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Newmark Knight Frank Devencore Opens New Office in GTA West

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Toronto (05/03/2012)


Newmark Knight Frank Devencore, Canada's largest corporate real estate advisor and brokerage exclusively representing office and industrial space users, announced today that it has opened a new office in the western part of the Greater Toronto Area (GTA). The new office, situated at 1 Eva Road, is Newmark Knight Frank Devencore's second location in Toronto; the existing downtown headquarters are located at 130 Adelaide Street West. Newmark Knight Frank Devencore has been active in the Toronto real estate market since 1976.

The new GTA West office will be officially launched at an open house on May 3rd from 4-6 pm.

"We are delighted to be establishing this new GTA West office," said Rob Renaud, Senior Vice President and Managing Principal / Broker at Devencore Realties Corporation Canada Limited, Brokerage. "The market for both office and industrial real estate is in growth mode here and there is extraordinary potential for extending the services we offer to our clients. Over the last few years we have been privileged to work with some of the preeminent corporations located in this part of the city, including Golder Associates, Livingston, Investment Planning Counsel and Just Energy, and we have established a track record here. We have also been very involved with most of the larger developers in the region. Finally, the increasing demand for our services from existing and potential clients in the GTA West has persuaded us that we can best serve their needs by establishing a physical presence here."

Mr. Renaud, who will be leading the GTA West office, explained how the requirements of both office and industrial space users are becoming increasingly sophisticated, and Newmark Knight Frank Devencore has the expertise to provide a wide range of advisory services, including strategic planning and needs analysis, site selection, and negotiation of optimal real estate solutions. The firm is also able to fully leverage the international real estate expertise of Newmark Knight Frank, which is one of the world's preeminent real estate companies.

"Development and redevelopment activities are energizing the GTA West real estate scene," Mr. Renaud added. "There is a broad spectrum of property types here, as well commercial areas with extraordinary potential, and we are very excited about partnering with our clients in this vibrant market."

"Newmark Knight Frank Devencore is putting together a team of some of the most skilled and experienced real estate advisors in Toronto for this new office," said Allan Schaffer, President / Broker of Record at Devencore Realties Corporation Canada Limited, Brokerage. "This highly motivated team is dedicated to helping corporate and industrial space users navigate the complex space evaluation, acquisition and disposition processes. With two offices in the GTA, we can bring all of our corporate and industrial clients the most comprehensive and timely service offering available."


About Newmark Knight Frank Devencore

Devencore is the Canadian partner of Newmark Knight Frank, one of the largest real estate service firms in the world. Newmark Knight Frank Devencore is Canada's largest corporate real estate advisor and brokerage exclusively representing corporate, industrial and retail space users. With 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 Knight Frank

Newmark Knight Frank is one of the largest real estate service firms in the world. Headquartered in New York, Newmark Knight Frank and London-based partner Knight Frank together operate from more than 240 offices in established and emerging property markets on five continents. With a combined staff of more than 7,000 and revenues last year exceeding $993 million, this major force in real estate is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.

Newmark Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial markets. For further information, visit www.bgcpartners.com





For further information contact:

Rob Renaud, CCIM, SIOR, Broker
Senior Vice President and Managing Principal
Direct:  416-366-0366 x 241
Newmark Knight Frank Devencore

Devencore Realties Corporation
Canada Limited, Brokerage
1 Eva Road, Suite 409
Toronto, Ontario
M9C 4Z5


Sylvie Bachand
Director, Marketing and Communications
514-392-1330, ext. 225
Newmark Knight Frank Devencore

Devencore Ltd.
Real Estate Agency
800 René-Lévesque Boulevard West,
Suite 900
Montréal, Québec 
H3B 1X9