Greener portfolios with Investment Management
Sustainability lies at the heart of BNP Paribas REIM's asset and risk management strategy. The funds that are set up and advises on consequently include green assets and have management principles that meet the expectations of institutional investors. Long-term investment requires positioning ahead of the curve, anticipating fundamental changes such as those relating to new building regulations, including energy conservation and environmental impact.
Next Estate, the sustainability focused fund…
Next Estate Income Fund is targeting a high level of distribution through the constitution and management of a diversified portfolio of offices located in the eurozone that meet sustainability criteria.
Following its first acquisition of a high environmental quality building leased in Paris, the Fund is concentrating its property search on Belgium and Germany, especially Brussels, Hamburg and Munich.
Next Estate Income Fund is an unlisted property investment fund based in Luxembourg.
The Fund was launched in 2010 with backing from BNP Paribas Real Estate.
Fund-raising has continued in 2011, bringing commitments to over €120 million.
Next Estate Income Fund is reaching €280 million in 2014.
Sustainable property management
Maintaining green buildings with Property Management
In 2007, BNP Paribas Real Estate Property Management created the first European charter specifically on sustainable management and maintenance of tertiary buildings, "Eco Property Management ©".It has so far been endorsed by sixty service providers across Europe.
The charter sets out guiding principles in the implementation of new practices in building upkeep and maintenance, and ensuring that service providers comply with them in managing properties. This approach means that our management tools are among the most effective in the market.
Making your mind green
Selecting ethical assets with Transaction, Consulting and Valuation
Our advisory staff have noticed a significant change over recent years in the criteria used by our clients when making property-related decisions.
Anticipate to improve targeting
BNP Paribas Real Estate employees have noticed a significant change over recent years in the criteria used by our clients when making property-related decisions. Previously relegated to last place, or even ignored, environmental criteria now tend to dominate among those factors which may fundamentally guide investor and occupier decisions in selecting a building.
On the basis of this trend, BNP Paribas Real Estate’s Transaction teams are working in conjunction with those in Valuation and Consulting to deliver the most appropriate solutions to our clients.
Consulting staff stress to clients the benefits of selecting the most compliant buildings possible relative to these standards, in particular by striving to enhance clients' property ranking schemes to include ‘green’ factors.
As such, the Valuation team requests documents and information from its clients regarding the energy efficiency and environmental performance of property assets to be valued. This information gathering is a decisive factor in building valuations.