PRESS RELEASE 27.10.2008

NAI Baltics strengthens its coverage in Estonia.

NAI Baltics, the representative of NAI GLOBAL, world’s premier network of commercial real estate firms and one of the largest real estate services providers worldwide, announced today that it has strengthened its coverage in Estonia with signing of Cooperation/Agency agreement with leading brokers of ERI Kinnisvara (ERI Realtors).

According to Agreement Mr. Hannes Pihl and Mr. Rein Ruusmann are appointed as affiliated Agents of NAI Baltics in Estonia.

„The „ERI Kinnisvara” team of professionals offer over 15 years of experience in commercial real estate services,” stated Valdis Ligers, NAI Baltics Principal and Director of the Baltics Operations. “Their extensive local knowledge will be of great value to our many international corporate and investor clients with interests in the Baltics region.”
„In the economic situation with commercial property clients' needs growing day by day, the only functioning business idea is to involve international know-how and power of network. Just as it once happened to banks, there is a moment when one has to involve new partners,“ says Hannes Pihl, Chairman of the Board of ERI Kinnisvara, and adds that “in the tightening competition, operating as Agent of NAI Baltics will enable us to serve better and offer new opportunities to our local clients.”
Mr. Hannes Pihl and Mr. Rein Ruusmann are appointed as affiliated Agents of NAI Baltics in Estonia.

ERI Kinnisvara, established in 1993 and based in Tallinn, Tartu and Narva, is one of the oldest real estate companies in Estonia. With 15 years of market experience, ERI Kinnisvara has become an agency that provides a full range of real estate-related services and deals with sale and purchase services, appraisal, maintenance and investments related to real estate properties.

NAI Baltics is a full-service commercial real estate advisory firm with its Baltics headquarter based in Riga, Latvia, established to serve Latvia, Estonia and Lithuania. The firm’s professionals have experience in all aspects of commercial real estate, including office, industrial, retail, hotels and land. The company’s service offerings include investment advisory, brokerage services, seller and tenant representation, sales and leaseback transactions, corporate services, retail and other commercial concept development, implementation of asset optimization programs, facility management, property evaluation and appraisal, property management, focused market research. NAI Baltics joined NAI GLOBAL network in 2007.

Source: www.naibaltics.com