Amundi Real Estate and BayernLB announce the successful closing of Amundi RE’s first acquisitions in Germany

Amundi RE acquired its first buildings in Germany in a transaction financed by BayernLB.

Amundi RE acquired two core asset properties, both benefiting from being situated in prime locations in strong and stable markets:
-          Covent Parc, a multi-let 9,500sqm office building on the Fuhlentwiete in the Central Business District of Hamburg, Germany’s second largest city.
-          Atelier an der Medienbrücke, a new 5400sqm office building located near the Ostbahnhof station in Munich, let in its entirety and on a long-term basis to a publishing house.

Nicolas Simon, CEO of Amundi RE, comments: “Amundi RE already has strong real estate investment expertise in France, Italy, Japan and Morocco. With these investments in Germany, it continues to further diversify its funds internationally. Following the launch of our Italian funds, for the first time we now offer our French private investors access to European markets and will soon do so to our institutional investors. Similarly, Amundi Real Estate is also already helping German clients to invest in the French market ».

Carmen Lopes, Head of Fund Management OPCI FCPR at Amundi RE, stated: “We are delighted with our first foray into the German market, which offers promising opportunities for our investors. In making this investment, we benefited greatly from a local presence of both our financial partner BayernLB and of our operating partner L’Etoile Properties”.
   
Sebastien Liberge, Head of Real Estate Finance for BayernLB in Paris said: “These transactions perfectly illustrate our cross-border strategy of accompanying international investors into our domestic market. Together with Amundi, we demonstrate that thriving in today’s market environment is possible, provided you share the required resilience and competence as your customer”.

L’Etoile Properties, based in Paris and Hamburg, has undertaken the asset and property management.

About Amundi Real Estate
Amundi Real Estate was formed from the merger of the real-estate investment management operations of Crédit Agricole (Crédit Agricole Asset Management Real Estate) and Société Générale (Société Générale Asset Management Real Estate Investment Managers). With 7 billion euros* under management, the new entity develops, structures and manages real estate funds.
Amundi Real Estate is the second largest SCPI management company in France in terms of capitalisation with 12% of market share (source: Institut de l’Epargne Immobilière et Foncière, February 2012), with operations in France, Italy, Japan, Morocco and Luxembourg.
It benefits from the expert skills of Amundi Group.
*31 December 2012
www.amundi-immobilier.com

About Amundi
Amundi ranks second in Europe1 and ninth worldwide 1 among the players in asset management with close to €750 billion under management2. Located at the heart of the main investment regions in some 30 countries, Amundi offers a comprehensive range of products covering all asset classes and major currencies. Amundi has developed savings solutions to meet the needs of more than 100 million retail customers worldwide and designs innovative, high-performing products for institutional clients which are tailored specifically to their requirements and risk profile. It contributes to funding the economy by orienting savings toward company development. Benefiting from the support of two powerful banking groups, Crédit Agricole and Société Générale, Amundi aims to establish itself as a leading European asset management, recognised for:
- the quality of its products, their financial performance and transparency
- its close relations with customers, partner networks and institutions
- the efficiency of its organisation, resulting from the individual and collective talents of its teams
- a commitment to integrate sustainability and socially responsible criteria into its investment policies, going beyond financial criteria alone.

1. Total assets under management – Source IPE “Top 400 asset managers active in the European marketplace” published in June 2012, based on figures as at December 2011. Ranking established from a questionnaire fulfilled by fund management companies total AUM as at December 2011 (open-end funds, dedicated funds, mandates). Ranking modified to account for a double counting of assets.
2. Amundi Group figures as at 31 December 2012.
www.amundi.com

About BayernLB
Bayern LB is one of the most prominent specialized real estate lenders in Germany, offering a broad scope of industry services, from asset management to valuation and M&A advisory.
BayernLB is one of Germany's leading business financiers, benefiting from its strong partnership with the local saving banks.