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Additional equity commitments for EIPF

BNP Paribas REIM ANNOUNCES ADDITIONAL EQUITY COMMITMENTS FOR EUROPEAN IMPACT PROPERTY FUND

The fund, backed by the Dutch insurance company a.s.r. at its first close, has reached already EUR 300m of equity capital commitments

 

BNP Paribas Real Estate Investment Management (BNP Paribas REIM) has announced that its recently launched “European Impact Property Fund” (“EIPF”) has reached EUR 300m of equity capital commitments. That includes EUR 100m from the Dutch Insurance company a.s.r. which committed as the fund cornerstone investor at the launch of EIPF. The insurer BNP Paribas Cardif, a subsidiary of BNP Paribas, also has committed equity to the fund as part of its strategy to accelerate its investments with a positive impact, alongside other French, Italian and Finnish institutional investors.

 

EIPF sets an ambitious target to be the first Core European Diversified Fund compliant with the 2015 Paris Agreement in line with the International Energy Agency (IEA) trajectory and to deliver a positive and measurable climate impact. EIPF qualifies as article 9 of SFDR. The climate strategy will be implemented under a combination of CAPEX, OPEX and strong stakeholders’ engagements. The fund has also put in place a detailed climate reporting system to quantify the fund’s positive impact on assets and to measure the success of reducing GhG emissions thereby contributing to the low carbon transition.

 

Structured as a Core European Diversified Open-Ended Fund, EIPF has already secured transactions in France, Italy, the Netherlands and Germany as across multiple sectors including residential, logistics, alternatives and offices. The fund has already begun making income distributions; and is currently progressing on further investment opportunities in 4 different countries.

 

As an investor a.s.r. believes it is important to play a meaningful role in making society more sustainable with its investments. BNP Paribas REIM and a.s.r. shared the idea of launching a Core real estate fund that focusses on having a quantifiable impact on the climate. We welcomed the opportunity to work with them to create the fund. We believe that EIPF can successfully combine both quality and sustainability in its portfolio,” comments Dick Gort, CEO a.s.r. real estate.

 

We are honoured to have the support of a.s.r. and the other institutional investors in EIPF.  We are convinced that EIPF offers an innovative European real estate investment strategy for those investors seeking both stable income and the ability to have a measurable climate impact.  It has been well received by pension funds and insurance companies from across Europe and, indeed, globally,” comments Henri Romnicianu, Global Head of Institutional Sales at BNP Paribas REIM.

 

EIPF is a SICAV-SIF based in Luxembourg. This Core Diversified Open-Ended fund, managed by BNP Paribas REIM Luxembourg, offers diversification within Europe across all sectors to long-term international institutional investors.

 

About BNP Paribas Real Estate Investment Management

BNP Paribas REIM, a business line of BNP Paribas Real Estate, provides a wide range of real estate funds and investment solutions for investors, based on strong convictions. With BNP Paribas REIM, you invest in REAL ESTATE AS LIVING ASSETS. Deeply European, we have a close understanding of local markets, a view on every square meter, every street, every neighborhood, every urban eco-system. With our 330 employees, we care for assets as we care for living beings, aiming to build a better living together for 220 institutional investors and 140,000 private investors. We believe in ESG to reconcile social, environmental and financial performance. We apply innovation to always best adapt to risks and opportunities of today and tomorrow.At the end of 2020, BNP Paribas REIM managed 29 billion € of living European assets on behalf of institutional and private investors.

Further information: www.reim.bnpparibas.com www.reim.bnpparibas.de

 

Press contact:
Press Team – Tel:+33 (0)1 55 65 22 08 – presse.realestate@realestate.bnpparibas
 

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