The bank for a changing world

Atisreal, a subsidiary of BNP Paribas Real Estate, is pushing ahead with its international expansion

  • 28.02.2008
The beginning of 2008 marks an acceleration in Atisreal's international expansion strategy. The company consolidates its position in the United Kingdom, creates subsidiaries in 5 new countries and has just signed an Alliance contract in Russia.

Atisreal is now established in 13 countries, with 65 direct offices, 2,500 professionals and gaining footholds in high-growth markets such as:
-Eastern Europe (Romania, Ukraine and Russia);
-Middle East (Dubai and Bahrain); and
-India (Bangalore and Mumbai).

Atisreal is consolidating its positions in Western Europe, notably with the acquisition of Hill Woolhouse in Leeds (UK). This acquisition has strengthened Atisreal's position on the UK market of corporate real estate services. Hill Woolhouse is specialised in Advisory, Brokerage, Investment and Retail.

At the beginning of this year, Atisreal also branched out in Eastern Europe, to three new high-growth countries.
In Romania, Atisreal has just bought Cornerstone International, a key market player, established in Bucharest. Atisreal Romania has thereby become one of the Top 5 real-estate services players in the very high-growth market of Romania (+30%/year). Cornerstone International specialises in office, retail and warehouse Brokerage, Investment, Residential, Advisory, Valuation and Research. Atisreal Romania will be headed by the two founders of Cornerstone International: Ioana Momiceanu (Managing Director and Chairman of the Board) and Edit Vesser (Director).The company works with major international accounts and is accredited to make valuations under IFRS.

In the Ukraine, Atisreal has just opened an agency in Kiev, managed by Benoît Gendrot. He is to identify development opportunities for Atisreal in Ukraine. Here again, the market is extremely buoyant in the region, with an annual growth rate of about +7%, supported by high household consumption (+32%) and numerous projects in corporate real estate property development. Atisreal will also benefit from the presence of BNP Paribas, via UkrSibbank, which has 12,000 employees across the country.

In Russia, Atisreal has just signed a new Alliance contract with Astera. The company is based in Moscow and Saint-Petersburg, with 174 staff specialising in Brokerage (office, retail and logistic), Investment, Valuation, Research, real estate property development advisory, property management, auctions and space planning. Russia is an attractive market for Russian and international investors and with growth of +7.9% in 2007. Astera is managed by Geoffrey Cox (Chairman) and Alexei Filimonov (Vice-Chairman).

Making new inroads in the Middle East: Dubai and Bahrain
For the moment, Atisreal's strategy in the Middle East is to forge relationships with investors based in the Gulf region who want to invest in Europe. The aim of Atisreal Dubai and Atisreal Bahrain is also to offer local investors the full range of BNP Paribas Real Estate services, in Europe and in India.
Rupert Jones has been appointed Senior Vice-Chairman of Atisreal Dubai and Olivier Ghattas, Senior Vice-Chairman of Atisreal Bahrain.

India: Bangalore and Mumbai
Atisreal is setting up a joint venture with Redwoods for Brokerage on this very vibrant market : Atisreal Redwoods. Headed by Anuj Nautiyal and Raja Kaushal, the company is offering Brokerage and advice to investors, users and corporate real estate property developers (mainly offices and shopping centres).

Henri Faure, Chairman of Atisreal International, says “While continuing to strengthen our positions on traditional markets, we are gaining footholds in Eastern Europe, the Middle East and Asia. We can unlock synergies with the BNP Paribas group in all these regions, availing ourselves of their market knowledge and customers, to which the group can now offer our real estate services”.

About Atisreal
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 65 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 € 401 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:

About BNP Paribas Real Estate
Leading corporate real estate services company in continental Europe and major player in France's residential property market,
BNP Paribas Real Estate is active in four main areas:
- Brokerage, Advisory and Valuation (Atisreal and Espaces Immobiliers BNP Paribas in France),
- Investment Management (BNP Paribas REIM, BNP Paribas REIS in France and BNL Fondi Immobiliari in Italy),
- Property Management (BNP Paribas Real Estate Property Management, Gérer and Studélites in France) and
- Property Development (BNP Paribas Real Estate Property Development, Meunier in France).
BNP Paribas Real Estate, which employs 3 600 professionals, is now present in 13 countries (in Europe, in the Middle-East, in India, in the USA).
For more information :

Press contacts
Anne-Caroline Briand - Tel: +33 (0)1 55 65 22 11 - Mobile : +33 (0)6 31 47 63 85 - anne-caroline.briand [at] bnpparibas (dot) com
Amira Tahirovic-Halilovic - Tel: +33 (0)1 55 65 22 08 - Mobile : +33 (0)6 37 78 12 17 - amira.tahirovic-halilovic [at] bnpparibas (dot) com