Local Voices
CRESA EXPANDS ITS TENANT-FOCUSED SERVICE DELIVERY PLATFORM INTERNATIONALLY
April 11, 2014 (Bethesda, MD) – Cresa, North America’s leading tenant representation firm, announced today that it has expanded its tenant-focused service delivery platform into London, with plans to shortly expand in Hong Kong as well.
The expansion into global markets solidifies Cresa’s position as the largest firm to exclusively provide service to occupiers of office and industrial real estate in the world, with the ability to provide service in more than 60 countries.
In London, Cresa has added Cresa DeVono, formerly known as DeVono Commercial Property Advisors. Since 2003, the firm has been the leading commercial estate agent in London to act and advise commercial property occupiers and tenants only.
There has been a growing demand among corporations, government agencies, and non-profits for tenant-only services, as conflicts of interest can occur when a commercial real estate services firm represents both tenants and the landlords they are negotiating with for space.
For more than 20 years, Cresa’s platform has exclusively provided services to tenants, eliminating those conflicts while specializing in meeting occupiers’ workplace and financial requirements.
Cresa CEO Jim Leslie said, “Cresa is committed to providing tenant-focused services exclusively, no matter where in the world our clients have real estate requirements. For more than 20 years, Cresa has been the leader in providing services to occupiers only; and now, we are pleased to extend our service delivery model into Europe and Asia. Cresa is now uniquely able to provide clients with conflict-free services anywhere in the world.”
Luke Philpott, of Cresa DeVono in London, said: “we have been the leading tenant representation firm in London for the last eight years, and we are keen to embrace an international platform with Cresa who share our business ideals while also embracing our unique, no conflict, tenant only approach to commercial real estate.”
Last year, Cresa completed more than 100 assignments in more than 25 countries outside North America. Projects included transactions, project management, portfolio management, lease administration, and strategic planning.
Gene Sachs, a Managing Principal with Bethesda-based Cresa Washington DC, which has additional offices in the District of Columbia and McLean, says that Cresa’s expansion into London, and planned expansion into Hong Kong, will benefit the firm by allowing it to provide conflict-free services for clients in the Washington market, such as BAE Systems, that have requirements overseas.
“In a truly globalized world, this opens the doors for our numerous clients who do business abroad,” Sachs says.
About Cresa:
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 55 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.