BNP Paribas Real Estate plans to launch three new funds for the European market in 2010 after introducing a new retail fund in December, deputy CEO Henri Faure said in an interview with PropertyEU. The Paris-based services provider is also seeking to expand in the field of valuation. 'We foresee a strong international development of services and we are developing tools like IT with CRM in order to be more client-minded,' Faure said.
BNP Paribas Real Estate plans to launch three new funds for the European market in 2010 after introducing a new retail fund in December, deputy CEO Henri Faure said in an interview with PropertyEU. The Paris-based services provider is also seeking to expand in the field of valuation. 'We foresee a strong international development of services and we are developing tools like IT with CRM in order to be more client-minded,' Faure said.
Faure expects that BNP Paribas will primarily seek to grow by boosting its position in existing markets through takeovers or partnerships. 'We are seeking to expand the business in particular in the field of investment management and we're also examining where there are gaps geographically. As for development, we are looking to expand in particular in Belgium and Luxembourg.'
BNP Paribas' client base consists primarily of institutional investors, but it is also seeking to expand in the direction of major private investors, Faure said. 'The Belgian Fortis activities that BNP Paribas Group acquired last year have provided a major boost to our private client business.'
The full interview is published in the February issue of PropertyEU Magazine.
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