CORFAC News

Falls Church, VA (March 21, 2012) – Executive Director Susan S. Newman of CORFAC International (Corporate Facility Advisors) today announced the addition of new global commercial real estate affiliates in China, India and Greece. CORFAC International’s Board of Directors approved the three international affiliation applications at its recent bi-annual conference in San Antonio, TX.

Cresval Corporate Advisory Group (Shanghai), Narains Corporation (Mumbai) and Ktimatiki Real Estate (Athens) are CORFAC’s newest international affiliates. In addition to referring business between CORFAC firms, members share best practices for business operations, marketing support and other resources that are essential to compete in today’s marketplace for commercial real estate services.

Berendes & Partner Consulting GmbH (Hamburg) and IL PUNTO Real Estate Advisor (Milan) joined CORFAC International in December 2011.

CORFAC International (Corporate Facility Advisors) is one of the largest commercial real estate services organizations in the world and comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and commercial real estate corporate services.

About Cresval Corporate Advisory Group
Shanghai, China - In April 2008, the former Appraisal & Corporate Advisory Practice Unit of CresaPartners in China became independent and established a wholly foreign owned legal entity in China known as Cresval Corporate Advisory Group (“Cresval”). Through its alliances in Asia, Cresval offers a comprehensive range of real estate related services to clients in the Asia Pacific region to cover Hong Kong, Singapore, Taiwan, Japan, Malaysia, Thailand, India and Indonesia. Cresval senior management are professionally qualified brokers, valuation and building surveyors and have wide experiences and resources in providing real estate and project construction consulting advice in China, Hong Kong and the Asia Pacific region to major international corporations and investors. The firm is principally involved with office, industrial, retail, land and commercial properties. Simon Liu (pronounced ‘New’) is the Managing Principal and Ricky Chan is Executive Director. Prior to starting Cresval, Liu worked in Asia as a representative of CresaPartners, GVA Worldwide and Insignia.
 
About Narains Corporation
Mumbai, India - Narains Corp was established in 1971 by Group Chairman Devendra Narain. From inception, Narains has focused its work on Class A office and retail properties throughout the city. The City of Mumbai, with over 20 million people, has over 66 million square feet of office inventory. The second generation of the firm is managed by CEO & President Chetan Narain andManaging Director Sanjeet Narain, who restructured the firm by leveraging technology and enhancing the level of high standards in both work ethics and best practices.  The firm has closed transactions in the U.S., U.K. and Canada and has done business with CORFAC International members Steven Podolsky (Podolsky Northstar CORFAC International, Chicago, IL) and G. Raymond Lyons (Thomas L. Johnson Realty/CORFAC International, Toronto, Canada). Narains Corp. is professionally associated with SIOR, RICS, NAR, ICREA and India Institute of Real Estate.
 
About Ktimatiki Real Estate
Athens, Greece - Ktimatiki Real Estate is based in Athens and focuses its services on Greek real estate comprised of commercial, retail, industrial and hospitality transactions in addition to investment advisory and high-end residential sales. Since 1982, Ktimatiki has achieved substantial knowledge of local market conditions with a history of consistent growth in both clientele and transactions. The firm has ridden the “boom & bust” cycles of the market by adjusting its services and company scope from commercial, residential, retail and advisory to achieve client goals. Ktimatiki provides Tenant/Owner representation, Corporate Real Estate Advisory Services, Valuations and Facility Management. Kiriakos Kalimnios is CEO andMeletis (‘Mike’) Vassiliou is COO and Manager of the firm. Professional associations include FIABCI Hellas – The International Real Estate Federation (Vassiliou is the President of FIABCI Greece), Royal Institute of Chartered Surveyors (RICS) and National Association of Real Estate Appraisers.
 
About Berendes & Partner Consulting GmbH
Hamburg, Germany - Berendes & Partner was founded in 1995 in Hamburg as an independent owner-operated commercial real estate advisory company. Initially with a focus on the restructuring of surplus property stock for former state owned entities such as Deutsche Post, Berendes quickly developed into a group with six offices in all major commercial real estate markets in Germany and one in Poland serving corporate and institutional real estate requirements with brokerage and investment transactions, advisory, development and corporate finance services, and asset management. The group provides for both national and international clients services through all stages of the real estate lifecycle. Berendes is active in office, industrial and retail sectors of real estate. The group is led by Hans Ulrich “Ulli” Berendes, MRICS, CRE, SIOR Founder and CEO.

About IL PUNTO Real Estate Advisor
Milan, Italy - IL PUNTO was incorporated in 1981 to serve the brokerage needs of a real estate development group in Italy, Switzerland and the USA. In 2007, IL PUNTO Real Estate Advisor was formed to provide integrated real estate services using highly qualified professionals – architects, accountants, lawyers, brokers, engineers. The firm primarily covers Northwest Italy, particularly the cities of Milan, Turin and Genoa, with brokerage services in the sectors of office, industrial, retail, investment and land sales. In addition, IL PUNTO serves Northeast Italy with a partnership in Venice and also provides valuation services throughout Italy. The company is managed by Partner Antonio Campagnoli, SIOR.

About CORFAC International
CORFAC International (Corporate Facility Advisors) is one of the largest commercial real estate services organizations in the world. Founded in 1989, U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in North America, with coverage in South America provided by Panama-based Latin American Corporate Property Services. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 1 billion square feet and valued at more than $16 billion. For more information on CORFAC, contact 954-923-6160, info@corfac.com or visit www.corfac.com.