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18 December 2017
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BNP Paribas REIM purchases Fiat Chrysler's HQ

07 December 17 - Irene Theofanidou
BNP Paribas REIM purchases Fiat Chrysler's HQ

COMPANIES

IBI Group

Consultant - GREECE

PEOPLE

Antulio Richetta

Director IBI Group
BNP Paribas Real Estate Investment Management’s pan-European fund has reached almost €750million following its acquisition of Fiat Chrysler Automobiles’ German headquarters.

 

BNP Paribas REIM said Next Estate Income Fund II (NEIF II) has acquired the fully occupied 10,000sqm building in Frankfurt from the German developer Lang & Cie.

Managed by BNP Paribas REIM Luxembourg, NEIF II is a pan-European fund offering diversification in the Eurozone office sector to international institutional investors with a yield target of 5% per annum.

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