BNP Paribas Real Estate Investment Management (REIM) has bought a building located on 61 rue des Cloÿs in the 18th arrondissement of Paris, on behalf of its European Impact Property Fund (EIPF), launched in late 2020.
With a total surface area of about 1,700 square meters (18,300 square feet), the asset is a mixed building mainly for residential use. The Haussmann-style building with a cut stone facade is made up of seven levels in a superstructure with long balconies on the second and fifth floors. It consists of 30 apartments and two shops on the ground floor.
The building is located in the Ordener district, in a predominantly residential environment, with many stores and restaurants nearby. The asset enjoys an excellent access to public transport with an immediate proximity to several metro stations and bus stops.
This is the first acquisition in France for the European Impact Property Fund (EIPF). The fund, through diversified investments in Eu
