BNP Paribas Real Estate Investment Management (BNP Paribas REIM) manages more than €12B* of European real estate assets for separate accounts. These custom-made solutions are popular with our global institutional clients and represent around 35% of our total assets under management*.
We work in close partnership with investors so that we can understand their objectives, adapt to their needs and constraints, and devise the bespoke strategies they require. Our range of solutions, including regulated structures, can follow a chosen investment theme or involve an opportunity to invest in a particular asset. Depending on preference, a client can invest alone or alongside a number of like-minded investors.
Our goal is to help our international clients building their direct European real estate portfolio and to become their partner of choice in that regards. The success of our Separate Account business is leading us into substantially grow this activity in the coming years.
- Benoît De La Boulaye, Head of Separate Accounts & Mandates - BNP Paribas REIM
Drawing on our expertise, we calibrate a strategy designed to match a client’s risk profile, choice of structure, and governance. Our administrative teams provide a full range of services, including accounting and reporting. Dialogue and appropriate governance help us to respond to a client’s needs and give us the flexibility to adapt a strategy if priorities shift or the investment climate changes.
We have more than 50 years' experience of real estate cycles and managing every stage of an investment. Using a fully integrated approach, we aim to create lasting returns through active asset management by our local teams.
Case Studies Illustrating our Separate Account Strategies
A Prime Portfolio Focused on Long-Term Growth
Our team in the Netherlands assembled a €240M dedicated prime portfolio for a Dutch institutional investor by blending High Street retail and residential assets. The former should provide income, while the latter should provide growth uplift to capital values. While all the assets are intended to deliver a stable income over time, long-term capital growth is the main focus. A restructuring strategy on some residential units is key to achieving the client’s objectives.
Sourcing L'Oréal's HQ for Korean Institution
Our team in France sourced the headquarters building of L'Oréal in the Paris submarket of Levallois-Perret for a Korean institution. The transaction highlights our capabilities in sourcing an off-market high-volume trophy asset for an international institution. We were able to structure the transaction through a regulated French fund to meet the client’s needs.
Targeting Diverse Opportunities Across the Eurozone
A German institution looking to invest in real estate outside its homeland gave us a mandate to put together a €600M portfolio of property across the Eurozone. The institution was keen to expand and diversify its real estate investments while increasing overall returns. We targeted core and core-plus opportunities in the office, retail, hotel and logistics sectors.
* As of 31st December 2019