(Photograph: Aleksandar Jovanovic).
New Strategic Transatlantic Real Estate Alliance
Starboard TCN Worldwide announces it will participate in a new strategic alliance with leading European commercial real estate advisor, GVA Worldwide.
Starboard TCN Worldwide will participate in a new strategic alliance with leading European commercial real estate advisor GVA Worldwide.
H. Ross Ford III, President & 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, announced that the international real estate advisors have agreed to create an alliance that extends the scope and capability of their respective organizations into key strategic markets.
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 can harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.
The alliance with TCN Worldwide—a consortium of independent commercial real estate firms with approximately $38.8 billion in annual transactions and over 80 million square feet of space under management—will facilitate a range of services to both groups' clients, including: transactions, strategic planning, market and site analysis, financial and fund structuring, lease consultancy, pre-acquisition due-diligence, valuation, asset, property and facilities management.
Patrick Morrissey, Chairman of GVA Worldwide 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."
H. Ross Ford III, President and CEO of TCN Worldwide, 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." He added, "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."
David Greene, Chairman of the Board of Directors of TCN Worldwide and President of Brokerage Services at MHP Real Estate Services in New York, added "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." He added, "This is an important alliance for MHP as the NYC affiliate for TCN and we will continue to provide 'best in class' client services with sincerity and transparency."
About GVA Worldwide
GVA Worldwide is a growing partnership 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. Its new partnership with Bilfinger Real Estate enables it to harness the expertise of 5,000 professionals in over 120 offices across 25 countries worldwide.
GVA Worldwide maintains a global presence, including Europe: Austria, Belgium, Czech Republic, France, Germany, Greece, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Spain, Switzerland, Turkey, United Kingdom; Asia Pacific: Australia, China, Hong Kong and India. For further information visit www.gvaworldwide.com.