Amundi releases real estate key figures

El_Portico_building_MadridEurope’s largest asset manager said it had carried out property transactions worth more than €3 billion in 2018 through its real estate arm.

At 96% of the volume, offices accounted for almost all of Amundi’s acquisitions during the year, with hotel assets representing 3%.

Thirteen office buildings were purchased across Europe, notably El Pórtico in Madrid (pictured). The 21,000m² office building was Amundi Real Estate’s first acquisition in Spain for the funds it manages.

Amundi Real Estate is now present in 14 countries, the firm said, with France and Germany accounting for 66% of acquisitions in 2018. Italy accounted for 11%, Spain 6%, the Netherlands 6%, Austria 5% and 5% of acquisitions were in the Czech Republic.

Net inflows to Amundi’s real estate business last year were €3.18 billion, including €1.8 billion from retail investors.

The €3 billion of property transactions in 2018 brought Amundi Real Estate’s transactions total over the past three years to over €14 billion and assets under management were €31 billion, a 6.5% year-on-year increase.

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