Located in Mumbai, India, NAI Sure Shot Suggestions is a full-service commercial real estate firm formed in 1992 by Sanjay Puri. The firm is a leading provider of real estate services to many local Indian corporations and investors and is renowned for its work on behalf of many multi-national corporations including Amway, Barclays, Citibank, Orange, Schlumberger, Sony and Standard Chartered.

“Through our partnership with NAI Global, we are now able to provide real estate services to our clients beyond Mumbai with the high standards of service we have established in the Greater Mumbai market.” stated Sanjay Puri, NAI Sure Shot Suggestions’ Managing Director. “Through our new partnership with NAI Global, we will have access to new resources and technology to better serve both our local and international clients.”

“As India’s economy continues to expand, it is playing an increasingly important role in global trade. It’s vital for NAI to have a strong presence in India’s capital,” said NAI Global President & CEO Jeffrey M. Finn. “With the addition of NAI Sure Shot Suggestions, NAI now has a well-established partner to provide local knowledge, relationships and skills to our corporate and investor clients with interests in Mumbai and throughout India.”

NAI Sure Shot Suggestions ( India ) Pvt. Ltd. is located at 2A, Gomes Society, Gr. Flr., TPS-III, 4th Road, Santacruz (East) Mumbai 400 055, India.

NAI Global’s 2011 Global Property Prices & Trends report provides key demographic highlights along with current rental rates and investment yields for 140 global markets.  The report provides prime net rental rates, investment yields and rental rate comparisons by property type for Office, Retail and Industrial properties. 

The 2011 NAI Global International Property Guide provides insight into key local business customs and practices for 60 countries around the world.  The International Property Guide details acquisition and tenant costs, tariffs and landlord and tenant responsibilities by region and country. The publication is especially useful for corporate executives and investors that have an occasional need in an unfamiliar country as well as those negotiating simultaneous deals across multiple international markets.

 Both reports are available for free download on http://naiglobal.com/GlobalPubs/Default.aspx.  Headquartered in Princeton, New Jersey, NAI Global manages a network of 350 offices and 5,000 professionals in 55 countries across the globe.

The ministry has issued a draft CRZ notification that, in the city’s coastal area housing will get exemption if supported by public finance. The rules for the country’s 7500 kilometers-long coastline divides the shoreline into four zones and in the CRZ II areas in the city, slum rehabilitation schemes and redevelopment of dilapidated building will be allowed. Such redevelopment can be undertaken directly or through joint ventures. However all open spaces in Mumbai which fall in CRZ II areas will be No-Development zones.

-Prashant Salvi

Based in Mumbai, Prashant Salvi is NAI Global’s Regional Director for India.

NAI Global announced today that Kirkwood Capital Advisors K.K. (“KCA”) along with the Principals of LGI Polaris Securities have acquired a significant stake in NAI Japan from Taiwan and that KCA will become the operating partner in the revamped platform.

Based in Tokyo and serving the greater Japanese market, NAI Japan specializes in commercial brokerage sales and leasing, asset origination and structured debt and equity transaction origination and advisory services. This addition to the partnership brings to NAI Japan expertise that has, over the past five years, closed more than 20 transactions totaling in excess of ¥300 billion ($3.4 billion) with a particular focus on debt arrangement and buy-side advisory.

“The addition of the NAI Japan team greatly enhances NAI Global’s ability to work with clients across all of Asia, and brings the extended services of the NAI Global network to clients in, and with an interest in, Japan,” said Jeffrey M. Finn, NAI Global President & CEO.  “Their deep local knowledge and relationships and strong market position greatly enhance our coverage in this important international market.”

“The key to our success is our team’s relationships within the Japanese real estate sector with a particular focus on fund investors and local players who we can work with to identify off-market debt and equity opportunities,” said Timothy Kirkwood, CEO of NAI Japan. “We provide our clients with an intimate knowledge of the Japanese real estate market, enabling them to make informed, intelligent decisions.”

