Newmark Knight Frank Devencore Opens Victoria Office

VICTORIA, BRITISH COLUMBIA--(Marketwired - Nov. 24, 2015) - Newmark Knight Frank Devencore, Canada's leading commercial real estate advisory and brokerage firm representing corporate, industrial and retail users, announced today that it is opening a new affiliate office in Victoria, British Columbia. With the establishment of the Victoria office, Newmark Knight Frank Devencore further strengthens its presence in Western Canada, this being the fourth new office opened by the firm in B.C. and Alberta since 2011.

The Victoria office, first established by Rick Pettinger and John Hayes as a J.J. Barnicke affiliate in 2001, has played a prominent role in Victoria's commercial real estate scene for the past fifteen years. Its cohesive six-member brokerage team has built an unsurpassed reputation on Vancouver Island and is a welcome addition to the Newmark Knight Frank Devencore network.

"We are delighted to bring this outstanding team of professionals to the NKF Devencore family," said Jean Laurin, President and CEO of Newmark Knight Frank Devencore. "It is exciting to offer our clients a more complete platform with such experienced and talented individuals who share the same values."

"Our new office in Victoria strengthens our presence in the B.C. market considerably. Combining the expertise of the Victoria and Vancouver offices allows us to further enhance our service offering in this fast-growing market" indicated Jon Bishop, Executive Vice President and Managing Principal in Vancouver. "With offices and affiliates now in 11 cities across Canada, we truly are able to offer our clients the most extensive and comprehensive advisory service available anywhere."

"Becoming a part of the Newmark Knight Frank Devencore team is absolutely the best fit for us," said Randy Holt, Vice-President of Devencore Realty Victoria Ltd. "We have sought a universally respected national and international brand to sustain and enhance our global reach and the reputation we have forged over the last fifteen years. Newmark Knight Frank Devencore meets that objective and shares our philosophy and commitment to serving our clients' interests and meeting the highest ethical standards. With our new colleagues in the Vancouver office, we look forward to further strengthening and deepening the relationships we have with our expanding clientele, both locally and nationally."

Newmark Knight Frank Devencore is the Canadian partner of Newmark Grubb Knight Frank, which operates from more than 370 offices on six continents.

About Devencore Realty Victoria Ltd

Operating as "Newmark Knight Frank Devencore Victoria", Devencore Realty Victoria Ltd. is an exemplary commercial real estate brokerage serving Victoria and the broader Vancouver Island market. Locally-owned and now with six active realtors including Rick Pettinger, Randy Holt, Griffin Lewis, Amanda Neal, Dave Bornhold and Matt Pettinger, the firm provides a complete range of sales, leasing and advisory services for retail, office, industrial, hotel, multi-residential and land development transactions. To learn more about our capabilities and to view our current listings, please visit www.devencorenkfvictoria.com.

About Newmark Knight Frank Devencore

As part of Newmark Grubb Knight Frank, one of the world's leading commercial real estate advisory firms, Newmark Knight Frank Devencore has built its sterling reputation in Canada from its origins in 1971 by providing outstanding representation to corporate, industrial and retail space users. Now with 11 offices across the country, Newmark Knight Frank Devencore offers its global clientele comprehensive services that are individually designed to ensure executive real estate decisions are supported by effective strategies and professional execution. To learn more about our capabilities, please visit www.devencorenkf.com.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world's largest commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.

With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including: leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC's common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). For more information, please visit www.bgcpartners.com.