NAI Global Announces New Member Firm in Nicosia, Cyprus

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PRESS RELEASE

NAI Global, one of the world’s largest, most powerful global network of commercial real estate services firm, today announced its newest Member firm, NAI Cyprus.

NAI Cyprus has become an NAI Global Member with 375 offices worldwide and more than 6,700 local market experts. Supported by the central resources of the NAI Global organisation, NAI Cyprus is actively managed to combine in-market strengths and form a powerful bond of insights and execution to address your local and multi-market challenges globally.

Under the direction of Costas Zeniou, Transitional Country Manager, the commercial real estate advisory company brings in-depth knowledge of Cyprus’ complex, ever-changing market place and a wide range of commercial real estate services, including valuation services, lease advisory, property management, facilities management, real estate investment advisory, planning, tax, research, and more.

Over the last year, the first signs of stability in the Cypriot real estate market have appeared, as a consequence of the forecasted economic growth. Foreign investors’ interest, in line with the Cyprus Citizenship and Permanent Residency Schemes and the Tax incentives introduced by the Government seem to have boosted the market, however it continues to perform at very low levels compared to pre-recession period. ‘’We are certain that becoming a Member of NAI Global will enable us to continue to grow and improve through collaboration with real estate experts in other markets around the Globe, with a mission to succeed through our clients’ success, enabling them to make considerable improvements to their performance and to develop an organisation that attracts and excites exceptional people.’’

Mauro Keller Sarmiento, NAI Global Executive Managing Director of International Business, stated: “We strongly believe that Cyprus offers many real estate business opportunities, not only domestically, but also due to its strategic location, globally. The island can act as a hub for investments between Europe, Middle East and Africa. The real estate market in Cyprus is going through a very interesting transformation following a significant crisis, but the island has shown strong economic resilience, which is a signal to investors for the potential recovery of the island in general and the real estate sector in particular. Recent interest from foreign investors is also significant for the advancement of the sector and the banking sector efforts to restructure their balance sheets through hands on real estate management, as well as government efforts and incentives such as Public Private Partnerships for the development of large projects and marinas, as well as the naturalisation scheme, all bring a new dynamic to the island’s real estate sector.”

About NAI Cyprus

NAI Cyprus is a specialised commercial real estate advisor with unique combination of real estate and financial experience and expertise across a wide array of sectors.

Whether you need to value, lease, finance, and/ or manage property in your market or around Cyprus and the region, NAI Cyprus is your local point of entry into a world of cohesive, creative solutions in all real estate sectors. We go beyond in-depth real estate analysis to argue each case based on a depth of creative and structured thinking, a naturally innovative approach and a deep and wide contextual understanding of this complex sector.

Together, these values make NAI Cyprus different.

You are always welcome to visit our website at www.naicyprus.com or contact us at +357 22 000 090.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, managing in excess of 400 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

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About Author

Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]