Acquisition of property services firm Strutt & Parker will triple revenue and staff in Britain of banking group’s real estate arm
The real estate arm of the banking giant BNP Paribas is to acquire a UK property services group in a deal that will triple its revenue and the number of staff it has in the country covering the business.
The deal to merge the UK subsidiary of BNP Paribas Real Estate with Strutt & Parker, founded in London in 1885, will be completed in September. It comes even after global banks have said they could move thousands of jobs out of Britain to prepare for Brexit.
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