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
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