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Strut and Parker are expected to be sold after it was recently revealed that major French bank BNP Paribas had started looking for a buyer for the chain, which employs more than 500 people.
According to Sky News, major French banks want to exit the real estate brokerage chain amid a surge in corporate activity in the sector.
Strutt & Parker was acquired by BNP Paribas in 2017, and its commercial arm was integrated into the French lender’s real estate arm.
The estate agency business continues to operate under its own brand with over 50 branch operations across the UK.
We specialize in luxury homes in the housing market.
It was revealed earlier this week that Lomond Group, formed from the 2021 merger of Lomond Capital and Linley & Simpson, is preparing to be sold by owner LDC.
Investors have also taken an interest in Foxtons following recent revelations that the London-listed property company may be up for sale.
The Foxtons recently added Rothschild bankers as financial advisers in anticipation of a bid.
A spokesperson for Banque de France told EYE that BNP Paribas Real Estate does not comment on market rumors.
Fast-growing real estate brokerage firm Lomond Group to sell
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