CBRE today announced that it has entered into an affiliate agreement with The Metrium Group, a leading residential real estate advisory and brokerage firm based in Moscow, Russia.
Founded in 2012, Metrium Group is the leading brokerage and advisory firm covering residential real estate market in Moscow region. Metrium Group employs 370 staff. Its current portfolio accounts for 123 development projects comprising a total of 11.6 million sq m. with average monthly sales of c. 30 thousand sq m for major residential real estate development companies in the region.
CBRE has operated in Russia since 1994 and employs 400 staff providing a suite of commercial real estate services. This new affiliate relationship will allow CBRE and Metrium Group to provide clients with leading expertise and a comprehensive range of services covering both the commercial and residential markets.
Vladimir Pinaev, CEO of CBRE Russia, said: “Metrium Group is the leading broker in Moscow’s rapidly growing residential market, and we are delighted to join our forces with such a well-regarded player in this new segment for us. Despite recent economic turbulence, demand for residential real estate remains high with a strong development pipeline and positive prospects for further market growth. Through our partnership with the Metrium team, we now are strongly positioned to provide clients in both the commercial and residential sectors an integrated full-service offering to meet all their real estate requirements.”
Maria Litinetskaya, co-founder of Metrium Group said: “We welcome our partnership with CBRE. At present a lot of integrated urban development projects to be put in the market require inter alia a comprehensive infrastructure expansion in line with world’s best practice in urban planning. In addition, our clients impose increasingly high requirements for the product, range and quality of services. We look forward to achieving synergies through combining our professional expertise.”
This is CBRE’s second affiliation agreement in Russia. It has affiliated with Maris Properties, a leading commercial real estate services firm in St. Petersburg, Russia’s second largest city, since 2006.