French real estate manager BNP Paribas REIM has made its first foray into the German debt fund space, following its acquisition of iii-investments’ German fund business earlier this week for an undisclosed sum.
French real estate manager BNP Paribas REIM has made its first foray into the German debt fund space, following its acquisition of iii-investments’ German fund business earlier this week for an undisclosed sum.
As part of the deal, BNP Paribas REIM acquired two debt funds from iii-investments. One unnamed institutional investor has already committed €200 mln in equity to the first fund. The second fund was started as a pool fund with several investors. Combined, they have a capital commitment of around €300 mln and are targeting a total of €450 mln, according to Henri Faure, deputy chief executive of BNP Paribas Real Estate and member of the executive board.
The full interview with Faure is available to premium members at the link below.
