BNP Paribas Real Estate expands managed portfolio

19th April 2017 | Ákos Budai

From the beginning of April, BNP Paribas Real Estate Poland will take over the management of four IKEA Centers retail parks located in Poland on behalf of the landlord Pradera. The contract will increase the Polish portfolio of managed properties by more than 140,000 sqm. Ultimately, the international property management business line of BNP Paribas Real Estate will manage 25 properties in eight European countries.

As of April 5, BNP Paribas Real Estate Poland will be providing complex property management services for four retail parks in Janki, Targówek in Warsaw, Katowice and Franowo in Poznań. These Polish property management mandates are part of the first pan-European contract on this scale signed by BNP Paribas Real Estate. Under the terms of this agreement, from Q2 the French teams will manage three sites and the German teams ten sites. During the second phase of the project, eight retail parks located in the Czech Republic, Denmark, Finland, Sweden and Switzerland will be provided with property management services. This mandate provides further evidence of the strength of BNPPRE’s network and that of its alliances in Europe.
 
The agreement was signed with the landlord Pradera, which in early March bought 25 IKEA Centres located in eight European countries. This contract has enlarged the Polish portfolio of BNP Paribas Real Estate Poland from 19 to 23 properties, of which 9 are retail premises. In addition to IKEA Centers retail parks, BNP Paribas Real Estate Poland also manages Klif Fashion House in Warsaw, CH Klif Gdynia and CH Turawa Park in Opole, among others.