During the first semester 2016, Amundi Real Estate carried out €956 million of acquisitions in real estate funds and mandates, with 70% in France and 30% in other countries, mainly Germany and the Netherlands.
The investments were made solely in commercial real estate with 88% in office property assets and 12% in retail outlet property.
Example of a major acquisition during the first half of 2016:
Acquisition of a 68,000sqm. complex of office buildings at 139 Wilhelminakade in Rotterdam, “De Rotterdam” in June 2016. With its three interconnected mixed-use glass towers, a height of 150m, the complex built in 2013 is designed as a vertical city, as wide as a football pitch, with 68,000sq.m. of office space, a 278-room hotel, shops, restaurants, flats and a 642-space car park.
Designed by the architect Rem Koolhaas, the complex is used by 5,000 people a day. It stands at the cutting edge of energy-efficient buildings with an on-site generation system, water from the adjacent Maas river used for cooling, automatic daylight and motion control, and efficient elevators using energy recovery.
De Rotterdam was awarded Best Tall Building in Europe by the Council on Tall Buildings and Urban Habitat (CTBUH) in Chicago in 2014.
Photo credit: Rotterdam Image Bank
Amundi Real Estate is Amundi's management company specialising in developing, structuring and managing property funds for private investors, private banks and their distributors, institutional investors, large companies and real estate professionals. N°1 in terms of fund-raising for SCPI and retail OPCI (IEIF – March 2016) and N°1 in SCPI and OPCI management in France in terms of asset under management (IEIF – March 2016). Amundi Real Estate has € 12.9bn assets under management*.
Amundi Real Estate is a subsidiary of Amundi Group.
*Pro forma data for Amundi Immobilier at 31 December 2015
Amundi, the leading European asset manager, ranking among the top 10 global players, offers its 100 million clients – retail investors, institutional investors and companies – a complete range of savings and investment solutions in active and passive management, in traditional or real assets.
With its six international investment hubs, financial and extra-financial research capabilities and long-standing commitment to responsible investment, Amundi is a key player in the asset management landscape.
Amundi clients benefit from the expertise and advice of 4,700 employees in nearly 35 countries. A subsidiary of the Crédit Agricole group and listed on the stock exchange, Amundi currently manages over €1.7 trillion in assets.