BNP Paribas Real Estate Property Management has become the market leader in Belgium with the acquisition of Aberdeen Property Investors Belgium. This acquisition means that BNP Paribas Real Estate now has more than 2.2 million m² of commercial real estate under management.
Aberdeen Property Investors Belgium, previously Catella Property Management, was founded in 1991 and is managed by Bart Van Den Berg (Managing Director) and Bruno De Wolf (Director). Located in Brussels, the company manages over 1 million m² of commercial real estate properties on behalf of more than 30 international clients including the leading investment companies in the market. The company was ranked in the top three in Belgium prior to the acquisition, due to a sustained period of growth.
BNP Paribas Real Estate Property Management manages over 1 million m² of commercial real estate properties in Belgium and is managed by Frederic Van de Putte (Managing Director). The company works on behalf of 45 national and international clients and is now leader in Belgian property management.
Rickard Backlund, Group CEO of Aberdeen Property Investors commented: "Aberdeen Property Investors as a group has grown quickly in the field of Property Fund and Asset Management across Europe over the past years. We are delighted that our Belgian property management will benefit from becoming part of BNP Paribas Real Estate, a European leader in the sector. We are convinced that our Belgian team will be able to continue its strong development, with the added support and focus from this dedicated property management group."
Henry Gast, Chairman of BNP Paribas Real Estate Property Management comments: "Thanks to our strong track record, added to the quality expertise of Aberdeen Property Investors in Belgium, BNP Paribas Real Estate Property Management has considerably strengthened its leadership in Europe* with a total of 25 million m² of commercial real estate under management."
Lauric Leclerc, Chief Executive Officer, will oversee the integration of the new company into the BNP Paribas Real Estate Property Management business line.
*BNP Paribas Real Estate Property Management, a subsidiary of BNP Paribas Real Estate, is active in nine European countries (Belgium, France, Germany, Italy, Ireland, Jersey, Luxembourg, Spain and United Kingdom).
Source: BNP Paribas
