BNP Paribas Real Estate has announced a new board for its UK advisory unit following the acquisition in August of Strutt & Parker, one of the UK’s largest independent property consultants.
Under the deal, which has just completed, Strutt & Parker’s managing partner Andy Martin was confirmed as the boss of the merged firm's UK business.
BNP Paribas Real Estate's UK head John Slade left last month to join Evans Randall as executive chairman.
Etienne Prongue, who previously headed the international investment group of BNPPRE, has been appointed new deputy CEO while COO Mark England will remain as COO and also add the role of co-chairman of the regional executive.
Other appointments include:
Pascal Maury as the new managing director support functions & integration;
Damian Cronk – head of commercial transaction;
Simon Kibblewhite – head of residential development & planning;
Paul Abrey - head of property management & professional services
Stephen Wolfe – head of valuation
James Farrell – head of rural
Guy Robinson – head of residential agency
Will Gemmill – co-chairman of the regional executive
With 60 offices across the UK, Strutt & Parker was the second biggest player in the UK rural market and third in residential, which BNP Paribas said represented 'a new service offering for the UK subsidiary of BNP Paribas Real Estate'.
Strutt & Parker’s residential, rural, development and planning teams will continue to operate under the Strutt & Parker brand, while the commercial arm of the business will operate under the BNP Paribas Real Estate brand.
Thierry Laroue-Pont, CEO of BNP Paribas Real Estate, said: 'This merger is an opportunity to create a new major European adviser by bringing together the strengths and skills of two exceptional groups of people.'
