BNP Paribas Real Estate Investment Management has reported a transaction volume of EUR 881 mln in Europe during the first nine months of 2012. The business volume marked an increase of more than 30% on the same period in 2011.
BNP Paribas Real Estate Investment Management has reported a transaction volume of EUR 881 mln in Europe during the first nine months of 2012. The business volume marked an increase of more than 30% on the same period in 2011.
During the third quarter of 2012, which is traditionally a slower period, more than EUR 200 mln in transactions was recorded, BNP Paribas REIM said. The transactions were carried out for managed funds and third-party mandates.
Some EUR 715 mln, of which nearly EUR 100 mln during the third quarter, was invested for managed funds and mandates on behalf of third parties in the first nine months of the year. These funds were invested in four countries: Germany, Belgium, France and Italy.
Around EUR 166 mln of sales were completed in seven countries, including EUR 108 mln in Q3
'Due to its high quality, the French market experienced a clear renewal of interest in recent months, particularly among foreign investors. We were able to rapidly invest high inflows for funds that specialise in office and commercial real estate thanks to a wide range of products and attractive yields,' said David Aubin, who heads BNP Paribas REIM.
BNP Paribas REIM managed EUR 13 bn in assets at the end of the first half of 2012.
About BNP Paribas Real Estate
BNP Paribas Real Estate, one of the leading international real estate providers, offers its clients a comprehensive range of services that span the entire real estate lifecycle: property development, transaction, consulting, valuation, property management and investment management.
BNP Paribas Real Estate has local expertise on a global scale through its presence in 36 countries with more than 150 offices and 3,400 employees (16 wholly owned subsidiaries and 20 by its Alliance network, that represents today more than 3,000 people). BNP Paribas Real Estate is a subsidiary of BNP Paribas.
For more information: www.realestate.bnpparibas.com
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Contacts presse :
Marie-Bénédicte Chevet - Tél: +33 (0)1 55 65 21 51 Mobile : +33 (0)6 32 05 28 26 - marie-benedicte.chevet@bnpparibas.com
Amira Tahirovic-Halilovic - Tél: +33 (0)1 55 65 22 08 Mobile : +33 (0)6 37 78 12 17 - amira.tahirovic-halilovic@bnpparibas.com
Servane Costrel de Corainville- Tél. : + 33 (01) 55 65 21 15 Mobile : + 33 (0)6 74 81 98 27- servane.costreldecorainville@bnpparibas.com
