BNP Paribas Real Estate announces two new funds

* Next Estate fund to focus on euro zone, UK offices

* Plans French REIT focused on Europe, France offices

* Int'l inv mgt expands to Belgium, Luxembourg, Spain

LONDON, Oct 5 (Reuters) - Property advisory firm BNP Paribas Real Estate (BNP REIM) announced two new office funds and the expansion of its international investment management business to Belgium, Luxembourg and Spain.

The expansion means the international investment manager will have some 10 billion euros ($14.6 billion) of assets invested in European property, including 1.8 billion from Fortis Private Real Estate (FPRE), it said on Monday.

FPRE Chief Executive Christian Fabert will join BNP REIM's executive committee and will be responsible for developing business in those three countries, BNP Real Estate, a unit of BNP Paribas (BNPP.PA), said in a statement.

The firm also announced its pan-European Next Estate fund, which would invest in offices across the euro zone and Britain, aiming to invest up to 600 million euros, with a maximum gearing of 50 percent, for institutional investors.

That fund's first close is expected at the end of the first quarter 2010. It will be advised by BNP Paribas Real Estate Investment Services.

A second fund -- an OCPI, or French real estate investment trust, whose launch is subject to approval from the stock exchange regulator -- will invest in offices in France and Europe and will start raising capital in 2010.

The OCPI will be managed by BNP REIM in France.

BNP Real Estate also said it is considering a new fund-outsourcing service in Italy. (Reporting by Andrew Macdonald; Editing by David Holmes) $1 = 0.6839 euro)