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
Burnham’s property and land tax: what would it mean for property owners?
With reports suggesting that property and land taxes could be on the cards under Burnham, Simon Gerrard, Chairman of Martyn Gerrard Estate Agents, comments on what these proposals could mean for homeowners, particularly those in London who are likely to bear the brunt of any changes, given the capital’s significantly higher property values. On uncertainty:…
Read More 
Homebuyers can save up to 47% by looking next door to the UK’s priciest postcodes
New research reveals how much less buyers could pay in postcodes neighbouring the UK’s most expensive locations Homes in these neighbouring areas are 28% cheaper on average, with the biggest gap reaching 47% in the North East Significant savings also seen in London, Scotland, Wales and Northern Ireland Homebuyers could save up to 47%…
Read More 
Your First-Time Buyer Mortgage Journey
Introduction Buying your first home is one of the biggest financial decisions you’ll ever make, and the mortgage process can feel like a maze of unfamiliar terms, forms and waiting. The good news is that mortgages for first-time buyers follow broadly the same path, and once you understand the stages involved, the process becomes far…
Read More 
London property values set to fall
The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau…
Read More 
London property values set to fall
The latest market analysis from House Buyer Bureau has found that London is now the only region of Britain where house prices continue to trend downwards, with the average home in the capital forecast to lose almost another £5,000 in value before the end of the year should current market conditions persist. House Buyer Bureau analysed…
Read More 
Second-steppers turn to higher LTV mortgages as deposits fall
Barclays mortgage data shows the average value of home movers’ (non-first-time buyers) deposits fell -24.8 per cent year-on-year However, the average purchase price for home movers increased 1.0 per cent year-on-year in June, as borrowers make use of higher loan-to-value mortgage products to climb the ladder 34 per cent of prospective second-steppers say they feel…
Read More