Broll secures international partner.

Posted On Wednesday, 30 October 2002 10:01 Published by
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The Insignia Financial Group - one of the foremost commercial property advisers in the world – will be represented by Broll Property Group throughout Sub-Saharan Africa including the Indian Ocean Islands of Madagascar, Seychelles, Mauritius and Comores.

The Insignia Financial Group - one of the foremost commercial property advisers in the world – will be represented by Broll Property Group throughout Sub-Saharan Africa including the Indian Ocean Islands of Madagascar, Seychelles, Mauritius and Comores.

 

According to Broll executive chairman Jonathan Broll, the strategic alliance with Insignia will make it easier for South African businesses looking to purchase or rent property overseas.  In addition, foreign operations wishing to identify property solutions in Southern Africa will have the assurance of dealing with one of the leading property advisers in the world.

 

“In addition to the obvious networking opportunities the new relationship brings, Insignia has set the benchmark in industry best-practices,” said Broll.  “They are a market leader in the United States, in the United Kingdom and Europe, and in the Far East and their accumulated know-how is there for us to use and enhance our own abilities.”

 

New York Stock Exchange-listed Insignia Financial Group (IFG), one of the largest fully-integrated real estate and property finance companies in the world.  IFG operates from 95 offices, on four continents with a turnover of almost R8billion and employs over 6 200 people.

 

Alan Froggatt, chief executive of Insignia in Europe, said : “We presently hold a leading position in both the London and Paris leasing and investment markets and we are increasing our presence in the European market from this solid base.  However, we are delighted that we can now extend our network to Southern Africa through this strategic alliance with the major force in this market.”

 

According to Froggatt, business supremacy relies on competitive advantage and Insignia is renowned for its market intelligence gathering and application capabilities.  It is expected that these skills will form one of the first tranches of expertise applied to Broll’s own recently established research department.

 

“Property, like any other sector in South Africa, cannot operate independently of global markets,” concluded Broll.  “By establishing ties with arguably the best property adviser in the world we will provide new opportunities for our shareholders, our staff and, most importantly, our clients.”

 

Established in Cape Town in 1974, Broll has grown to include offices in Durban, Johannesburg, Port Elizabeth and Pretoria.  The Company is jointly owned by Mvelaphanda Strategic Investments – one of South Africa’s foremost black empowerment companies - and Catalyst Holdings.   It is a multi-disciplinary group comprising fields of excellence in property management, broking, property services and consulting to the retail, industrial and office markets.


Publisher: Broll
Source: Broll

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