A consortium led by BNP Paribas Real Estate Investment Management (REIM) has acquired L’Oréal’s headquarters in Germany from Die Developer Projektentwicklung.
BNP Paribas REIM France, acting on behalf of the OPCI BNP Paribas Diversipierre, BNP Paribas Cardif and Sogecap closed the club deal and acquired Horizon, a 24,000sqm building development in Düsseldorf for an undisclosed sum.
The deal had been secured back in July 2016.
Property sourcing and transaction management were carried out by BNP Paribas REIM Germany, who are also in charge of Asset Management.
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