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BNP Paribas receives €600m mandate

by Andrea Waitrovich

German insurance company The Gothaer Group has plans to invest approximately €600 million ($636 million) in a fund managed by BNP Paribas Real Estate Investment Management Germany.  As its portfolio manager, BNP Paribas REIM Germany will acquire commercial real estate assets in the euro zone, excluding Germany. The projected portfolio will consist of office, retail, hotel and logistics properties, with individual investments ranging between €20 million and €80 million ($21 million and $85 million).  The portfolio should include predominantly core and core-plus properties, but individual value-add properties may also be acquired under the category of manage-to-core. The provided equity is to be invested during the next three to four years. “Gothaer is increasingly concentrating on infrastructure for its capital investments, with a focus on renewable energy and real estate,” said Christof Kessler, the CEO responsible

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