The management team of BNP Paribas Real Estates (Jersey) has completed a management buyout of the business.
The company, which will rebrand as D2 Real Estate, will continue to be led by the current management team of Phil Dawes (pictured) 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 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 will remain an alliance member of BNP Paribas Real Estate, which has a presence in 36 countries and has more than 180 offices worldwide.