Back
European Debt Crisis
Europe’s sovereign debt crises are changing daily, yet are making little...Today's investors in Ukranian real estate, who are they?
Sergey But, Managing Partner of NAI Pickard, about foreign estate investors and...How to choose a valuation company?
The client for valuation services in Ukraine has a lot to choose from – Th...Built for retail
During the period of economic “renaissance” (that is how the pre-cri...Façade buildings: rental business is suffering from the greedy
Advertisements “For rent”, which are hanging in the shop windows of...Consolidation in the real estate market
2011 became fruitful for news about consolidations of companies in the sphere of real estate. A number of largest world players either already have closed the transactions of acquisition of profile companies or are in process. These steps will allow diversified companies to strengthen their positions on the market, increase their geography, and broaden the range of their services.
The last trend of the world real estate market is the consolidation of global players. NAI Global, the network we belong to, also joined this process.
NAI Global, the premier real estate network of independent commercial real estate agencies, and the leading real estate company C-III Capital Partners LLC (C-III), jointly announced about the acquisition of the corporate rights of NAI Global by C-III Capital Partners LLC. C-III is a leading commercial real estate company, engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. A property asset portfolio of C-III is $150 billion. C-III is engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management and principal investment. NAI is already one of the leading commercial real estate agency groups in the world with 5000 professionals operating from more than 350 offices on all continents & a transaction annually of $45 billion. The transaction is expected to close in the third quarter of 2011. NAI Global will continue to operate as a separate company under its current management following the acquisition.
Last month it was announced that John Lange La Sale are taking over King Sturge. They don’t operate in Ukraine, that is why this news were almost unnoticed here, but it is a major player in most European markets. The acquisition should broaden and deepen JLLS operations in Europe according to the PR blurb issued last week but I do not think it will affect Ukraine much.
Grubb and Ellis a major real estate agency group in the USA are looking for a buy out. Would have to be a bargain buy because all the big groups are already in the states: C&W, JLL, CBRE, NAI and G&E are almost nowhere else.
The exciting news for Ukraine can be the acquisition of DTZ by French financial group BNP Paribas. The official news can appear already in July. According to the negotiations of this topic in Western sources, particularly in www.propertyweek.com, BNP Paribas was attracted to DTZ due to their strong presence in China. Now that would be exciting news in Ukraine as DTZ are one of the leading real estate companies here.
Text: Terry Pickard
Source: Property Times