With investment in commercial real estate on the rise again in Europe, retail premises continue to recover. They showed the strongest growth of all real estate asset categories, with investment up 31% year-on-year, ahead of hotels (+3%), offices (+13%) and logistics (+19%).

BNP Paribas Real Estate Property Management (BNP Paribas REPM) launches Operating Partner Services, a new pan-European solution that provides dedicated support, rounding out the traditional property management services with delegated asset management.

Rapid repricing helped the market to find its way back to moderate growth in some areas. Investment in industrial premises and logistics reached €42bn in 2024, +23% compared to last year. Industrial & logistics investment hit its lowest point in 2023 and returned to growth in 2024. This reflects an improvement in financial conditions. Further adjustments by central banks to key interest rates are expected in 2025 before they stabilise.

“Office markets continued to suffer from the uncertain political and economic environment in some European countries, and investors remained cautious on the asset category, which has been affected by structural changes in the way people work over the last five years. Overall, 2024 ended with a stabilisation in take-up and a slight increase in the volumes invested in offices. There could be a more pronounced recovery in 2025 if the economic and financial situation lastingly improves.” says Argie Taylor, Head of BNP Paribas Real Estate’s International Investment Group.

As part of its diversification strategy, the BNP Paribas REIM business line is launching the Healthcare & Hospitality Practice, a pan-European division devoted to the healthcare and hospitality real estate segments.