BNP Paribas Real Estate generates € 968m revenues* in 2018
Breakdown of revenues:
- 52% in France and 48% outside France (of which 17% in the UK, 21% in Germany and 3% in Italy)
- 77% in Real Estate Services (Transaction, Consulting, Valuation, Property Management and Investment Management) and 23% in Commercial and Residential real estate development;
- 37% from recurrent revenues: Consulting, Valuation, Property Management, Investment Management and Serviced Accommodation.
Key figures 2018:
Investment Management: over € 1.6bn of new cash collected in funds and c. € 29bn assets under management in Europe.
Property Management: revenues of € 103.6m and a managed portfolio of 42.9 million m².
Advisory (Transaction, Consulting, Valuation): revenue of € 517.7m (+25% vs. 2017).
Commercial real estate development: as of December 31, 2018, 187,000 m² of offices were under construction in France. In total, there are over half a million m² at an advanced stage in office development, including a scheme in Lisbon and another in Frankfurt.
Residential Real Estate: a sales volume of € 756m and construction begun on over 3,000 homes.
“Whereas 2017 was already the most successful year in terms of revenues which totalled €811m, the growth of 19% in 2018 yet again surpassed this result. This exceptional vintage was further enhanced by the almost perfect balance between our revenues in France and the 14 other countries where we are established, in line with our international expansion strategy which is also manifested in human terms as 63% of the workforce is now based outside France. Moreover, the acquisition a year and a half ago of Strutt & Parker enabled us to reinforce our position in the UK (5th place in the market) with a very successful integration and diversified expertise. This performance underpins our ambition to break through the billion euro mark by 2021 and confirms our leadership position for real estate services in Europe”, comments Thierry Laroue-Pont, Chairman & Chief Executive Officer of BNP Paribas Real Estate.