BNP Paribas Real Estate expands portfolio of managed properties
BNP Paribas Real Estate expands portfolio of managed properties

Property Management

BNP Paribas Real Estate expands portfolio of managed properties

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From the beginning of April, BNP Paribas Real Estate Poland will take over the management of four IKEA Centers retail parks located in Poland on behalf of the landlord Pradera. The contract will increase the Polish portfolio of managed properties by more than 140,000 sqm. Ultimately, the international property management business line of BNP Paribas Real Estate will manage 25 properties in eight European countries.

As of April 5, BNP Paribas Real Estate Poland will be providing complex property management services for four retail parks in Janki, Targówek in Warsaw, Katowice and Franowo in Poznań. These Polish property management mandates are part of the first pan-European contract on this scale signed by BNP Paribas Real Estate. Under the terms of this agreement, from Q2 the French teams will manage three sites and the German teams ten sites. During the second phase of the project, eight retail parks located in the Czech Republic, Denmark, Finland, Sweden and Switzerland will be provided with property management services. This mandate provides further evidence of the strength of BNPPRE’s network and that of its alliances in Europe.

It’s a great opportunity to work on medium-long term strategic and cross-border challenges with an expert in retail investment like Pradera. We are very motivated and well prepared to bring our best practices to this project in order to enhance the value of the portfolio

Csongor Csukas, Executive Director International Property Management, BNP Paribas Real Estate

Finalizing the transaction is one of the elements of the ambitious plans for growth on the commercial real property market in Central and Eastern Europe. The portfolio will be managed by the very experienced property management team at BNP Paribas Real Estate as part of a Pan-European contract. Over the long term-horizon we would like the properties taken over by us to become leaders in their class through high quality management and building on their well-established position and potential

Agata Brzezińska, Head of CEE, Pradera

A key advantage in the execution of this mandate lies with the centralized location of the financial services in Warsaw.

A pivotal factor in the success of the negotiations with the Pradera Found was our solid international foundations and close cooperation with BNP Paribas Real Estate Alliances. This contract proves that the BNPPRE property management department, supported by the Polish and global headquarters, is able to execute on corporate strategies to a best-in-class industry standard

Michał Pszkit, Head of Property Management for BNPPRE Central and Eastern Europe

The Polish team benefits from the extensive experience and global skills brought by BNP Paribas Real Estate in the management of prestigious properties throughout Europe as well as their local knowledge and experience.
The agreement was signed with the landlord Pradera, which in early March bought 25 IKEA Centres located in eight European countries. This contract has enlarged the Polish portfolio of BNP Paribas Real Estate Poland from 19 to 23 properties, of which 9 are retail premises. In addition to IKEA Centers retail parks, BNP Paribas Real Estate Poland also manages Klif Fashion House in Warsaw, CH Klif Gdynia and CH Turawa Park in Opole, among others.

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