BNP Paribas Real Estate Investment Management (BNP Paribas REIM) manages a substantial number of European office investments. Some 55% of our €26,1B* of assets under management are office buildings, so every day our teams are responding to the challenges facing the sector as technology and social attitudes change how occupiers use space.
We have worked through successive real estate investment cycles, giving us a wealth of experience in managing office assets in order to deliver optimal outcomes for our clients. Our track record has made us one of the largest investment managers in Europe's real estate markets, according to the annual ANREV/INREV/NCREIF Fund Manager Survey.
Case Studies Illustrating our Expertise in Office Investments
Forward-Funding a New Sustainable Office Development in Munich
Our transaction team in Germany acquired the NOVE office building in Munich, of approximately 31,000 sq.m., for an institutional client under a forward purchase agreement with a developer. We structured this off-market transaction to enable our client to acquire a high-quality office building in an up-and-coming submarket of the city. The property is LEED Platinum certified.
Sourcing a Core Office Building Close to the Duomo in a Prime Location in Central Milan
The acquisition of the asset Via Agnello demonstrates the expertise of our team in Italy in sourcing a prime income-producing asset for an institutional fund. The 4,400 sq.m. office building is in Milan’s CBD and prime shopping district, making it a highly desirable location for occupiers. It is fully leased to a leading law firm. The building dates back to the 1940’s has undergone a major refurbishment allowing its successful repositioning.
Timing a City of London Office Disposal to Maximise Returns
Our team in the UK sold Pinners Hall in the City of London to an Asian investor at a premium to market prices after identifying strong investment demand for core assets in the London office market. This realised the value created for the fund from a rolling refurbishment programme and a lease-up campaign.
* As of 31st December 2023