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The management team of BNP Paribas Real Estates (Jersey) Ltd has successfully 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 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.
The firm says it will provide a range of services 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," said Mr Dawes.
"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."
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