BNP Paribas REIM acquires in Germany the first residential property for its BNP Paribas Diversipierre fund
BNP Paribas Real Estate Investment Management (BNP Paribas REIM) recently acquired a residential asset for its open-ended mutual fund BNP Paribas Diversipierre. The target property is a state-of-the-art residential complex located in Hamburg’s Bergedorf district in Germany. The asset was sold by the HT Group based in Hamburg. The transaction is intended to achieve two strategic goals targeted by the fund’s management for 2022: building a residential asset portfolio for the fund and strengthening regional diversification in the target region...