BNP Paribas Real Estate has reported a profit of EUR 138 mln, down by 27% on 2007's record profit of EUR 188 mln but slightly higher than 2006's figure of EUR 132 mln. The company said 'its model has resisted the difficult market conditions' thanks to its multi-expertise structure, its good balance between the professional services and development parts of the business and its quick reaction to worsening market conditions
BNP Paribas Real Estate has reported a profit of EUR 138 mln, down by 27% on 2007's record profit of EUR 188 mln but slightly higher than 2006's figure of EUR 132 mln. The company said 'its model has resisted the difficult market conditions' thanks to its multi-expertise structure, its good balance between the professional services and development parts of the business and its quick reaction to worsening market conditions
In addition to acquisitions in Romania, Jersey and India, last year the company opened offices in Dubai and Bahrain, and signed new alliances in six new countries: Holland, Poland, Russia, Ukraine, Greece and Cyprus.
Today, BNP Paribas Real Estate is present in 25 countries and, taking into account the alliances, has a presence in 125 offices across the world.
Mark England, CEO of Atisreal UK, said: 'These are good figures given market conditions and, without any debt, we are in a very strong position to gain market share. In the UK in particular, our early reaction to economic conditions and the good balance between our consulting and transactional business has meant that we have been able to continue our focus on delivering to our clients.'
