BNP Paribas Real Estate Investment Management (REIM) has completed the first acquisition for its European Impact Property Fund (EIPF). The office building located at Via Benigno Crespi 26, in Milan, is home to one of the top 10 Swiss listed companies and is set to become the first asset EIPF will bring to Paris-aligned climate standards.
EIPF is a SICAV-SIF based in Luxembourg. This core open-end fund managed by BNP Paribas REIM Luxembourg offers international institutional investors the opportunity to go one step beyond established pra ctices with a climate-impact-investing approach, through diversified investment across Europe. EIPF successfully raised around €300m in equity commitments since its launch in November 2020.
You can now read the full press release at the link below