Commenting on the 2013 performance, Philippe Zivkovic, Executive Chairman of BNP Paribas Real Estate, said:
“In 2013, BNP Paribas Real Estate achieved excellent results, performing better than in 2012. This was a record year for corporate real estate, including more than 300,000 sq. m of new office schemes started by the property development business, half of which were outside of France and most of which are pre-let. In advisory, there was strong growth in our German and UK businesses, with very strong resilience in France. The year also marked the continuation of our development plan, focusing on services and the international market. This resulted in the launch of our platforms in Dubai, Singapore and Hong Kong, two strategic acquisitions in Germany for property management and investment management and the recruitment of approximately 100 Transaction specialists in London and Germany.”
Turnover totaled €716 million in 2013, up by 8% compared with 2012 (versus €662 million in 2012), broken down as follows:
- 63% for property services (transaction, consulting, valuation, property management and investment management) and 37% for commercial and residential property development.
- 54% in France and 46% internationally (including 19% in the UK, 13% in Germany and 7% in Italy).
- 38% in entirely recurring income: consulting, valuation, property management and investment management.
- Business dominated by commercial real estate: 84% with 16% in residential.
Read the full Press Release