Delighted to have been able to support Strutt & Parker on this transaction, both through audit and transaction support services. Another interesting development in an already dynamic part of the professional services market.
French bank BNP Paribas is to acquire a high-end UK estate agency in a Brexit-defying commitment to the UK property sector. BNP will merge its UK property arm, BNP Paribas Real Estate UK, with Strutt & Parker to create a group with combined turnover of about £180m a year. The deal follows several months of talks, as reported by the FT in March, and will result in Andy Martin, senior partner at Strutt & Parker, becoming chief executive of the new group, according to a person close to the situation.