Appraisal & Valuation SRL has announced an exclusive partnership with NAI Global, the largest network of independent commercial real estate firms worldwide, to service corporate and investment clients in Romania. The firm will now operate as NAI Romania. NAI Romania is a leading firm in the country offering a broad range of consultancy services to small to medium private companies, large corporations and their advisers as well as public sector institutions.
Andrei Botis, founding partner of the firm, said: “Appraisal & Valuation makes a major step forward joining NAI Global. As part of the NAI Global network, our clients will benefit from the expertise of advisors across the world, ensuring continuity and the highest quality advice wherever they operate.”Our in-depth knowledge of the local market across commercial, industrial and residential sectors means clients can entrust us to provide sound, professional advice that drives the best value for their assets.
Jeffrey M. Finn, President and CEO of NAI Global, said: “It is our ambition to continue to expand into countries where we can grow and add value to clients and Romania, with a population of 21.9 million and a GDP of $161 billion, is one such market. NAI Global, following its recent acquisition by C-III Capital Partners, is unique, operating at a strategic, advisory and delivery level, and offering more services than traditional property consultants. Clients based in or with an interest in Romania will now benefit from this holistic approach to real estate advice.”
NAI Romania has recently won significant instructions including Art Business Center 6, a 33,000 sq m office development to be delivered Q2 2012, and the Expozitiei Blvd. development site, next to the International Expo Center in Bucharest, which has the potential for an office development of 65.000 sq m.
NAI Global (www.naiglobal.com) is the largest network of independent commercial real estate firms worldwide, comprised of over 5,000 professionals in 55 countries in more than 350 offices. NAI advisors work in tandem with our global management team to ensure our clients strategically optimise their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.
C-III Capital Partners is a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, title services and multifamily property management. C-III is led by CEO Andrew L. Farkas, who founded and was Chairman and CEO of Insignia Financial Group, Inc. (NYSE:IFS).