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.
Creation of an expertise centre based on BNP Paribas REIM's firm convictions about the health and hospitality sectors
The health and hospitality sectors have proved resilient in recent months, largely thanks to solid long-term fundamentals related to the ageing population in the case of the health and social care sectors, and to the shift in household consumption towards more leisure activities in the case of the hospitality sector. These themes have confirmed their appeal to real estate investors.
With almost 15 years' expertise in these two sectors, BNP Paribas REIM is a pioneer in managed real estate investment strategies and has built up many long-term partnerships with renowned European health and hospitality operators.
Building on this experience, BNP Paribas REIM has successfully launched several funds dedicated to these sectors, such as Healthcare Property Fund Europe for healthcare, Plein Air Property Fund 1 and SPA Property Fund 1 for hotels and leisure, as well as making several investments on behalf of its diversified funds in these sectors.
The health, hotel and outdoor tourism sectors currently represent more than € 2bn and 10% of assets under management at European level.
“We develop and execute real estate strategies for our clients, covering a wide range of pan-European asset classes. We are gradually expanding our range of funds and mandates to offer investors a wider variety of risk/return profiles. Creating this division devoted to health and hospitality is part of this strategy, which is based on our convictions about long-term trends and seeks to develop real estate as a service”, remarks Jean-Maxime Jouis, Global Head of BNP Paribas REIM.
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Read about the Healthcare & Hospitality Practice of BNP Paribas REIM.
