New player on the RE market

The Partners of Balmain Asset Management and Sharman Church Chartered Surveyors have signed an agreement to merge the advisory businesses of Balmain and Sharman Church. The firm will provide clients with a complete set of service lines across all commercial property sectors including offices, retail, investment, industrial and property management. Balmain Asset Management will continue to trade as a completely separate entity continuing its focus on asset and investment management.

BSC Real Estate Advisors will be a fully independent commercial real estate advisory firm covering the Polish & CEE markets. It will be run and owned by its partners whose careers each span two decades of working with major local and international organisations throughout the region and internationally. The executive board of BSC Real Estate Advisors will comprise: Jason Sharman who is appointed as managing partner and will run investment and business space; Paul Cawood will lead the retail leasing team and Tim Rylance will oversee property management, management accounts and project and technical services.

The firm will employ around 79 personnel with the Warsaw based staff looking to fully integrate into one office location by early April 2017.

“In an increasingly global, complex and volatile market, this merger will bring resilience and scale, with a greater breadth and depth of service offerings. The businesses will clearly be better together with a highly complementary and mutually beneficial strategic and cultural fit. It allows us to retain, grow and develop the full capabilities of both businesses and creates a new organisation with a strong market position delivering high calibre advice,” said Jason Sharman, managing partner.

“We saw a great opportunity to create a significant business concentrating on providing solid and detailed advice across all sectors. From the outset of our discussions I have been overwhelmed by the positive feedback and support from our staff and clients regarding this merger. In terms of the quality of leadership, the experience of our key personnel, the combined turnover of the businesses and number of staff we hire, BSC Real Estate Advisors are surely now the No 1 privately owned and independent commercial real estate advisory firm in Poland,” said James Turner, non-executive chair.