SHANGHAI-CORFAC International, based in Falls Church, VA, recently had its board of directors add in three foreign firms. Cresval Corporate Advisory Group, based here, and Mumbai-based Narains Corp. and Athens-based Ktimatiki Real Estate are the organization’s newest international affiliates.
The organization associates with private commercial real estate firms throughout the world to provide networked companies that share deal and lead information. The group includes companies in 65 countries, with Berendes & Partner Consulting in Hamburg, Germany and IL Punto Real Estate Advisor in Milan joining in December.
Simon Liu is managing principal of Cresval, which until April 2008 was the former Appraisal & Corporate Advisory Practice Unit of CresaPartners. His firm covers real estate services to clients in China, as well as Hong Kong, Singapore, Taiwan, Japan, Malaysia, Thailand, India and Indonesia.
Liu tells GlobeSt.com that the rushing freight train of the China markets has slowed somewhat due to the global economic downturn, especially with the problems faced by the European markets. “China is still the best place for global investment, as evidenced by the continuing commitments of multinational corporations in the country,” he says. “In the two largest cities, Shanghai and Beijing, demand for office space is still expanding and office rentals are on the rise due to tight new supply on the market.”
Chetan Narain is CEO and president of Narains Corp., established in 1971, and the company is working on business in the United States, United Kingdom and Canada. Kiriakos Kalimnios is CEO of Ktimatiki, which was established in 1982, and he focuses on Greek markets.
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