01 August 2017
Reporter: Theo Andrew

BNP Paribas RE UK to merge with Strutt & Parker

BNP Paribas Real Estate UK has acquired Strutt & Parker, one of the UK’s largest independent property partnerships.

The merger, due to be completed in September, will allow BNP Paribas RE UK to broaden its services offering through Strutt & Parker’s expertise in rural and residential markets.

No financial details were given for the acquisition.

BNP Paribas will now operate the commercial arm of the business, while Strutt & Parker will continue to run its rural, residential and urban development teams across its 60 UK offices.

Thierry Laroue-Pont, CEO of BNP Paribas RE, said: “This combination will enable us to offer our clients, all over the world, a broadened and deeper expertise as well as new, even more innovative services and solutions. In this new stage of development, we shall carefully take into consideration the expectations of both groups’ employees and clients.”

Andy Martin, senior partner at Strutt & Parker, said: “I have been impressed by the respect that [BNP Paribas] has shown for our values, and by their emphasis on the relationship with employees and clients across all our business sectors.”

He added: “This merger not only creates attractive commercial real estate opportunities, but also opens up new prospects in the rural and residential sectors thanks to the size and strength of the group that we are creating together.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Aviva acquires Bristol redevelopment
20 October 2017 | Bristol | Reporter: Becky Butcher
Aviva Investors has purchased the first phase of a redevelopment business park in Bristol for £30 million
Coyote names Rob Bould as non-executive director
19 October 2017 | London | Reporter: Theo Andrew
Rob Bould, who has 40 years of real estate experience, will help grow the data platform, which will track, manage and report the performance of real estate assets in real-time
Hammerson expands flagship Parisian shopping centre
19 October 2017 | Paris | Reporter: Theo Andrew
The 11,000-square metre property adjoins its Les Trois Fontaines centre, the firm’s recently refurbished flagship asset in Paris
SELF II reaches €500 million on third close
19 October 2017 | Paris | Reporter: Theo Andrew
The pan-European debt fund achieved the equity through institutional investors from France, Germany and Italy
Encore+ adds Dutch office for €50 million
18 October 2017 | Eindhoven | Reporter: Theo Andrew
The the pan-European open ended core-plus fund is co-managed by Aviva Investors and LaSalle IM, as fund manager and asset and transition manager, respectively
LGIM Real Assets lands Stansted hotel for £48.3 million
17 October 2017 | London | Reporter: Theo Andrew
The development, which was completed in July 2017, is the second hotel to be located on-terminal at Stansted Airport
Deutsche AM closes €568 million pan-European fund
16 October 2017 | London | Reporter: Theo Andrew
The core fund will focus on income and capital growth across the larger European economies in sectors including office, retail and logistics