The partnership is aimed at internationalising our business, granting us the opportunity to serve our clients abroad and to attract capital and foreign investors to the Italian market.
(PRWeb UK) July 11, 2010
King Sturge has formed an association with Italian property group Gabetti Property Solutions, one of the leading real estate brokerage firms in Italy.
Gabetti, headquartered in Milan, was founded in the 1950’s by Giovanni Gabetti. The company is one of the leading real estate brokerage firms in Italy and is listed on the stock exchange. The group provides local and international clients with a range of commercial services including agency, property management, research and valuation, as well as offering residential services through a franchising network. Gabetti has 9 offices in Italy, including Milan and Rome and employ 73 staff.
Richard Fiddes, Managing Partner for Mainland Europe at King Sturge, says “Italy has been a significant gap in our network for the last few years and with the European markets now starting to recover as well as our clients looking to expand, we are delighted to have formed an association with Gabetti. Our new associates have a lot of experience in the marketplace and we are excited to see where this new joint initiative takes us.”
"The agreement with a major international player such as King Sturge is an important milestone for us” comments Giorgio Lazzaro, CEO of Gabetti Agency. “The partnership is aimed at internationalising our business, granting us the opportunity to serve our clients abroad and to attract capital and foreign investors to the Italian market."
Gabetti Property Solutions is the parent company of the Gabetti Group (http://www.gabettigroup.com) which includes Gabetti Agency, Gabetti Finance, Abaco Servizi, Gabetti Cube, Patrigest, Gabetti NPL and La Gaiana.
Significant deals recently concluded by Gabetti include the sale of a 4,700m2 office building in Milan, currently leased to Credit Agricole, on behalf of the Italian banking group Mediolanum for €26 million, as well as the leasing of a 5,000m2 office building in the Naples CBD, for UGF Banca, a major Italian banking and insurance group.
Notes to Editor:
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King Sturge is one of the largest international property consultancies in Europe with 42 owned offices in 14 European countries, forming part of a network of over 215 wholly owned, associated and affiliated offices in 47 countries worldwide. Over 3,800 staff throughout these offices cover all property sectors and specialisms including plant and machinery, and residential.
In Europe, King Sturge operates in the major UK commercial centres and principal mainland European cities. In Asia Pacific, the firm has associations in Australia, Indonesia, Malaysia and New Zealand. In the Americas, King Sturge has business partners in North, Central and South America through King Sturge CORFAC International and ChainLinks Retail Advisors.
Through a joint venture with a wealth manager, King Sturge now has a presence in the Middle East. The office will initially be based in Dubai, concentrating on states in the Gulf Corporation Council: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
For further information please contact:
Régis Jacquemin, Corporate Communications Manager
Tel +44 (0) 20 7087 5120
Mob +44 (0) 7791 019 341
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