Europe, Middle East & Africa
Milano, ITALY • March 26, 2013 – NAI Global has announced that NAI Italy has started its operation on March 1st. NAI Italy joins NAI Global as the leading full-service commercial real estate firm in Milano, Italy, now representing one of the largest real estate services providers worldwide. NAI Italy will deliver investment advice and independent real estate advice to existing and new national clients as well as international clients of NAI Global.
Located in Milan, Rome and Lugano, Switzerland, NAI Italy provides a range of services including valuation and advice, brokerage and leasing, corporate solutions, development, project and construction management, asset management, market research and tenant representation.
Giovanni Smaldone, Chairman of NAI Italy, says, “Despite the current economic climate, we foresee investment opportunities appearing in a variety of sectors which will deliver excellent results in the near future. By joining NAI, we are enhancing our service offering to bring more benefits to our clients, helping them to be more profitable and make the best real estate decisions.”
Paul Danks, Managing Director Europe of NAI Global, said, “This is a positive move for the clients of NAI Global as we continue to develop and expand our services across Europe. Italy is a key market for us and Giovanni and his team has exactly the broad range of diversified financial and real estate experience that our clients are looking for as the markets begin to recover.”
About NAI Italy and NAI Global
NAI Italy draws on the extensive knowledge of a management team of three, who have been active in the Italian market for over 20 years. The company’s impressive list of clients and partners includes major banks, pension funds, local authorities, fund managers, developers as well as private clients both local and international. Its work spans the commercial, industrial and logistics, retail, hospitality leisure and entertainment, residential and second home, land and mixed-use development schemes.
NAI Global is an international real estate services organization, 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 optimize their real estate assets. NAI offices complete over $45 billion in combined transactions annually and manage 300+ million square feet of commercial space.
• NAI Global signed its newest member which extends our coverage into Italy with new offices in Milan and Rome.
• Over 200 clients and prospective clients passed through the NAI Yacht during the day.
• Over 80 people attended a major market presentation as offered by our team from Sweden.
• Meanwhile the NAI First Partners team organized a market overview which was presented by Dr. Angus Mackintosh to over 100 people. Guests of the yacht included representatives of major European Developers, Investors and Occupiers including The Queen of England’s personal legal representatives. Professor Angus McIntosh, Economic and sustainable property consultant – Real Estate Forecasting and Oxford Brooke’s University, discussed the global macro trends and their impact on commercial real estate markets along with international investment. He highlighted the key considerations for investors and how to prepare and succeed when investing in Norwegian commercial real estate.
NAI Global is here in force. Jay Olshonsky, NAI Global President, Mauro-Keller Sarmiento, Executive Managing Director-International Business and Paul Danks, Managing Director-Europe are joined by a team of more than 70 NAI professionals representing over 25 European Countries.
Operating from a Yacht in Historic Cannes Harbor and a Stand in the Exhibition Centre the NAI team will host over 500 clients, occupiers, developers and investors during the 3 day event.
Follow our blog as we ride the waves in Europe!!
Expo Real was a resounding success for NAI Global. From pre-arranged meetings with existing clients and prospects, to developing relationships with new contacts, it was always busy at the NAI Global stand.
EXPO REAL 2012 finished on a high note.
Participating were approximately 1,700 exhibitors. EXPO REAL 2012 also reported a rise in the number of participants in this 15th International Trade Fair for Commercial Property and Investment – to a total of 38,000, up by 1,000 on 2011.
EXPO REAL is all about meeting contacts; not just across Europe but globally too. It’s also a great place to spend quality time with our European colleagues.
The market in Germany and its neighboring countries in Central Europe proved to be a particular attraction. Visitors to NAI Global’s stand, from the host country and around the world, were particularly interested in its investment services capability alongside strategic property consultancy and brokerage services. Environmental sustainability was also a hot topic, with energy efficiency a key driver for occupiers, investors and developers alike.
In his latest white paper, “Unprecedented Global Government Intervention,” NAI Global Chief Economist, Dr. Peter Linneman, discusses the dangers and pitfalls of an extraordinary wave of global government intervention taking place in capital markets. Citing historical examples, he demonstrates intervention only prolongs periods of stagnation and uncertainty. “In all, government activity is now deterring the very investment it was hoping to spur.”
As we enter the third quarter of 2012, we are seeing the pattern of unprecedented government intervention continue. Governments around the world are using the powerful tools at their disposal; spending, regulations, fiscal policy, and taxes to interfere with the free market in hope of sparking economic recovery. The result is that instead of recovery, we are experiencing further distress as the Euro crisis intensifies and even Brazil and China’s economies slow.