BNP Paribas Real Estate has been selected to provide property management services for Logicor in Germany.
BNP Paribas Real Estate property management team now manages 2,1 million sq m of logistics assets in Germany including more than 1 million sq m across 34 properties for Logicor.
Frank Helm, Managing Director of BNP Paribas Real Estate Property Management Germany said “We are delighted to have earned the trust of a leading European logistics real estate company such as Logicor. With this new mandate, our teams demonstrate their capacity to provide Logicor with support and guidance in the day-to-day management of logistics facilities.”
Buddy Roes, Managing Director, Germany at Logicor added, “I look forward to working alongside BNP Paribas Real Estate to drive improved performance across a large portion of our Germany logistics portfolio.”
With a presence in 14 countries and 50 cities, the Property Management business line of BNP Paribas Real Estate manages more than 36.3 million sq m in commercial real estate and employs nearly 800 people.
Logicor owns and operates more than 2.3 million sq m of logistics space in Germany.
Logicor, Blackstone's European logistics platform, is one of the premier real estate companies in Europe focusing on the ownership and operation of modern logistics and distribution properties. Logicor currently owns over 13 million square metres of space in properties across key European markets.