Insight

Cresa Expands its Tenant-Focused Global Service, Opens Real Estate Office in Belgium

March 31, 2015

BOSTON, March 31, 2015 – Cresa, the world’s largest commercial real estate firm specializing in tenant representation, announced today that it has expanded its tenant/occupier service delivery platform in Europe with the addition of Cresa Belgium. 

Based in Brussels, Cresa Belgium, formerly known as Freestone, is a fast-growing real estate consultancy that exclusively represents occupiers of space, including corporations, nonprofits, and government. According to Richard Rhodes, Cresa Chairman, it is strategically important for Cresa to have a strong presence in Brussels, the de facto “capital” of the European Union and a central location on the continent. Cresa Belgium is also active in the Luxembourg market.

Cresa Belgium joins the firm’s other international locations in over 60 markets worldwide, including London, India, and Canada, in addition to over 50 offices in the United States.  The expansion into additional global markets furthers Cresa’s ability to provide service exclusively to occupiers of office and industrial real estate.

Recent academic research cites that tenants may be best served by a company that represents their interests exclusively. 

“Demand is growing among companies for tenant and occupier-only services that avoid potential conflicts of interest,” said Rhodes. “There is a void of tenant representation firms worldwide, and this presents us with an opportunity to expand our objective, conflict-free, integrated services model in Europe and other global markets.”   

He added, “Our international clients are increasingly looking for a real estate partner that puts their interests first and is not beholden to landlords.  We are pleased to extend our service delivery model on the continent and help our clients become more productive.”

Bob Verdonck, Managing Partner of Cresa Belgium, said, “Joining Cresa will strengthen our ability to serve clients anywhere in the world with experienced professionals who share our tenant representation approach.”

This spring, Cresa aims to open eight new offices in Europe and Asia. Last year, the most successful in the firm’s history, Cresa opened offices in London and The Netherlands, and it completed over 100 assignments in more than 25 countries outside North America.  Projects included transactions, project management, portfolio management, lease administration, and strategic planning.

Cresa, based in Boston, is the world’s largest corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Corporate Solutions, Site Selection, Lease Administration, Capital Markets, Mission Critical Solutions, Relocation Management, and Facilities Management. Visit www.cresa.com.