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March 9, 2010 - Harcourts has announced today a new joint venture with NAI Global that will significantly expand the commercial reach and services Harcourts can offer in Australia and New Zealand.

As the latest arm of the Harcourts global empire, NAI Harcourts will take its first steps in Australia and New Zealand this year.

NAI Global is the world's leading managed commercial network of 5,000 commercial property professionals and 325 offices in 55 countries throughout the world.

A joint venture between Harcourts and NAI Global will introduce a strong global platform of commercial real estate brokerage services to support corporate end users, investors and financial institutions locally and around the world.

NAI Harcourts have now appointed commercial real estate industry veteran Christopher Nicholl as CEO for the new venture. Mr Nicholl recently spoke of the company’s plans in Las Vegas at NAI Global’s annual convention and at Harcourts’ annual Business Leaders Conference.

He comes to NAI Harcourts with more than 20 years’ experience in the commercial property industry. Prior to NAI Harcourts, he was based in Singapore as International Director and Regional Managing Director, Project and Development Services, Asia Pacific with Jones Lang LaSalle. Nicholl also previously served as Executive Director and Board member of Colliers Australia.

Harcourts Managing Director Mike Green said Harcourts is a global real estate franchise group that has more than 625 offices around the world.

“Expanding our presence in the commercial sector is a significant step for the Harcourts Group, and a necessary one to take the company’s growth to the next level,” Mr Green said.

“Over the past few years the market has grown to exceed billions in revenue; yet at the same time we have seen very few new entrants, which offers NAI Harcourts a tremendous opportunity,” Mr Green said.

President and Chief Executive Officer of NAI Global Jeffrey Finn said, “NAI Global has been looking for ways to grow a presence in Australia and New Zealand, and Harcourts is the perfect partner for us to do so.

“The quality and strength of the Harcourts organisation in Australia and New Zealand, combined with NAI Global’s international commercial real estate platform creates a powerful platform for NAI Harcourts,” Mr Finn said.

“NAI Harcourts will give us a strong presence and powerful business generation engine in this important part of the world, connecting businesses and investors from around the globe to this escalating market,” Mr Finn said.

View Company Website: http://www.harcourts.co.nz