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HQ News | BNP Paribas Real Estate secures significant deals despite lockdown demonstrating resilience in the European real estate market

As the world is going through an unprecedented crisis, it is important to recognise the resilience of the real estate market and its contribution to the economy. During these challenging times BNP Paribas Real Estate, as a leading international real estate provider, has continued to support its staff and clients and despite of the slowing market, the business has successfully secured major deals all over Europe.

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Kockelscheuer
Investment Management

BNP Paribas REIM secures Kockelscheuer building in Luxembourg from Grossfeld PAP

BNP Paribas REIM on behalf of its Next Estate Income Fund III (NEIF III), managed by BNP Paribas REIM Luxembourg agreed with Grossfeld PAP on the sale of the Kockelscheuer office project in Luxembourg. The property is expected to be delivered in Q1 2022 and aims at granting a BREEAM Excellent green certification. The five-storey office building features approx. 4,090 sqm of office lettable area fully let under a firm 12-year lease agreement.

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