Officials of The Situs Companies have announced the global
commercial real estate advisory firm has expanded its geographic reach
and range of service offerings in Europe with the recent opening of
its Berlin office.
In addition to the firm´s established array of due diligence and
loan underwriting services, which Situs has heretofore offered through
its London office, the firm will now deliver real estate-related
financial services to institutional investors, hedge funds,
private-equity groups and high-net-worth individuals looking to expand
or modify their commercial real estate investments across Europe.
Situs will also now offer surveillance reporting and other asset
management services to existing holders of commercial real estate
properties or portfolios, who may wish to reassess their investment
positions as market conditions continue to evolve.
While these service offerings may be relatively new to the
European real estate community, the firm has previous experience
successfully implementing such services in the United States. It will
leverage this experience with established European real estate
professionals, whose diverse backgrounds include real estate finance,
banking, accounting, valuation, brokerage and many others. According
to Situs CEO Ralph Howard, the European markets are now ripe for such
service offerings.
"As real estate markets across Europe continue to grow and
develop, the need for increased asset management, financial services
and greater transparency will become more and more apparent," he said.
"Situs is uniquely positioned to meet this need in a number of ways,"
he added.
Privately held, The Situs Companies (www.situscompanies.com)
employs more than 300 real estate professionals throughout the U.S.,
Europe and Asia to deliver commercial real estate services and
business solutions to leading investment banks, institutional
investors, private owners and various other commercial real estate
debt and equity participants. In Europe, Situs has completed real
estate and financial due diligence assignments in Germany, the United
Kingdom, France, Spain, the Netherlands, Belgium, Luxembourg,
Switzerland, Austria, Poland, the Czech Republic, Finland and Sweden.
The company also completed projects in Dubai, Qatar, India, China,
Korea, Mexico, Panama and the United States.
