Atisreal - General - UK, Atisreal Acquires 100% of Fuller Peiser

Date: 16 Oct 2006

Atisreal, a subsidiary of BNP Paribas Real Estate, continues its international expansion by acquiring 100% of Fuller Peiser, a leading UK commercial real estate services partnership. The combined company will operate under the Atisreal brand and aims to become a top-five player in the UK.

Fuller Peiser, established in 1883, employs 220 staff in six offices across the UK. With an annual gross turnover of £19.1 million (€28.3 million) in 2005. Fuller Peiser is a leading provider of property services, particularly in the industrial and logistics sector, with focused teams in retail & leisure, offices and specialist sectors.

The combined company, to be branded Atisreal UK from November, will have 880 staff located in 11 cities throughout the UK; London, Birmingham, Bristol, Cardiff, Edinburgh, Glasgow, Leeds, Manchester, Newcastle, Sheffield and Southampton. With an estimated annual gross turnover for 2006 of £83.2 million (€122.8 million), the company will be lead by a combined management team from both companies; Greg Cooke, Chairman, and Mark England, Chief Executive with Martin Coles, the current Managing Partner of Fuller Peiser, as a Board Director.

Philippe Zivkovic, Chairman of Atisreal and of its parent company BNP Paribas Real Estate, commented: "The UK is Europe's most important commercial real estate market and is strategic for our business. The acquisition of Fuller Peiser today underlines our commitment to grow our UK business that as a result becomes Atisreal's largest business ahead of France and Germany where we are already the market leader."

Mark England, Chief Executive of Atisreal UK commented: "This acquisition will increase the size of our UK operation and give us more firepower in the market. There are many synergies between our two businesses that support Atisreal's strategy of growing our investment, agency and regional capabilities. Fuller Peiser's expertise in the industrial and logistics sectors will also improve our offer both here in the UK as well as across Europe. It is a wonderful platform from which to continue growing our business in order to be recognised as a top 5 player."

Martin Coles, Managing Partner of Fuller Peiser, who will sit on the newly constituted Atisreal UK Board, added:" Our two businesses are highly complementary, with shared values, objectives and service standards. Together we will be able to offer our clients a wider range of services and professional expertise from a strengthened regional network. Atisreal's European and international strength will provide new opportunities for both our clients and our staff."

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