Atisreal, the property services arm of BNP Paribas, said on Thursday that it has expanded its European business through the acquisition of Barnes Daniels and Partners, a leading services firm based in Jersey.
Atisreal, the property services arm of BNP Paribas, said on Thursday that it has expanded its European business through the acquisition of Barnes Daniels and Partners, a leading services firm based in Jersey.
In a statement, Atisreal, which is active in 15 European countries, said the move will allow it to boost its presence in the UK market as well as create a new subsidiary: Atisreal Jersey. In the recent weeks, Atisreal also entered Greece and Cyprus.
Barnes Daniels and Partners was founded in 1998 by partners Richard Barnes and Chris Daniels. Based in St Helier, the company specialises in investment, valuation and property management, with an annual growth rate of over 25%. It has a substantial market presence in the Channel Islands.
Henri Faure, chairman of Atisreal, said: '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 active since 1979 and covers Jersey, Guernsey and the Isle of Man with a team of over 300.'
