spokesperson for BNP Paribas Real Estate, said there would be no staff changes for the time being, as the two companies have their own client portfolios.

BNP Paribas Real Estate Property Management now has commercial real estate under management with a total of 25m sq.meters, according to Henry Gast, chairman of BNP Paribas Real Estate Property Management, which itself is a subsidiary of BNP Paribas Real Estate managed by Frederic Van de Putte.

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