BNP Paribas Group in Luxembourg News and Press
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September 14, 2015 -

Düsseldorf: NEIF 2 fund, managed by BNP Paribas Real Estate acquires the BLUE DUO buildings

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Düsseldorf: NEIF 2 fund, managed by BNP Paribas Real Estate acquires the BLUE DUO buildings.

NEIF 2 fund (Next Estate Income Fund II), managed by BNP Paribas Real Estate has just bought the BLUE DUO buildings in Düsseldorf from Nordrheinische Ärzteversorgung (the North Rhine-Westphalia doctors’ pension fund).

Located in the Kennedydam business district, the 31,200 m² scheme is mainly rented to KPMG for a term of about nine years.

DüsseldorfThese buildings, completed in 2007 and 2013, were financed by NATIXIS Pfandbriefbank AG. Features include 631 parking places and innovative façades with retractable solar panels.

This high quality asset in the established Kennedydamm district in Düsseldorf occupied by a blue-chip tenant, strengthens the Fund’s allocation in Germany, one of the most robust office markets in Europe.

NEIF 2 is a pan-European Fund based in Luxembourg managed by BNP Paribas Real Estate. It offers diversification in the Eurozone office sector to international institutional investors.

For this deal, BNP Paribas Real Estate Investment Management was advised by law firm Linklaters. The North Rhine-Westphalia doctors’ pension fund was advised by JLL and the law firm LLR.

 

Press Contact:

Amira TAHIROVIC-HALILOVIC – Tél: +33 (0)1 55 65 22 08 Mobile : +33 (0)6 37 78 12 17 – amira.tahirovic-halilovic@bnpparibas.com

Arnaud FRABOUL – Tél: +33 (0)1 55 65 21 15 Mobile : +33 (0)7 85 16 09 20 – arnaud.fraboul@bnpparibas.com