The management team of BNP Paribas Real Estates (Jersey) Ltd has successfully completed a management buyout of the business.
The company, which has rebranded as D2 Real Estate, will continue to be led by the current management team of Phil Dawes and Chris Daniels, who will be supported by a consortium of private investors. BNP’s eight staff have also transferred across to the new company.
From its base in Anley Street, D2 Real Estate will provide services through the whole spectrum of the commercial property lifecycle including property development, freehold and leasehold disposals and acquisitions, commercial property management, valuations and landlord and tenant consultancy.
“D2 has a clear vision to continue to provide the highest levels of client care and service, and deliver more value by further investment in both our staff and systems. The MBO represents a tremendous opportunity for us. We have great confidence in the business and in the team, and are well positioned for future growth in Jersey and other jurisdictions.”
Phil Dawes, Managing Director
D2 will remain alliance members of BNP Paribas Real Estate, which is one of the leading global real estate advisors with a presence in 36 countries and more than 180 offices worldwide.