18 December 2013

BNP Paribas REPM: Real Estate Manager for "IVG Group" in Belgium and Luxembourg

A new real estate portfolio of 30 buildings with an area of 263,000 sq m

BNP Paribas Real Estate Property Management Belgium has been appointed by IVG Group to manage its entire real estate asset portfolio in Belgium and Luxembourg. The assignment includes the management of 30 buildings, with 24 located in Belgium and 6 in Luxembourg, representing a total surface area of 263,000 sq m.

The emblematic buildings in Brussels include the "North Gate" (60,000 sq m), the "Artbel – Arts 46" (12,500 sq m), the “City Garden” (10,000 sq m) and the "BT Building – The Hub" (13,700 sq m), in addition to the "The Square" (54,000 sq m), located in Luxembourg.

"After being awarded to manage the real estate portfolios of Allianz and MEAG in 2011 and 2012, we are proud to have won this call to tender, which is- the most high profile Property Management portfolio since the start of the year in in Belgium and Luxembourg. We are pleased to have IVG Group as one of our main clients. BNP Paribas Real Estate was able to win by emphasising its track-record and reputation with this type of assignment and the professionalism of its teams, as well as its organisation, tools and "processes",” comments Frédéric Van de Putte, CEO of BNP Paribas Real Estate Belgium. ”This assignment will strengthen the leadership position of BNP Paribas Real Estate on the market. IVG Group is a strategic client with whom we hope to further collaborate with at both a local and international level.”

With operations now in 14 countries and more than 50 cities, the BNP Paribas Real Estate Property Management business line has more than 34 million sq m of tertiary property under management and employs almost 850 staff.

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