French fund manager BNP Paribas REIM has made two acquisitions in France for a total of EUR 229 mln. The transactions were completed on behalf of BNP Paribas' new OPCI funds, TPF1 (Technical Property Fund 1) and TPF2 (Technical Property Fund 2). These unlisted investment vehicles are intended for institutional parties and were launched in July and December 2008.
As Ares completed a €325 mln French logistics acquisition from Blackstone, another French portfolio came onto the market.
