BREP Asia II x BNP Paribas Wealth Management

Learn more about Blackstone Real Estate Partners Asia II’s strategy through a discussion between our expert in Private Real Estate and a Managing Director of Blackstone Real Estate.



In a nutshell

Jean-Michel Beghin
Extended Screen I BNP Paribas Wealth Management

1.    Overview on Asian economy
    •    Post-Covid, the economy has not yet fully reopened in Asia, which may offer attractive investment opportunities
    •   Asia is the fastest-growing economy in the world (38% of global GDP growth in Asia in 2021)


2.    BREP Asia II, at the end of Q3 2021
    •     $7.4bn (fund size)
    •     76% of the fund is already invested and/or committed
    •     Sector allocation
            •     35% invested in offices
            •     30% invested in logistics
            •     10% invested in retail
            •     25% invested in other real estate asset classes (e.g. hotels, residential)
    •     Geographical allocation
            •    86% invested in China, India, Japan and Australia

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This video is communicated by the Wealth Management métier of BNP Paribas SA, supervised and authorized as a bank by the European Central Bank (“ECB”), and in France by the French “Autorité de Contrôle Prudentiel et de Résolution” (“ACPR”) and regulated by the French “Autorité des Marchés Financiers” (“AMF”) (hereinafter “BNP Paribas”).

Blackstone Real Estate Partners Asia II (Lux) SCSp is a special limited partnership (“société en commandite spéciale”) registered with the CSSF (“BREP ASIA II”) managed by Blackstone Real Estate Associates Asia II (Lux) Sarl, a private limited liability company established and registered in Luxembourg. Duff & Phelphs (Lux) Management Company Sarl (Luxembourg), is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF and which has been appointed to manage BREP ASIA II.

PrivAccess V Real Estate Asia 2 is a compartment of PrivAccess V SICAV RAIF-SCA (hereinafter “PrivAccess V REA 2“) a Luxembourg investment company with variable capital, structured under the form of a Multi-Compartment Reserved Alternative Investment Fund, registered as a corporate partnership limited by shares, registered with the CSSF. It is managed by its general partner: PrivAccess General Partner Sarl and Global General Partner SA, which is an Alternative Investment Fund Manager authorised by the Luxembourg CSSF, and appointed to manage PrivAccess V REA 2.

This video is confidential and intended solely for the use of the persons to whom it has been delivered and must not be distributed, published or reproduced in whole or in part nor may it be quoted or referred to in any document/video without the prior consent of BNP Paribas.

This video is provided solely for the purpose of providing general information and shall not constitute an offer a solicitation or investment advice nor may it form the basis of or be relied upon in connection with any subscription or commitment. In addition, this video and its contents may under no circumstances be construed as an advertisement, inducement or recommendation of any kind or form whatsoever.

Although, the information provided herein may have been obtained from BREP ASIA II, sources considered to be reliable and while all reasonable care has been taken in the preparation of this video, BNP Paribas does not make any representation or warranty, express or implied as to its accuracy or completeness and does not accept responsibility for any inaccuracy, error or omission nor any liability for the use of or reliance on this video or any part of the information contained herein.

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