BNP PARIBAS ASSET MANAGEMENT REAL ASSETS UK LIMITED

• ◆

  1 PSC ceased in last 24 months

  Significant control changed hands — see the Ownership section.

1. BNP PARIBAS ASSET MANAGEMENT REAL ASSETS UK LIMITED 2026-04-01 → present
2. AXA REAL ESTATE INVESTMENT MANAGERS UK LIMITED 2000-03-06 → 2026-04-01
3. AXA SUN LIFE PROPERTIES LIMITED 1997-10-31 → 2000-03-06
4. SUN LIFE PROPERTIES LIMITED 1990-09-17 → 1997-10-31
5. NORTH BRITISH LAND & PROPERTY LIMITED 1979-12-31 → 1990-09-17
6. BELLWAY PROPERTIES LIMITED 1973-05-29 → 1979-12-31

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Ernst & Young LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“Having assessed the principle risks, the directors considered it appropriate to adopt the going concern basis of accounting in preparing its financial statements.”

Group structure

1. BNP PARIBAS ASSET MANAGEMENT REAL ASSETS UK LIMITED · parent
   1. Alternative Property Income Venture (General Partner) Limited 100% · UK · General Partner of a Partnership
   2. UK Long Lease Property (GP) Limited 100% · UK · General Partner of a Partnership
   3. Baytree Logistics Developments Limited 44.08% · UK · Limited Company

Significant events

• “On August 1, 2024, AXA had announced that it had entered into an exclusive negotiation to sell its asset manager AXA Investment Managers to BNP Paribas for cash proceeds of €5.1 billion.”
• “BNP Paribas' acquisition of AXA IM closed on 1 July 2025, with AXA IM becoming a BNP Paribas Group entity.”
• “REOF II (GP) Limited was liquidated on 6 August 2023.”
• “Alternative Property Income Venture General Partner Sarl was liquidated on 25 March 2024.”
• “On 23 March 2023, Baytree Logistics Developments Limited issued additional shares to another investor, increasing their investment from 40% to 41.23%. This diluted the Company's interest from 45% to 44.08%.”
• “On 9 May 2025, the Company acquired all the shares of Baytree Logistics Developments Limited ("BLDL") that were held by another investor, Baylog Holding Limited. These shares represented 14.69% of the ordinary shares of BLDL and the total acquisition costs were £1,418,735. Following this transaction, the Company now holds 58.77% of the total shares of BLDL.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -1.4%

  £16,062,435 → £15,843,926

• Cash

  -69.3%

  £8,301,471 → £2,550,136

• Net assets

  -25.8%

  £6,726,484 → £4,992,002

• Employees

  —

  Not reported

• Operating profit

  -79.9%

  £2,792,161 → £561,435

• Profit before tax

  -89.4%

  £4,528,597 → £480,557

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers