BNP Paribas Real Estate has said 2010 was a 'great' year for the company, with growth of 79% in net profit to EUR 139 mln. Turnover was up 17% at EUR 618 mln, generatomg an operating profit of EUR 141 mln, or an increase of 51% on 2009.
BNP Paribas Real Estate has said 2010 was a 'great' year for the company, with growth of 79% in net profit to EUR 139 mln. Turnover was up 17% at EUR 618 mln, generatomg an operating profit of EUR 141 mln, or an increase of 51% on 2009.
'2010 was a good year thanks to the sense of our business model and the strengthening of our holds on the various European markets,' said Philippe Zivkovic, executive chairman of BNP Paribas Real Estate. The company has six business lines: Property Development, Transaction, Consulting, Valuation, Property Management and Investment Management.
France accounted for 63% of turnover in 2010, followed by the UK with 12%, Germany with 11% and Italy with 8%. Commercial proeprty activities accounted for 80% of turnover with residential accounting for the rest.
The largest business line was real estate services which accounted for 66% of turnover. Commercial Property Development and Residential accounted for 34%.
