BNP Paribas Real Estate is expanding its international presence with the signing of a new strategic alliance in Switzerland.

The French broker said on Tuesday that it has agreed a new partnership with Kuoni Mueller & Partner Group, in the German-speaking part of Switzerland. The agreement covers Transaction and Advisory in commercial real estate.

It is the second joint venture of BNP Paribas Real Estate in the Swiss market, which it entered last year via a partnership with Naef & Cie.

Founded in 1989, Kuoni Mueller & Partner Group has about 30 employees, all based in Zurich. Last year, the Swiss company sold nearly EUR 245 mln of real estate and reported turnover of EUR 7.35 mln.