Corfac News

Representatives of CORFAC International’s European affiliates met in Warsaw, Poland, November 12-13 to discuss further development of CORFAC’s European presence. Warsaw-based real estate consulting firm Commerson/CORFAC International hosted the two-day gathering.

The meeting was chaired by Stanley Finkelstein, SIOR, of Stanley Finkelstein Ltd./CORFAC International in Israel. Finkelstein has been strongly involved in the development and support of the organization’s European growth. With new member firms from Spain and France, CORFAC has initiated talks with firms in several Scandinavian markets. In total, 10 CORFAC firm members attended the Warsaw meeting, including Hans Ulrich Berendes, Germany; Nigel Wade, Poland; Alina Agabekova, Russia; Mirela Raicu and Alexandru Petrescu, Romania; Renee Betzelos, U.S.; Alistair Subba Row, Great Britain and Antonio Campagnoli, Italy.

“CORFAC’s European firms combine the forces of successful local real estate partners and provide them with the global support of the network,” Finkelstein said. “Our main goal is to create a global network for the exchange of knowledge, experience and business for our members for these entities to be able to compete effectively with international commercial real estate corporations.”

CORFAC’s global members are experienced local trade companies with solid knowledge of their markets and extensive major transaction experience. The CORFAC network avails them a global reach and gives them the opportunity to use the practical experience of international partners, to access knowledge as well as obtain support worldwide. This allows CORFAC members to successfully compete with large international real estate companies in their respective countries.

With its strong office market, Warsaw was a natural choice for the 2015 fall meeting. “The economies of our region are strong,” said Nigel Wade, CEO of Commerson.

“This also applies to the Polish market, even despite the current oversupply, particularly noticeable in Warsaw. Today the elevated vacancy rate in the office sector primarily means more competition, especially in commercial real estate services. With the support of the CORFAC network we are well prepared for the current situation.”