Strutt & Parker is a large independent property partnership in the United Kingdom with 60 locations in various regions of the U.K, the company has just announced they have bought by BNP Paribas Real Estate.
Thierry Laroue-Pont, chief executive officer of BNP Paribas Real Estate said that the buyout of Strutt & Parker will give birth to a leading UK real estate player with the merger being completed next month.
The new company will offer clients a myriad of services in the UK property market including, development, investment management, property management, sales, advisory and valuation.
‘We are delighted to have this opportunity to create a new major real estate player that combines the skills of our two companies. 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, Laroue-Pont added.
Andy Martin, senior partner at Strutt & Parker said:
‘I have been impressed by the respect that they have shown for our values, and by their emphasis on the relationship with employees and clients across all our business sectors.
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,’ he pointed out.
The merger will create additional services for all types of assets, thus offering clients real added value. Both companies want to keep the customer at the centre of their decisions, by focusing on the excellence of the services provided. This commitment is undertaken equally by all the teams of BNP Paribas Real Estate and Strutt & Parker.
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