NAI Japan is located at 4-1-8 Toranomon, Minato-ku in Tokyo, Japan. Headquartered in Princeton, New Jersey, NAI Global manages a network of 325 offices and 5,000 professionals in 55 countries across the globe.

In New Zealand we are now operating in nine cities and regional centers and a further 25 locations across the country. I am delighted to say that the launch of this business has attracted significant positive comment in the media and in the market in general. Including very positively several approaches from established businesses interested to learn more about us and whether there are opportunities to join us. Following the launch presentations which took place in Auckland, Hamilton, Wellington and Christchurch we held a commercial leadership group meeting at which we discussed our future plans and thanked the group of business leaders who successfully guided us to the launch in NZ. Thanks go to Rob McCormack, Howard Buchanan, Rosa Carter-Holt, Rex Hadley, Tim Turner, Martin Cooper, Andrew North, and Matt Ryan. I am also delighted to announce in the period since the launch the addition to the group of the former RAY White Parnell office in Auckland and wish James Lee and his team every success with NAI Harcourts.

In Adelaide on the 2^nd of August we launched NAI Harcourts at a cocktail function attended by Steve Atherton of NAI Global and David Whitbread, Chairman of HIL and NAI Harcourts. The function, organised by Terry Goodwin’s team and supported by the Directors of Brock’s in Adelaide as well as the Brock Harcourts leadership team including Greg Moulton, ensured a very positive evening and launch for the business in Adelaide. Terry Goodwin was able to announce on the evening that Langford’s Hotel group would be joining the NAI Harcourts team as part of the plans to expand the business in SA.

I look forward to announcing further openings as we will be going live in Melbourne and Perth very soon.

As a measure of our progress it is telling that I visited Zhengzhou in central China with our foundation franchise partners from Adelaide, Gold Coast, Melbourne and Perth last month as part of an Asia Pacific Business Chamber Delegation to China, to promote investment between the two nations.

In addition to attending the trade and investment fair, we were granted a special opportunity to address 300 civic and business leaders from the Henan Province, (population 100 million) to specifically introduce Australian property investment opportunities.

I would like to acknowledge the efforts of Ross Mercorillo from NAI Harcourts Melbourne who engineered the opportunity for us to be there and I look forward to reporting on our progress in future articles.

-Chris Nicholl

Chris Nicholl is Chief Executive Officer of NAI Harcourts, a joint venture between NAI Global and Harcourts Group to expand commercial real estate services in Australia and New Zealand.

According to Pricewaterhouse Coopers, India received the largest number of foreign investments in aerospace research and development in 2000-08. Also, India received the highest number of investments in aerospace manufacturing after China.

There are high level of discussions in the Government to promote Aerospace SEZs to fuel the growing market for military and passenger aircrafts, need for repair and maintenance units and consequently local development of aircraft.

Apart from the tax incentives and generation of local jobs by means of these large SEZs, the government is studying the requisite large capital commitments and long-term commitments that may be required by the companies in the aerospace business.

-Prashant Salvi

Based in Mumbai, Prashant Salvi is NAI Global’s Regional Director for India.

According to Pricewaterhouse Coopers, India received the largest number of foreign investments in aerospace research and development in 2000-08. Also, India received the highest number of investments in aerospace manufacturing after China.

There are high level of discussions in the Government to promote Aerospace SEZs to fuel the growing market for military and passenger aircrafts, need for repair and maintenance units and consequently local development of aircraft.

Apart from the tax incentives and generation of local jobs by means of these large SEZs, the government is studying the requisite large capital commitments and long-term commitments that may be required by the companies in the aerospace business.

The new entity, NAI Harcourts Brock Commercial will launch this week as the first office of a planned national network to be rolled out during the remainder of 2010, with offices expected to open in Western Australia, Victoria, and Queensland over the next few months. Negotiations are also under way with potential partners in New South Wales, Tasmania, ACT and the Northern Territory.

