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
Breaking Property News 3/6/26
Daily bite-sized proptech and property news in partnership with Proptech-X. Oxford to Cambridge Growth Corridor launches shared vision to become a top-10 global innovation cluster Later today, at a major science and innovation conference hosted by Bidwells at Westminster’s QEII Centre, the Chancellor, Science Minister Lord Vallance and Housing Minister Matthew Pennycook will set out a…
Read More 
Refurbishment budget requirements approach £86,000
Jonathan Samuels, CEO of specialist lender, Octane Capital, believes that whilst refurbishment projects continue to offer some of the strongest value-add opportunities within the property market, investors must ensure they budget appropriately from the outset, with contingency planning often proving the difference between a successful project and one that stalls before completion. Octane Capital analysed average…
Read More 
Renting for Life: Six in Ten Tenants are Staying Longer Than They Ever Planned
Six in ten tenants across England and Wales are renting for longer than they ever planned to, according to new research from LRG. The Spring 2026 Lettings Report, which draws on responses from 650 landlords and tenants, found that 40% say they have been in the rental market for much longer than they expected, with…
Read More 
Keep Your Move on Track: Reducing the Risk of a Fall Through
Buying or selling a home is one of the biggest financial commitments most people will ever make. Unfortunately, not every agreed sale reaches completion. When a transaction collapses before contracts are exchanged, it is known as a “fall through”. Fall-throughs can be costly, causing delays, financial losses, and significant stress for everyone involved. Buyers may…
Read More 
London rents up just 0.7% since RRA became law
The latest research from London lettings and estate agent, Benham and Reeves, has revealed that rental growth across London has remained consistent since the Renters’ Rights Act received Royal Assent, with rents increasing by just 0.7% since, the same rate of growth seen during the equivalent period prior to October of last year. In fact,…
Read More 
Will RRA mean almost 50% of renters need a guarantor?
A surge in tenants who require a rent guarantor is coming to the post-RRA rental market New analysis by Zero Deposit reveals that the proportion of local authority districts in which the average tenant is likely to need a rent guarantor to secure pass tenancy affordability checks could increase from one-in-five to almost one-in-two…
Read More