BNPP AM Alts acquires c. 18,000 sqm logistics centre near Stuttgart
BNP Paribas Asset Management Alts (BNPP AM Alts), the largest alternatives asset manager in Europe and a global leader with c.€300 billion of assets under management, has acquired on behalf of clients a newly developed, high-quality logistics centre with a lettable area of over 18,000 sqm in Mühlacker, near Stuttgart, Germany, from Lang & Cie.
This transaction follows BNPP AM Alts’ acquisition of a 63,000 sqm logistics centre in Möckmühl near Heilbronn, reflecting its continued interest in the German logistics market. Its European Logistics strategy has also recently issued a €500 million green bond which attracted strong investor interest being more than 6 times oversubscribed. The proceeds will be used for sustainable logistics real estate and for projects in the areas of energy efficiency, biodiversity, and solar energy.
Completed in August 2025, the newly developed property from Lang & Cie. comprises high-quality warehouse and office space on a site of over 30,000 sqm and is fully let to a single tenant. Located in the greater Stuttgart area, one of Germany's leading production sites and centre of the German automotive industry, the logistics centre benefits from excellent regional and national transport links, which ensure optimal logistical connectivity for the tenant.
In line with BNPP AM Alts’ commitment to acquire, develop, and manage sustainable real estate assets with high ESG standards, the scheme is DGNB Gold certified and features both a heat pump system and a photovoltaic system on the roof.
"We are delighted to further expand our portfolio of high-quality, future-oriented logistics properties in one of Europe's most dynamic economic regions. This logistics centre in Mühlacker represents exactly the type of quality properties we are looking for in our portfolio. With its strategic location in the heart of the German automotive industry, a long-term lease with a first-class tenant, and impressive sustainability features, this property fully fits into our European logistics strategy.” said Philippe Grasser, Head of European Transactions at BNPP AM Alts.
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Notes to editors
All figures as at end-September 2025. Based on BNPP AM internal data analysis.
About BNP Paribas Asset Management Alts
BNP Paribas Asset Management Alts (BNPP AM Alts) is the alternative investments platform of BNP Paribas Asset Management. It is the largest alternatives asset manager in Europe and a global leader, with approximately €300 billion in assets under management across Real Estate, Infrastructure, Alternative Credit and Private Equity.
With more than 30-year track record, BNPP AM Alts has built a reputation as a pioneering and innovative asset manager, combining an entrepreneurial investment culture with strategic discipline.
BNPP AM Alts finances the real economy by providing equity and debt to help companies to expand by developing, managing and financing infrastructure and buildings essential to economic growth.
Sustainability is at the core of our investment decision-making processes, with a particular focus on decarbonization.
All figures as at end-September 2025.
Based on BNPP AM internal data analysis
About BNP Paribas Asset Management
BNP Paribas Asset Management (BNPP AM) is the asset manager of BNP Paribas, a leading banking group in Europe with international reach.
Among the top three asset managers in Europe, BNPP AM manages more than €1.6 trillion in assets for institutional, corporate, retail and wealth clients worldwide, combining liquid and alternative capabilities with a leadership position in long-term savings management for insurers and pension funds (€850 billion AUM).
BNPP AM offers a broad range of liquid investment solutions, spanning fixed income, high conviction active strategies and a fast-growing ETF offering, together representing over €1 trillion in assets under management.
The alternatives platform, built on over 30 years of experience, is the largest in Europe and a global leader, managing approximately €300 billion across real estate, infrastructure, alternative credit and private equity.
Sustainable and thematic investment capabilities are embedded across the business, supporting client’s long-term objectives.
BNPP AM brings together expert professionals across nearly 40 countries, blending global reach with local expertise.
Source for combined AUM: BNPP AM, as of 30 September 2025.
Based on Assets under Management ranking as published by major Asset Managers in 2024 - IPE Report 2025.
Based on BNPP AM internal data analysis.
Disclaimer
The investment identified does not represent all of the investments purchased, sold, or recommended for the strategy. There is no guarantee that the investment we make were or will be profitable. Developments of the past offer no guarantee and are no indicator for any future returns or trends.
Private assets are investment opportunities that are unavailable through public markets such as stock exchanges. They enable investors to directly profit from long-term investment themes and can provide access to specialist sectors or industries, such as infrastructure, real estate, private equity and other alternatives that are difficult to access through traditional means. Private assets do, however, require careful consideration, as they tend to have high minimum investment levels and may be complex and illiquid.
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AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.