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19 November 2019

PATRIZIA I. AG APPOINTS BNPPRE TO MANAGE SIX ASSETS TOTALING 152 363 SQM

BNP Paribas Real Estate has been appointed by Patrizia Immobilien AG following a competitive call for tender to provide real estate management services for part of its property portfolio in Belgium and Luxembourg.

BNP Paribas Real Estate has been appointed by Patrizia Immobilien AG following a competitive call for tender to provide real estate management services for part of its property portfolio in Belgium and Luxembourg.

Among the six new assets that the German asset manager is assigning to BNP Paribas Real Estate, there is a residential asset with a total surface area of over 6,600 sqm: Uni-Val II, the student residence in Esch-sur-Alzette.

Patrizia Immobilien AG is also allocating close to 90,000 sqm of logistics property to BNP Paribas Real Estate. These three assets include 30,000 sqm of warehouses along the Willebroek canal, not far from Docks Bruxsel. The two other assets are situated in Flanders: one of 27,000 sqm on the outskirts of Antwerp (Wommelgem), and the other of 33,000 sqm in Tongeren.

Finally, two office buildings will be added to the BNP Paribas Real Estate management portfolio, which are the "Loi 15" building located on the edge of the European quarter (18 000 sqm), and the "Tour Astro", which is one of the tallest "passive" buildings in Europe (39 000 sqm).

Some pictures of the assets:

Uni-Val II in Belval, Luxembourg

Uni-Vall II à Belval

Loi 15 (Brussels)

Loi 15 à Bruxelles

Tour Astro (Brussels)

Tour Astro

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