French investment manager Amundi Real Estate executed a total of €4.8 bn of transactions in 2016, an increase of roughly one third with respect to the 2015 deal volumes.
The firm said that its investments involved 55 operations totalling nearly 1 million m2, with nearly €3 bn invested in France.
Some 31% of acquisitions (in volume terms) were made internationally, particularly in the Netherlands (11.9%), Germany (8.3%), Luxembourg, Austria, the UK, Finland and Italy.
'In 2017, we will see a strong increase in the collection target. We will look at new countries, always in Europe, and our partnerships,' commented Jean-Marc Coly, managing director of Amundi.
The bulk - or 98% - of Amundi's 2016 deals involved commercial real estate assets, with 67.5% comprising office assets, 13.1% businesses and shopping centres, 8.4% hotels, 7.3% healthcare and 2.4% business parks.
Investments in residential real estate totalled €55 mln and were made exclusively in France.
As part of its active asset management policy, Amundi also sold 65 assets for €523 mln.
The significant increase in deal volume meant that Amundi's outstanding loans increased over the year to reach €20.9 bn as of December 2016.
Paris-based Amundi Real Estate, a subsidiary of Amundi Group, specialises in developing, structuring and managing property funds for private investors, private banks and their distributors, institutional investors, large companies and real estate professionals. Amundi Real Estate has €12.9 bn assets under management (AUM).
PropertyEU’s Top Investors 2016 is published in March 2017.
