Situs Expands European Operations with Berlin Office

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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.

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Situs is uniquely positioned to meet this need in a number of ways

    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 (http://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.

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Nicolaus Harnack
The Situs Companies
+44 (0) 20 7715 2902
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