These are not BNP Paribas REIM's first steps into the healthcare and hotel markets. The company has already launched several funds dedicated to these sectors, such as Healthcare Property Fund Europe for healthcare, Plein Air Property Fund 1 or SPA Property Fund 1 for hotels and leisure; it has also made numerous investments for its diversified funds in these sectors. As a result, healthcare, hotels and outdoor tourism now account for over €2 billion, or 10% of assets under management across Europe.