BNP Paribas Real Estate is stepping up the pace of its international expansion drive with a new alliance signed in six Scandinavian and Baltic countries (Norway, Sweden, Finland, Lithuania, Latvia and Estonia) with Newsec.
The alliance agreement signed by BNP Paribas Real Estate and Newsec covers the Transaction, Advisory & Valuation and Property Management business lines for corporate real estate.
Newsec, whose headquarter is in Stockholm (Sweden), is a full service property house in Northern Europe founded in 1994 and employs more than 500 people in the six countries. It has had a net income of nearly 70 M€ in 2011.
“Today, we are very happy to announce our new alliance with Newsec covering six countries in Northern Europe, each of which has good potential for development. It follows our announcements in January, of a new alliance in Turkey, and in February, of a new alliance to strengthen our offer in the United States. These alliances clearly demonstrate BNP Paribas Real Estate’s commitment to international development. The synergies between BNP Paribas Real Estate and Newsec will support the provision of better service to our clients,” explains Bernard Blanco, Head of International at BNP Paribas Real Estate.
“BNP Paribas’ strong brand, broad range of services and global network gives us an international platform that creates value for our clients regardless of geography. The cooperation will further strengthen our market position in Northern Europe and create opportunities for shared growth,” says Max Barclay, Head of International Business at Newsec.
Signing this new alliance agreement demonstrates BNP Paribas Real Estate’s ambition to continue its international expansion, in order to support its clients in their real estate strategies. In addition to its 3,400 employees spread across 15 countries, BNP Paribas Real Estate’s alliance network, which now represents nearly 3,000 employees, across 21 additional countries, enables the company to support and service clients in a total of 36 countries with 6,400 people.