Market Overview

Australia's Freer Commercial Joins CORFAC International

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FALLS CHURCH, Va. and SYDNEY, Australia, Oct. 24, 2012 (GLOBE NEWSWIRE) -- CORFAC International 2012 President Doug Marshall announced today Sydney, Australia-based Freer Commercial has joined Corporate Facility Advisors (CORFAC) International as its first affiliate in the Asia-Pacific continent.

Started in 2009 by Oliver Freer, the firm focuses on commercial office sales and leasing transactions, predominantly on the East Coast of Australia including Sydney, Melbourne, Brisbane and Canberra. The firm also has capability in industrial and retail brokerage in Sydney. Last year, the company completed more than 800,000 square feet in leasing and consulting transactions in the Australian market. The company prides itself on the longevity of its brokers in the market and all senior brokers have been in commercial real estate for more than 15 years.

Freer has had a lengthy career in the commercial real estate industry and was formerly with Colliers, Trammell Crow and CBRE. His connection to CORFAC goes back to near 2000, when he did a data center transaction in Australia that was referred to him by a CORFAC affiliate in California.

"Having had international roles previously with Colliers, CBRE and Trammell Crow, I am keen to develop international referral relationships with CORFAC members for both inbound and outbound client services," said Freer.

Sydney has 27 million square feet of office inventory, 45 million square feet of industrial space and 40 million square feet of retail space.

For more information visit www.freercommercial.com.au

Founded in 1989, U.S.-based CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services in 150 markets worldwide. A Principal Member of FIABCI – the International Real Estate Federation with global affiliates in Canada, Europe and Asia, CORFAC International offers commercial real estate services with market reach in 65 countries worldwide. In recent years, CORFAC firms have averaged 10,000 completed transactions annually encompassing nearly 100 million square feet and valued at more than $6 billion. Contact CORFAC at 703.532.6160 or visit www.corfac.com.

The CORFAC International logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14236

CONTACT: CORFAC International media contact: Gary Marsh (415) 453-7045 or gary@marshmarketing.com

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