SAN FRANCISCO—TCN Worldwide Real Estate Services and GVA Worldwide have agreed to create an alliance that extends the scope and capability of the respective organizations into key strategic markets. The alliance will facilitate a range of services to both groups' clients.
Hans Hansson, president, principal and founding partner of Starboard TCN Worldwide tells GlobeSt.com: "As a member of the TCN Worldwide Network, Starboard will now have an expanded, international presence so that we can better serve our local clients who might have international needs. There are so many foreign buyers and tech tenants looking to invest in office space in San Francisco. We believe this alliance will greatly advance our efforts and serve more of our international tenants and buyers seeking real estate in the San Francisco Bay Area."
GVA Worldwide is an international network of independent commercial real estate companies working with a wide range of clients including occupiers, multi-national corporations, major space users, developers, owners, institutions, lenders and investors. Through its affiliated member firms, partners have the expertise of 5,000 professionals in more than 120 offices across 25 countries worldwide.
H. Ross Ford III, president and CEO of TCN Worldwide Real Estate Services, and David Greene, chairman of the TCN Worldwide board of directors, together with Patrick Morrissey, chairman of GVA Worldwide, were at the center of the announcement.
Morrissey stated, "We have been in detailed discussions with TCN for some time. Our long-standing ambition to establish a strategic alliance with a leading US real estate practice has been fulfilled. We have signed a memorandum of understanding with TCN. This agreement will form a hugely significant step in our plans to expand and strengthen not just our transatlantic ties but our wider cross-border capability throughout the GVA Worldwide community. As the markets continue to strengthen and the flows of capital continue, our access to and representation in the US becomes increasingly important for our clients."
The alliance with TCN Worldwide—a consortium of independent commercial real estate firms with approximately $38.8 billion in annual transactions and more than 80 million square feet of space under management—will facilitate a range of services including transactions, strategic planning, market and site analysis, financial and fund structuring, lease consultancy, pre-acquisition due-diligence, valuation, asset, property and facilities management.
Ford shared, "We are excited to make this alliance a reality for our member firms. Expanding our network's opportunities to better serve our many clients and extend the reach of our global partners across Europe is a significant success. We will look to continue our global growth and work in concert with the GVA Worldwide team to take advantage of the many synergies our organizations share. Most importantly, we are already seeing several of our member firms and specialty teams working together on new business opportunities. We look forward to building on these early successes in the coming months."
The New York City affiliate for TCN is MHP Real Estate Services and, in addition to serving as chairman of the board of directors for TCN Worldwide, Greene is president of brokerage services at MHP. He discussed the important alliance between the international real estate advisers.
"A strategic alliance between TCN Worldwide and GVA Worldwide increases our collective reach, strengthens our client base and invigorates our individual firms. The new worldwide alliance now provides every individual in both affiliate organizations the chance to better serve their clients and prospects."
As previously reported, Starboard TCN Worldwide is part of the Mission Creek residential project.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
