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Amundi Real Estate exceeds EUR 6.4 billion in real estate transactions in 2017

United Kingdom, 3/13/18,  by Amundi

During 2017, Amundi Real Estate achieved a total volume of more than EUR 6.4 billion in transactions on behalf of the real estate funds and mandates it manages. Amundi Real Estate’s acquisitions/disposals increased by a third (33%) compared to 2016.

 
In 2017, Amundi Real Estate managed a total of 38 transactions representing almost 834,000 square metres (m2). While more than EUR 4.3 billion was invested in France, 28% of the acquisitions (by volume) were conducted outside France, in particular, in Germany and the Netherlands. The majority of these transactions were in commercial real estate assets, of which 94% in office property, 4% in retail and shopping centres and 1% in hotels.
 
As part of its active asset management policy, Amundi Real Estate also disposed of 36 assets for EUR 387 million.
 
Amundi Real Estate raised EUR 4.3 billion in 2017, bringing total assets to EUR 26.3 billion; the good momentum resulted in a significant volume of transactions in 2017, both in France and abroad.
 
2017 also saw consolidated growth of Opcimmo, Amundi Real Estate’s French property collective investment scheme, for retail investors. As the leading real estate investment fund in the French market in terms of assets managed and sales (source: IEIF, February 2018), it raised EUR 2 billion in 2017, fully invested to date, and now has a net capitalization of more than EUR 6.6 billion (at 31st January 2018). The choice of real estate investments mainly involved office buildings in the 2 current reference countries: France and Germany. In a context of strong demand for office property, Amundi Real Estate has a selective investment programme with strict quality requirements, in leading locations such as the "Coeur Défense" complex and the "Hekla Tower" both in La Défense, Paris or the "Rocket Tower" in Berlin.
 
On the institutional side, numerous "club deals" as well as major mandates and partnerships have been signed with new French and international clients.
 
Jean-Marc Coly, Chief Executive Officer of Amundi Real Estate, comments, "2017 was a great year! Thanks to the strength of its distribution partnerships, Amundi Real Estate participates in emblematic transactions in a context of increased competition and selectivity. The choice of investment is more than ever key to our success. Our main objective is to continue our dynamic strategy in the management of our real estate assets, and in 2018 this should continue to maintain the attractiveness of our assets."
 
Recent acquisitions S2 2017:
 
GERMANY - MUNICH (81541) – “Loopsite” 79,81,91 Werinherstrasse
 
Acquired in September 2017, the "Loopsite" Campus, with a surface area of 45,787m2, is an office complex built in 2004 composed of 3 buildings. Situated to the south-east of Munich's city centre, this complex is located in the centre of one of the city's most dynamic environments, close to public transport and major roads. The offices, leased to several European industrial groups, meet international standards and have a wide range of adaptation potential. The campus also has a company restaurant and a Brasserie café.
 
Photo credit: myphotoagency.com
 
GERMANY - DÜSSELDORF (40474) - "Three George", Gerog-Glock-Strasse 3
 
Acquired in November 2017, "Three George" is a 10,671m2 office building located north of Düsseldorf in the Kennedydamm business district. Built in February 2017, the building, where two DAX 30 companies have already taken up residence, is located 10 minutes by car from the airport and 10 minutes from the city centre by U-Bahn with a subway station 100m away. Designed by architect Hadi Teherani, the building has a representative facade with integrated LED lighting and is set in a green space with a hanging garden, two conservatories and numerous terraces, complemented by two green walls in the entrance hall.
 
 
Photo credit: myphotoagency. com
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 – June 2017) and N°1 in SCPI and OPCI management in France in terms of asset under management (IEIF – June 2017). Amundi Real Estate has EUR 26.3bn in assets under management*.
 
Amundi Real Estate is a subsidiary of Amundi Group.
 
* data: Amundi Real Estate at 31 December 2017
 
For more information : www.amundi-immobilier.com

Amundi is Europe’s largest asset manager by assets under management and ranks in the top 101 globally. Thanks to the integration of Pioneer Investments, it now manages more than 1.4 trillion2 euros of assets across six main investment hubs3. Amundi offers its clients in Europe, Asia-Pacific, the Middle-East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Headquartered in Paris, and listed since November 2015, Amundi is the 1st asset manager in Europe by market capitalization4.

Leveraging the benefits of its increased scope and size, Amundi has the ability to offer new and enhanced services and tools to its clients. Thanks to its unique research capabilities and the skills of close to 5,000 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.
 
Amundi. Confidence must be earned.
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About Amundi

Amundi is the European largest asset manager by assets under management1 and ranks in the top 10 globally[1]. It manages 1,563 billion[2] euros of assets across six main investment hubs[3]. Amundi offers its clients in Europe, Asia-Pacific, the Middle East and the Americas a wealth of market expertise and a full range of capabilities across the active, passive and real assets investment universes. Clients also have access to a complete set of services and tools. Headquartered in Paris, Amundi was listed in November 2015.

Thanks to its unique research capabilities and the skills of close to 4,500 team members and market experts based in 37 countries, Amundi provides retail, institutional and corporate clients with innovative investment strategies and solutions tailored to their needs, targeted outcomes and risk profiles.

 

Amundi. Confidence must be earned.

Visit www.amundi.com for more information or to find an Amundi office near you.

 

Footnotes

 

  1. ^ Source IPE “Top 400 asset managers” published in June 2019 and based on AUM as of end December 2018
  2. ^ Amundi figures as of September 30, 2019
  3. ^ Investment hubs: Boston, Dublin, London, Milan, Paris and Tokyo

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