Cresa Continues Global Expansion with First Offices in Australia
Cresa, the world’s largest commercial real estate firm specializing in tenant/occupier representation, announced today that it is continuing its aggressive international growth with the opening of Cresa Australia, which has offices in Perth and Sydney and market coverage across the country.
Cresa Australia, formerly LPC Australia, is the leading independent corporate real estate advisory firm in the country that exclusively represents tenants and other space occupiers. Established in 1994, its services include transaction management, lease administration and fit-out project delivery.
“This is one of Cresa’s most significant international expansions to date,” said Richard Rhodes, Cresa CEO. “Cresa Australia has a deep and diverse client roster and is the largest, most well-established, independent tenant advisory firm in Australia. They founded the tenant-rep model in Australia, so this is a great opportunity for us to partner with like-minded professionals and further our objective, conflict-free, integrated services model.”
Cresa Australia’s client base comes from a range of industries and professions, including banking/financial services, legal, insurance, information technology, government and tourism/travel.
Rhodes said that joining forces with the new offices will allow Cresa to expand its service lines into new sectors such as oil and gas.
According to Geoffrey Learmonth, managing principal based in Cresa Australia’s Sydney office, “This is a very exciting and mutually beneficial partnership of firms that share the same values. While we will help Cresa expand for the first time in this country, we are presented with additional resources and the chance to service clients outside of Australia.”
Recently, Cresa opened global offices in Budapest, Argentina, Hong Kong, the Netherlands, and Belgium. Cresa Australia joins the firm’s other international locations in over 75 markets, including Canada, in addition to over 60 offices in the United States. Last year, Cresa completed over 100 assignments in more than 25 countries outside North America. Projects included transactions, project management, portfolio management, lease administration, and strategic planning.