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04 July 2019

AXA IM APPOINTS BNP PARIBAS REAL ESTATE TO MANAGE 700,000 SQM IN BELGIUM

AXA Investment Managers appoints BNP Paribas Real Estate to manage 700,000 sq. m in Belgium.

BNP Paribas Real Estate has been appointed by AXA Investment Managers – Real Assets following a competitive call for tenders to outsource real estate management for part of its property portfolio in Belgium.

This portfolio, consisting of 32 assets, is in addition to the five assets already managed by BNP Paribas Real Estate on behalf of AXA Investment Managers – Real Assets in Belgium.

Since July 1 2019, BNP Paribas Real Estate's Property Management business division provides AXA Investment Managers – Real Assets with property management services for a total of 37 assets in Belgium, representing a total area of more than 700,000 m².

At the same time, four employees from AXA Investment Managers – Real Assets work with and strengthen the Property Management teams at BNP Paribas Real Estate.

Frédéric Van de Putte, Chief Executive Officer of BNP Paribas Real Estate Belgium: "We are obviously delighted to have been chosen by AXA Investment Managers – Real Assets for this major assignment, which is unprecedented in Belgium in terms of scale. Our long-standing expertise, our determination and our professionalism helped to convince AXA Investment Managers – Real Assets to place their trust in our dedicated teams."

Jérôme Delaunay, Country Team Head Benelux at AXA Investment Managers – Real Assets: "We are delighted to entrust BNP Paribas Real Estate with this important property management assignment and to strengthen our partnership in this area. We are pleased to be able to benefit from the proven expertise offered by BNP Paribas Real Estate in Belgium in all aspects of property management.

As Continental Europe’s leading commercial property manager (43 mn sq.m of commercial real estate under management), BNP Paribas Real Estate Property Management has an optimal geographic coverage in Europe, established in 13 countries and 57 cities.

Some of the buildings in the portfolio:

North Galaxy - visuel website - v1

Conscience - visuel website - v1

The Capital - visuel website - v1

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