BNP Paribas completed the acquisition of a residential complex in Hamburg.

BNP Paribas Real Estate Investment Management, a real estate investment services of BNP Paribas, completed the acquisition of a residential complex in Hamburg. Financial terms were not disclosed. “Residential assets are a vital addition to the BNP Paribas Diversipierre portfolio. Strong demand for housing even during the pandemic and sustainable cash flows bring more than just stability to the overall portfolio. This residential complex in Hamburg-Bergedorf with its upside potential in terms of sustainability and with rent prices still below the market average represents a particularly attractive opportunity to combine social and environmental responsibility," Isabella Chacón Troidl, BNP Paribas REIM CIO.