Atisreal is to change its name to BNP Paribas Real Estate later this year.

The move is thought to be part of a global strategy to ensure all its companies in different countries come under the same umbrella.

Greg Cooke, chairman of Atisreal UK, said: ‘This is a positive step for us. Rebranding as BNP Paribas Real Estate gives us a platform to expand and realise our ambitions of becoming a top five UK and global property adviser in a market where further consolidation of the big players is inevitable.’

BNP Paribas Real Estate is the fourth largest property adviser in Europe and eighth globally.

It has offices in UK, France, Germany, Spain, Italy, Ireland, Jersey, Middle East, India, Romania, US, Belgium and Luxembourg and alliances in 25 countries across Europe and in the US.