When they merged in 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 [in the form of managing SCPIs, France's regulated, non-traded property investment companies].
International expansion and the development of property services
- Develop property services (into Transaction, Consulting and Valuation)
- Acquire a European dimension in order to be able to meet requirements connected to the internationalisation of your 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:
- Direct offices:2005: Italy2006: Ireland2008: India, Gulf countries and Rumania2010: Poland, Czech Republic and Hungary
- And building a network of Alliances with some partner companies.
Since 2008, for the sake of rationalisation and simplification, these names have given way to the single BNP Paribas Real Estate brand.