As of January 2018, BNP Paribas Real Estate was selected to provide property management services for a real estate portfolio of 60,000 sqm commercial properties owned by OTP Real Estate Investment Fund. The mandate consists of 4 buildings: Akadémia Park, Szépvölgyi 22, Raday 42 and a logistics park in Gyál, at the outskirts of Budapest.
A key player in the local property investment market, OTP Real Estate Investment Fund Management launched OTP PRIME Real Estate Investment Fund specialized for Class A office buildings in January 2017. While OTP PRIME Real Estate Investment Fund focuses on the upper segment of Class A properties, the more than 15 years old OTP Real Estate Investment Fund, which has over HUF 220 billion net asset value, is open for the acquisition of other types of properties for examples retail and logistics. The main goal is portfolio diversification and risk reduction. Both real estate funds are searching for Class A, economically sustainable properties with excellent tenant mix and stable cash flow. In other words, the objectives of the funds are to acquire, develop and manage properties according to high-quality standards which create long-term value for its investors.
