Newmark Knight Frank Devencore

Newmark Knight Frank Devencore

April 01, 2009 10:00 ET

Devencore and Newmark Knight Frank Form New Global Services Group

Agreement Provides Devencore with Expanded Global Presence

MONTREAL, QUEBEC--(Marketwire - April 1, 2009) - Devencore announced today that it has entered into a partnership with Newmark Knight Frank, one of the largest independent real estate service firms in the world. The partnership will operate as Newmark Knight Frank Devencore and provide clients with comprehensive access to real estate markets in Canada and across the globe.

"We are delighted to be joining forces with Newmark Knight Frank, a firm that has an excellent reputation for providing real estate services that are unsurpassed," said Jean Laurin, Devencore's Chief Executive Officer. "This enables us to offer our clients a complete range of strategic real estate services across North America and internationally. Together, we have a real opportunity to develop our service offering and client base across the country and indeed globally. Our goal is to become one of the top three service providers in the world."

Newmark Knight Frank's capabilities and coverage extend throughout the United States, Europe, Asia-Pacific, Latin America, Africa and the Middle East. With a staff of 6,900 employees, the firm has created an effective global platform from which to serve the real estate needs of its growing list of clients.

"We needed to have a presence in Canada," said Barry M. Gosin, Chief Executive Officer of Newmark Knight Frank. "We are now positioned to better serve our expanding client base throughout North America, working in tandem with this highly regarded firm. We are pleased to be partners with Devencore, a firm that is well known as an innovative provider of real estate solutions with an exceptional service model and an excellent reputation."

"Our cultures are a very good fit, as both of our firms are highly entrepreneurial and dedicated to client service," Mr. Laurin said. "Devencore and Newmark Knight Frank are acknowledged leaders in their respective markets, and we are now able to leverage our in-depth knowledge and expertise to enhance our real estate solutions in those markets."

About Devencore

Devencore is Canada's largest corporate real estate advisor and broker exclusively representing corporate, industrial and retail space users. Devencore offers comprehensive services, which include delivery models, individually designed to ensure executive real estate decisions are supported by effective strategies and professional execution. A privately-held company, Devencore has its primary offices in Montreal, Ottawa, Toronto and Vancouver. For further information, please visit us at www.devencore.com.

About Newmark Knight Frank

Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank Newmark operate from over 195 offices in established and emerging markets on six continents. Last year, transactions were valued at more than $47.6 billion with annual revenues of over $962 million. With a combined staff of more than 6,900, this major force in real estate is meeting the local and global needs of corporations and investors worldwide. For further information, visit www.newmarkkf.com.

Contact Information

  • Sylvie Bachand
    Director, Marketing and Communications
    Devencore Ltd.,
    Chartered Real Estate Broker
    Newmark Knight Frank Devencore
    514-392-1330, ext. 225 / sbachand@devencore.com