BNPPRE's 2015 fee income reaches record €765m

Broker BNP Paribas Real Estate said on Tuesday its fee income amounted to an all-time high of €765 mln in 2015, roughly 2% higher than the previous year.

In terms of geographies, France drove the bulk of the fee generation with a 54% share of the total, followed by Germany (18%), the UK (16%), and Italy (6%). Sector-wise, property services accounted for 71% of fee income, with commercial property development and residential making up the remaining 29% share.

'2015 was the best year in the group’s existence, thanks to organic growth and the impact of our development plan,' commented Philippe Zivkovic, chairman of BNPPRE's supervisory board.

Net profit before tax amounted to €156 mln in 2015, representing a 9% decrease versus 2014?

With fees of €113.4 mln, up 6% on the previous year, the investment management arm saw inflows of over €1.2 bn in 2015. At the end of the year, this business line had €22 bn of assets under management in Europe, 78% of which managed on behalf of institutional investors.

'Our ambition in investment management is to reach €30 bn in assets under management and to consolidate our position in the European top five,' said Thierry Laroue-Pont, CEO of BNP Paribas Real Estate. 'We are also strengthening our advisory offering with two specialty platforms (created in 2015) in logistics and retail investment and a property management outsourcing business.'

In the residential sector, the group plans to launch more than 2,400 homes in 2016, including the first housing scheme in London. 'A new residential agency is to open in France in 2016,' added Laroue-Pont.