When they merged in the year 2000, BNP and Paribas each had some property subsidiaries, including some held for over 30 years.
Most of these companies were very quickly structured into a single property department, which became BNP Paribas Immobilier in 2001 and then BNP Paribas Real Estate in 2009.
Business was at the time focused on France and on three main business lines, i.e. Property Development, Property Management and Investment Management [SCPIs, regulated commercial or residential rental property investment companies].
FOCUS ON LUXEMBOURG
Thanks to its long-standing knowledge of the banking sector and experience of the local real estate market in Luxembourg, BNP Paribas Real Estate Luxembourg has developed an extensive network of high-quality relations.
This approach, built on a relationship of trust with our clients, represents our basic philosophy, which is applied in all our business dealings.
BNP Paribas Real Estate Luxembourg has a well-established position on the Luxembourg real estate market and offers a full range of services and expertise through six complementary business lines (Transaction, Valuation, Consulting, Property Management and Investment Management) which enable it to cover the entire real estate life cycle, together with tailor-made investment solutions.
International expansion and the development of property services
The acquisition of Atisreal in 2004 made it possible to:
- Develop property services (into Transactions, Consulting and Valuation)
- Acquire a European dimension in order to be able to meet requirements connected to the internationalisation of clients' property strategies.
At the time, Atisreal was present in six countries:
- The United Kingdom since 1860 (formerly Weatherall, Green and Smith)
- France since 1922 (formerly Auguste Thouard)
- Germany since 1958 (formerly Müller)
- Spain, Belgium and Luxembourg since 1996.
Since then, BNP Paribas Real Estate has become established in new countries via:
Directly owned offices or locations:
- 2005: Italy
- 2006: Ireland
- 2008: Gulf countries and Romania
- 2010: Poland, Czech Republic and Hungary
- 2013: Netherlands, Hong-Kong, Singapor
And building a network of Alliances with partner companies.
At this time, BNP Paribas Real Estate is consequently in a position to offer you support in 38 countries.
The switch to a single brand - BNP Paribas Real Estate
Given their varying origins, BNP Paribas Real Estate companies were previously presented to clients under various trading names, such as Atisreal, Meunier, Comadim, Antin Vendôme, and so on.
Since 2009, for the sake of rationalisation and simplification, these names have given way to the single BNP Paribas Real Estate brand.