During the first nine months of this year, BNP Paribas Real Estate’s Investment Management activities recorded a transaction volume of more than €881 million in Europe.
As of 30 September 2012, BNP Paribas Real Estate’s Investment Management business line recorded a transaction volume of more than €881M for managed funds and mandates on behalf of third parties. This business volume marked a significant increase compared to the same period in 2011, with the number of transactions processed growing by over 30%. During the third quarter of 2012, which is traditionally a slower period, more than €200M in transactions was recorded.
• Investments:
Since 1 January 2012, more than €715M, of which nearly €100M during the third quarter, was invested for managed funds and mandates on behalf of third parties. These funds were invested in four countries: Germany, Belgium, France and Italy.
• Arbitrage (sales):
Since 1 January 2012, nearly €166M, of which €108M during the third quarter alone, was sold for managed funds and mandates on behalf of third parties. This arbitrage was carried out in seven countries.
“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 Real Estate’s Investment Management business line.