Coldwell Banker Commercial Brand Expands Into Italy
MADISON, N.J., Oct. 15, 2014 /PRNewswire/ -- Coldwell Banker Commercial Affiliates today announced its expansion into top Italian markets with the franchise affiliation of Coldwell Banker Commercial Realty Advisory in Milan and Rome. Coldwell Banker Commercial Realty Advisory, founded and managed by Giuseppe Rojo and Andrea Quintavalle, currently has 12 brokers and 6 advisors.
"Expanding the Coldwell Banker Commercial network presence in Italy is key for the growth of our franchise network," said Fred Schmidt, president and chief operating officer, Coldwell Banker Commercial Affiliates. "Under the leadership of Mr. Rojo and Mr. Quintavalle, we expect the Coldwell Banker Commercial organization will have a strong foothold in Milan, Rome and beyond."
Clients of Coldwell Banker Commercial Realty Advisory include some of Italy's most prestigious institutions such as national banks and public real estate investment funds.
Coldwell Banker Commercial Realty Advisory will continue to specialize in all commercial property types and service lines including hospitality, office, retail, land & development, and industrial.
Rojo will serve as CEO of Coldwell Banker Commercial Realty Advisory. Starting his career as a business consultant, he has extensive experience in hotel operation management. He has a deep knowledge of the financial field, having served as CEO and as a board member of various Italian companies, including Equitalia Giustizia S.p.A., Snai Food S.p.A., Cremonini S.p.A. and Group Sistemia S.p.A.
Quintavalle, who be the firm's general manager, has served as managing director of several Italian real estate consultancy firms, as well as CEO of construction companies that operated within the private and public sectors.
"Our backgrounds in the financial field, along with real estate, allow us to fully understand the commercial opportunities in Italy," said Rojo. "Recent surveys conducted by banks, economists and real estate professionals produced some rather unexpected results: the Italian real estate sector is showing signs of recovery."
Rojo also pointed out that despite the reduction in the tourism sector, hospitality values in Milan and Rome are higher than in the average European city. Hospitality values in these two markets are also above the European average in other art cities like Venice and Florence.
Investors are particularly interested in the hotel segment in Milan heading into the next Expo 2015. The government has approved financing of almost 1 billion euro for Milan, and the same amount is expected to come from private investors for new areas to be developed.
"The Italian commercial real estate market has shown substantial stability in values, despite the reduction of the number of transactions," said Rojo.
About Coldwell Banker Commercial
Coldwell Banker Commercial Affiliates is a worldwide leader in the commercial real estate industry. The Coldwell Banker Commercial organization is part of the oldest and most respected national real estate brand in the country, Coldwell Banker Real Estate. The Coldwell Banker Commercial systems is comprised of approximately 3,000 sales agents working in approximately 200 companies. Each office is independently owned and operated. Coldwell Banker Commercial Affiliates is a subsidiary of Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services.
About Coldwell Banker Commercial Realty Advisory in Milan and Rome
Coldwell Banker Commercial Realty Advisory, has two locations - Galleria del Corso 2- 20122 in Milan and via Sardegna 50 – 00187 in Rome.The company be reached via phone at (+39) 0639740456 and via email at [email protected]; [email protected].
Media Inquiries:
Evan Jordan
CooperKatz for Coldwell Banker Commercial
917.595.3056
[email protected]
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SOURCE Coldwell Banker Commercial Affiliates
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