{"id":197,"date":"2017-03-14T08:43:35","date_gmt":"2017-03-14T08:43:35","guid":{"rendered":"http:\/\/ceo.com.pl\/en\/?p=197"},"modified":"2017-03-14T08:43:35","modified_gmt":"2017-03-14T08:43:35","slug":"bnp-paribas-real-estate-generates-e-704m-revenues-2016","status":"publish","type":"post","link":"https:\/\/ceo.com.pl\/en\/bnp-paribas-real-estate-generates-e-704m-revenues-2016\/","title":{"rendered":"BNP Paribas Real Estate generates \u20ac 704m revenues* in 2016"},"content":{"rendered":"<div class=\"hentry single links--red-green\">\n<div class=\"release-object-content\">\n<p><strong>BNP PARIBAS REAL ESTATE GENERATES \u20ac 704M REVENUES* IN 2016<\/strong><\/p>\n<p><strong><em>\u00a0\u20ac 155m profit before tax<\/em><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ceo.com.pl\/en\/bnp-paribas-real-estate-generates-e-704m-revenues-2016\/#Breakdown_of_revenues\" >Breakdown of revenues:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ceo.com.pl\/en\/bnp-paribas-real-estate-generates-e-704m-revenues-2016\/#Key_figures_2016\" >Key figures 2016:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ceo.com.pl\/en\/bnp-paribas-real-estate-generates-e-704m-revenues-2016\/#2016_statement_by_business_line\" >2016 statement by business line<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Breakdown_of_revenues\"><\/span>Breakdown of revenues:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>43 % outside of France<\/strong> (of which 12% in the UK, 20 % in Germany 4% in Italy) and <strong>57% in France<\/strong>,<\/li>\n<li><strong>72 % in Real Estate Services <\/strong>(Transaction, Consulting, Valuation, Property Management and Investment Management) and <strong>28%<\/strong> <strong>in Commercial and Residential real estate development,<\/strong><\/li>\n<li><strong>38% from recurrent revenues:<\/strong> Consulting, Valuation, Property Management and Investment Management and Serviced Accommodation.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Key_figures_2016\"><\/span>Key figures 2016:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Investment Management:<\/strong> over \u20ac 1.6bn of new cash collected in funds and \u20ac 24.1bn of assets under management in Europe.<\/li>\n<li><strong>Property Management:<\/strong> revenues of \u20ac 94m and a managed portfolio of 38 million m\u00b2.<\/li>\n<li><strong>Advisory\u00a0(Transaction, Consulting, Valuation):<\/strong> revenue of \u20ac 314m.<\/li>\n<li><strong>Commercial real estate development:<\/strong> business volume of \u20ac 692 M. to January 1, 2017 178,500 m\u00b2 of offices are under construction in Europe and 154,000 m\u00b2 were completed in 2016.<\/li>\n<li><strong>Residential real estate<\/strong>: business volume of more than \u20ac 1bn including \u20ac 699m on own account, representing growth of 28% vs. 2015. Construction began on 1,593 homes.<\/li>\n<\/ul>\n<p><em>\u201cFor BNP Paribas Real Estate, 2016 was a year of earnings growth, with \u20ac 704m revenues and \u20ac 155m net profit before tax. Despite the difficult geopolitical environment in 2016, real estate markets have generally held up well. All our business lines are progressing as a whole. In 2017 we are to start implementing our 2020 development plan that structures and crystallises our ambitions for each of our business lines and uses digital to develop new service offers. With respect to our central functions, early-2017 has seen the creation of two new departments: an Innovation department and a Data department. Lastly, our commitment to CSR, which has become increasingly important in our clients\u2019 investment choices, also features among our priorities for 2017 and the coming years\u201d <\/em>comments <strong>Thierry Laroue-Pont,<\/strong> <strong>Chief Executive Officer of BNP Paribas Real Estate.<\/strong><\/p>\n<p><em>* <\/em><em>Revenue corresponds to net banking income plus income from companies consolidated under the equity method. It mostly consists of net fees from the different business lines and margins of development schemes based on percentage of completion.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"2016_statement_by_business_line\"><\/span>2016 statement by business line<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Investment Management<\/strong><\/li>\n<\/ol>\n<p>With revenues of <strong>\u20ac 98m<\/strong>, this business line saw inflows of <strong>over \u20ac 1.6bn of new cash in funds in 2016<\/strong>. In addition separate accounts\/mandates of \u20ac 1.3bn were realized. At the end of the year, it managed <strong>\u20ac 24.1bn<\/strong> of assets in Europe (+\u20ac 2.1bn vs. 2015), of which 73% on behalf of institutional investors.<\/p>\n<p>A transaction volume of about <strong>\u20ac 3.9bn <\/strong>was generated (investments and divestments), a record high.