Leading European real estate adviser Atisreal has expanded its European business further through the acquisition of Barnes Daniels and Partners, to create a new subsidiary: Atisreal Jersey.
Atisreal is now established in 15 countries, with 67 direct offices, plus a worldwide Alliance network, also recently enlarged to Greece and Cyprus. This acquisition gives Atisreal, already a top ten player in the UK market, a substantial market presence in the Channel Islands, where Barnes Daniels and Partners is co-leader in Transaction and Consulting.
With six employees, Barnes Daniels and Partners, a RICS company, was founded in 1998 by partners Richard Barnes and Chris Daniels. The company, based in St Helier, is specialised in Investment, Valuation and Property Management, with an annual growth of over 25% per year.
Barnes Daniels and Partners has a number of key clients and is retained under exclusive mandate for some of the most substantial commercial developments in Jersey in the next few years.
Henri Faure, Chairman of Atisreal, comments: “With this new acquisition, we add a very profitable company to the Atisreal Group. We already knew the Barnes Daniels and Partners' team very well as they have been our “Alliance” partner in Jersey since 1998, so we are very confident in their ability to take opportunities and develop business in the very dynamic local market. Atisreal Jersey will also take advantage of cross-selling with BNP Paribas, which has been present since 1979 and covers Jersey, Guernsey and the Isle of Man with a team of over 300”.
David Myatt, Head of Channel Islands region for BNP Paribas Group, comments: “This is a great move forward bringing the Atisreal expertise further into the Islands, recognising their growing potential and the importance of real estate as a fast evolving asset class within the international financial services world. We're looking forward to working together wherever possible.”
Atisreal, continental Europe's leading commercial real estate services group, offers public and private sector organisations, occupiers and investors a full range of real estate services; advisory, letting & sales, investment, valuations, space planning, as well as market research.
Atisreal accompanies its client's national and international real estate strategies via a network of 67 offices (in Europe, Middle-East, India plus New York), and across America and Asia thanks to its Alliance Partners.
Atisreal employs 2, 500 professionals and generated a net banking income (NBI) of € 431 million in 2007.
Atisreal is a subsidiary of BNP Paribas Real Estate, the real estate division of BNP Paribas, ranking among the world's top 10 banks by market capitalization and total assets.
For further information: www.atisreal.com