Press Releases

The Olayan Group appoints BNPP REIM as asset manager of their Paris Portfolio

 

The Olayan Group has granted this asset management mandate to BNP Paribas REIM France starting September 1st 2021. BNP Paribas REIM France will continue to be the management company of the OPCI indirectly holding the assets.

In 2014, The Olayan Group acquired the “Paris Etoile Portfolio” from Risanamento, which is now composed of 8 trophy assets located in the heart of Paris’ Golden Triangle.

These assets total an area of around 74.500 sqm, mainly composed of offices, residential units and retail spaces, including 50 Montaigne, with completion of the sizable redevelopment expected in 2022.

 

About The Olayan Group

Originated in 1947, The Olayan Group is a multinational enterprise with an actively managed portfolio of global investments from Asia to the Americas. Investing both directly and in partnership, the Group has a diverse real estate portfolio that includes commercial, residential, industrial and mixed-use properties.

In addition to 50 Montaigne and other prestigious Paris properties, Olayan’s real estate portfolio includes the Knightsbridge Estate in central London, the Mandarin Oriental Ritz, Madrid, and 550 Madison in New York. www.olayan.com

 

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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