BNP Paribas in takeover talks with estate agent Strutt and Parker
March 16, 2017
It is being reported on various media outlets that BNP Paribas France’s largest bank is in takeover talks with upmarket estate agent Strutt & Parker.
It would appear from reports that discussions over a deal have been ongoing for a number of months, the French bank has taken a keen interest in buying the estate agent’s commercial property arm, but they may join forces with another group to take on the residential estate agency business.
Strutt and Parker is one of Britain’s oldest independent property agents set up in 1885, specialising in selling high-end homes in London and the country, including the managing of farmland.
The French bank BNP Paribas employs around 7,500 people in the UK, they recorded revenues of 43.4 billion euro (£37.7 billion) for the last financial year.
Both Strutt & Parker and BNP Paribas have reportedly declined to comment.
You May Also Enjoy
Public Sentiment Favours Social Infrastructure Over Housing Resistance
Britain is more YIMBY than NIMBY, as social housing tops consumers’ housing policy priorities More than two in five UK adults support new homes being built within three miles of where they live (43 per cent), nearly twice the proportion who oppose local development (22 per cent) Building social or affordable housing is the…
Read More 
Homebuyers are Prioritising Wi-Fi Over Good Schools
One in four Brits would reject a home over potential slow broadband Almost half (45%) of recent and prospective home movers rank broadband among their considerations when choosing a home, much more so than local schools (26%) Over 1 in 3 (37%) don’t feel settled into a new home until their Wi-Fi is working. Of…
Read More 
Landlord returns reach almost 7% in some areas
Landlord returns reach almost 7% in strongest rental markets, but protecting those returns is just as important as generating them The latest analysis by The Letting Partnership has revealed that rental yields are reaching almost 7% in England’s strongest-performing markets, but the firm has warned landlords that generating a healthy return is only half the equation,…
Read More 
Portfolio landlords now control almost half of England’s private rentals
A changing landlord landscape is being shaped by wealth creation, lifestyle flexibility and a more professional approach to property investment. A new generation of investors are entering the market driven by long-term wealth creation, lifestyle flexibility and a more business-minded approach to property ownership, according to John Minnis estate agents. While the latest English Private…
Read More 
Commuter growth peaks in the north as Manchester and Glasgow lead the way
New analysis from the UK’s largest property platform Rightmove, reveals the commuter hotspots around six major cities where average asking prices are rising the fastest Affordable commuter locations around Glasgow and Manchester lead house price growth Falkirk, Stirlingshire, has the highest price growth at +13.5%, with an average asking price of £183,596 While asking prices…
Read More 
Castles, cottages, vineyards and barn conversions
The latest data from LandSale has revealed what buyers can expect to pay, and how much they can get for their money if they want to escape to the country, with castles, vineyards, barn conversions, and cottages currently offering very different routes to rural living. The analysis draws on LandSale’s internal listing data and examines…
Read More