NAI Harcourts was launched in New Zealand in July and will be the exclusive Australia/New Zealand member of the NAI Global network. NAI Global is the world’s premier managed network of commercial real estate firms and one of the largest real estate services providers worldwide. The NAI Global network comprises more than 5,000 professionals in 325 offices in 55 countries and is responsible for over $45 billion in transactions in a typical year. NAI affiliates also manage over 250 million square feet of commercial properties worldwide. Harcourts is Australasia’s fastest growing real estate organization, and currently has more than 600 offices internationally.

Brock Commercial Director Terry Goodwin said Brock Real Estate was a significant equity partner in the Australia New Zealand network, bringing its experience in commercial property of more than 30 years to the group.

“This is a unique opportunity for us to take our expertise and experience in the commercial property sector in South Australia across the country and into New Zealand,” Goodwin said. “The link with Harcourts and NAI also provides our vendors with links to a massive global resource of professionals and potential purchasers and we believe this will have significant benefits in terms of the results we will be able to achieve on their behalf.”

Goodwin said Brock Real Estate’s residential link with Harcourts International, established in 2004, had been extremely successful with more than 40 offices now operating across South Australia and the Northern Territory.

“That model has worked extremely well and we are now using the same approach to roll out our commercial property expertise throughout the Harcourts network, with the backing of NAI Global,” he added.

The NAI Harcourts operations are led by Christopher Nicholl, Chief Executive Officer. Nicholl has more than 20 years of experience in the commercial property sector, including senior international roles with Jones Lang LaSalle and Colliers.

Nicholl said the launch of the company in New Zealand and the roll-out of its Australian operations through Brock Commercial were the first steps in a five-year plan to establish NAI Harcourts in the top tier of the Australian commercial property sector.

“With the support of NAI Global we will significantly expand the existing commercial property businesses of Harcourts and Brock Commercial over the next few years,” Nicholl said. “Following the roll-out of the new brand, key systems and procedures, we’ll be building teams of commercial specialists in key metropolitan and regional centers and introducing industry-leading tools and training that will allow us to grow and operate at the highest level.”

“Alongside this we plan to increase the range of services we offer sellers, buyers and tenants active in this important sector of the property market,” he added. “There is clearly an appetite for another major player in this space and from the enquiries we’ve had from clients, potential clients and people interested in joining the team, we know the value of the intellectual property, brand recognition and international market access this new joint venture provides is extremely significant.”

While consumer confidence and spending came to a crashing halt in 2007, so too did the rate of retail store expansion in the U.S. Middle Market America retreated from the retail marketplace, spending far few dollars. With the market slow to rebound, retailers that were once reluctant to expand outside of the U.S. are now exploring uncharted markets in search of revenue generating channels to bolster a stagnant/declining U.S. network of stores and customers.

Many retailers chose the natural expansion route south into Mexico, a lucrative market void of an established retail base, or into Canada, a mature much smaller market than Mexico but a market with a significantly higher share of wallet.

International retail expansion is here to stay.  Retailers who dipped their toes into the Mexico/Canada markets are now aggressively jumping with both feet into Asia to tap into the rapidly growing markets of China and India, while others are taking the Middle East route (Dubai) as a stepping stone of expansion into Asia.

Existing stock in Gurgaon is 33 million square feet, which is more than double that of Noida’s 13 million square feet.  A relatively large development pipeline in Noida is set to increase its market size to more than 60% of Gurgaon in the next three years. This will help to bridge the gap between the two markets and provide strong impetus to developers and occupiers in Noida.

Alongside the relatively fast pace of growth in total stock, during the past four years, Noida has seen average annual absorption of 1.8 million square feet compared to 4 million square feet in Gurgaon. This trend shall keep vacancy levels in Noida under control.

Special Economic Zones (SEZs) are likely to be well distributed in both markets.

Gurgaon has established itself as a leading Information Technology Enabled Services (ITES) destination and Noida as an Information Technology (IT) destination. Lower rental rates and better infrastructure in Noida are likely to increase the convergence between these two locations going forward.

Based on a rent-revenue analysis of a typical IT/ITES firm, occupiers based in Noida will enjoy 10-12% higher profit margins than those in Gurgaon due to lower rent, power and related costs.