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BNP Paribas Real Estate expands further its geographical coverage in Balkan countries

BNP Paribas Real Estate has announced three new alliances in Albania, Bulgaria and Serbia with Danos & Associates, whom BNP Paribas Real Estate has been partnered with in Greece and Cyprus since May, 2008.

The first services to be offered are transaction and valuation in commercial real estate (over 90%) and residential, (10%).

Henri Faure, Deputy Managing Director of BNP Paribas Real Estate, comments: “Our international development strategy relies on our will to better answer our clients' expectations. We are keen to seize new business opportunities in emerging markets such as Albania, Bulgaria and Serbia. Due to our very productive partnership with Danos & Associates, who is a major local real estate player, we are very confident in the high level quality services we will bring to our clients within these three new Alliances”.

All local teams in Albania, Bulgaria and Serbia respond to BNP Paribas Real Estate's requirements in terms of local know-how and expertise. Furthermore, Danos & Associates is a pioneer company in the development of RICS* standards, thus ensuring their respect of rigorous and internationally recognized standards, and a pledge of a high level of professionalism to clients' advantage.

Panos Danos, Managing Director of Danos & Associates, says: “We have been actively present in Albania ,Bulgaria and Serbia for a long time period, running business for both our Greek and Cypriot clients. With the support of these alliances, our aim is to become the leader in the Balkan real estate market, enlarging our service offering both to BNP Paribas Real Estate's French and international clients and to local companies' clients”.

These new Alliances enable BNP Paribas Real Estate to enlarge its international presence in 29 countries (14 subsidiaries and 15 Alliances) and to integrate its European coverage.

*Royal Institution of Chartered Surveyors.

About BNP Paribas Real Estate
BNP Paribas Real Estate is a leading international real estate provider and the market leader in Europe. It offers clients a comprehensive range of services that span the entire real estate lifecycle: property development, transaction, consulting, valuation, property management and investment management.
BNP Paribas Real Estate has local expertise on a global scale through its presence in 29 countries (14 wholly-owned and 15 alliances) across Europe, India, Middle East and United States with 3,500 employees and 129 offices. It is an independent subsidiary of BNP Paribas, one of the world's six 'safest' bank in 2009 according to Standard & Poor's and 'Global Bank of the Year 2008' by The Banker Magazine.
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