News

BNP Paribas REIM announces the successful launch of the “Healthcare Property Fund Europe” (HPF Europe) in H1 2020 with initial equity commitments close to EUR 200mn. The current group of investors consists of pension funds & insurance companies from France, Germany & Italy and new investors are already expected to join at latter closings in Q3 & Q4 2020.

BNP Paribas Real Estate Investment Management (REIM) Germany recently purchased an office property in Munich
for the Real Value Fund. The property was built in 2002 and is located at Dessauerstraße 13 - 15 in the Moosach
district in the northwest of Munich. The asset features just under 5,600 sqm of rental space and is almost fully let.
The Real Value Fund is a German special real estate fund structured for institutional investors, which was jointly
launched by BNP Paribas REIM Germany and Edmond de Rothschild REIM (formerly Cording Real Estate Group)
in 2015. The contracting parties have agreed not to disclose the purchase price and the name of the vendor.

Faced with this unprecedented global health crisis, and following recent containment decisions implemented by various governments to curb the spread of the COVID-19 epidemic, BNP Paribas REIM has taken the necessary measures to ensure the health and safety of its employees and the continuity of its operations along with its customers and suppliers.

As a truly European player, BNP Paribas REIM intends to strengthen its cross-border organisation, in keeping with its European focus.

BNP Paribas REIM agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg.

BNP Paribas Real Estate Investment Management (REIM) Germany and Cording Real Estate recently sold the Media Tower property located at Düsseldorf Medienhafen to special fund CONREN Land.