<\/p>\n<ol start=\"2\">\n<li><strong>Property Management<\/strong><\/li>\n<\/ol>\n<p>Property Management revenues came to <strong>\u20ac<\/strong> <strong>94m<\/strong> in 2016. The number of m\u00b2 under management is up <strong>4.5%<\/strong> with <strong>38<\/strong> <strong>million m\u00b2 <\/strong>of which 56% offices and 26% logistics, while 40% is in France and 60% abroad.<\/p>\n<p>Property Management enjoys a leadership position in mainland Europe for tertiary real estate, and an optimal regional coverage in Europe, established in 14 countries and 58 cities.<\/p>\n<ol start=\"3\">\n<li><strong>Advisory (Transaction, Consulting and Valuation)<\/strong><\/li>\n<\/ol>\n<p>In 2016, revenues generated by the Advisory activities came to \u20ac 314m. As such, in <strong>Transaction<\/strong>, <strong>6.2 million m\u00b2<\/strong> of commercial property were leased or sold in Europe (of which 1.9 million m\u00b2 in France) thanks to <strong>3,850<\/strong> commercial property transactions performed. Investment came in at <strong>\u20ac<\/strong> <strong>19bn<\/strong>.<\/p>\n<p>In <strong>Valuation<\/strong>, the business is predominantly in France (46%) in terms of revenues, followed by the UK (24%). The value of assets valued in the 12 countries where this business operates totalled \u20ac\u00a0289bn, representing about 130 million m\u00b2.<\/p>\n<p><strong>Consulting<\/strong> has three main types of services: Real Estate Advisory for occupiers (69%), Building Consultancy (project management, feasibility and opportunity research) with 15% and Outsourced Real Estate Management with 16%.<\/p>\n<ol start=\"4\">\n<li><strong>Office Property Development<\/strong><\/li>\n<\/ol>\n<p>In 2016, the business volume came to <strong>\u20ac 692m, with 154,000 m\u00b2 of completions.<\/strong><\/p>\n<p>Among the major schemes completed in 2016 were Tiburtina (Rome), 43,800 m\u00b2, Luxembourg Kirchberg (Luxembourg) 50,000 m\u00b2 and Unicity (Levallois-Perret) 36,000 m\u00b2.<\/p>\n<p>As of January 1, 2017, 178,500 m\u00b2 of offices were under construction in Europe.<\/p>\n<ol start=\"5\">\n<li><strong>Residential real estate (Property Development, Transaction and Property Management of serviced residences with Stud\u00e9lites and Hipark)<\/strong><\/li>\n<\/ol>\n<p>In 2016, the residential business line generated a<strong> business volume of more than \u20ac 1bn including<br \/>\n\u20ac 699m on own account, representing growth of 28% vs. 2015, completing 1,847 housing units delivered <\/strong>(+ 44.5% vs. 2015). <strong>Housing units started came in at 1,593 homes<\/strong>.<\/p>\n<p><strong>6,734<\/strong> units in serviced residences are under management across 50 Stud\u00e9lites student residences and 5 Hipark residences for business travellers.<\/p>\n<ol start=\"6\">\n<li><strong>Prospects<\/strong><\/li>\n<\/ol>\n<p><em>\u00a0\u201cOur 2017 ambitions for our business lines are clear. We notably expect growth in Investment Management, mainly due to a robust level of activity in France and Germany, as well as the forthcoming launch of the NEIF 3 fund. Recent pan-European mandates for Property Management, such as that signed with Logicor for over 1 million m\u00b2, should contribute to the growth that we expect for this business line. We also have major ambitions for our Advisory businesses for which we expect to at least match 2016 revenue. <\/em><em>In Office Property Development, we plan to launch 10 or so schemes in France and Continental Europe<\/em><em>. Our development strategy on this business line is based partly on researching substantial mixed schemes involving commercial\/residential\/hotel real estate in Ile-de-France and the regions and partly on our expansion in Europe. Lastly, we plan to start 2,300 homes in Residential\u201d<\/em><strong> concludes Thierry Laroue-Pont,<\/strong><strong> Chief Executive Officer of BNP Paribas Real Estate.<\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BNP PARIBAS REAL ESTATE GENERATES \u20ac 704M REVENUES* IN 2016 \u00a0\u20ac 155m profit before tax Breakdown of revenues: 43 % outside of France (of which 12% in the UK, 20 % in Germany 4% in Italy) and 57% in France, 72 % in Real Estate Services (Transaction, Consulting, Valuation, Property Management and Investment Management) and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9,8],"tags":[2723,2724,81,2788,2790,284,2791,180,173,161],"class_list":["post-197","post","type-post","status-publish","format-standard","has-post-thumbnail","category-companies","category-real-estate","tag-bnp-paribas","tag-bnp-paribas-real","tag-bnp-paribas-real-estate","tag-continental","tag-csr","tag-italy","tag-logicor","tag-luxembourg","tag-rome","tag-thierry-laroue-pont"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/198"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}