A trio of senior figures at BNP Paribas Real Estate have left
the business as part of a round of redundancies.
Hunt, Antony Thesiger and Will Moss all worked for Strutt & Parker
before BNP Paribas bought the agency last year.
Thesiger headed up Strutt & Parker’s West End investment
team while Hunt was his counterpart for the City. Moss founded the agency’s
central London retail team in 2012.
BNP Paribas made the acquisition last year in a bid to grow its
own service offerings in the rural and residential sectors. While those arms of
the business kept their Strutt & Parker identity following the deal, its
commercial property branch rebranded under the BNP Paribas Real Estate name.
An inside source told Property
Week that the changes had been made because the commercial
property arm had not performed as strongly as hoped, though the other parts of
the business were doing well.
Property Week believes around 20 redundancies have been made in total.
BNP Paribas Real Estate declined to comment.