The office is being led by Ashok Kumar, the former head of Insignia Brooke's India operations. The new office is a joint venture with Kumar and CRESA Partners'international affiliate, Atis Real, which includes the Asia-based firm Sallmans Group.
"We recognized a need for a strong India presence based on the significantnumber of American companies that are outsourcing," says John Brady, Cresa Partners San Jose-based co-founder, citing a 2003 forecast by Forrester Research that predicts outsourcing will result in 3.3 million American jobs moving offshore by 2015, with 70 % of those jobs moving to India.
"The low cost of highly educated labor, an abundance of property, improving infrastructure, and government incentives are driving multinationals to India," says Kumar, who serves as a principal and managing director of Cresa Partners' India operations. "The Cresa Partners office fills a gap in India service to the many clients I have served in the past as well as newmultinational companies."
Cresa Partners also recently expanded its presence in Canada with the addition ofPartners Global Corporate Real Estate Inc. as the firm's Halifax, Nova Scotia, affiliate. Partners Global is Cresa Partners' sixth Canadian affiliate, joining offices in Toronto, Ottawa, Montreal, Vancouver, and Calgary.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
