BNP Paribas Real Estate Investment Management (BNP Paribas REIM), an investment management company active in the real estate market and part of the BNP Paribas Group, and QC Spa of Wonders, a company in the wellness sector that manages a chain of branded spas and hotels in Italy, France and the United States, have formed a partnership.
This agreement is a strategic move for both companies. BNP Paribas REIM announced its plan to increase its footprint in the hospitality and wellness sectors, where it has been active for more than 10 years. The company currently manages around €1 billion ($1.2 billion) of real estate assets in these sectors in Europe, notably through leisure resorts and its outdoor hospitality fund, Plein Air Property Fund 1, in partnership with one of the main players on the market.
For QC Spa of Wonders, this partnership will accelerate the company’s development plans. QC currently operates 12 spas and hotels, with four new openings planned in Ita
