Transwestern Extends Global Reach to Serve Occupier Clients

FORMS ALLIANCE WITH BNP PARIBAS REAL ESTATE

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Mar 21, 2012, 10:00 ET

HOUSTON, March 21, 2012 /PRNewswire/ -- Transwestern is extending its leading real estate service capabilities globally through a newly formed strategic alliance with BNP Paribas Real Estate, the Company announced today.

The alliance will focus on occupier clients and enhance services to both companies' clients throughout Europe, the Middle East, Africa, India and the U.S. The partners will seamlessly deliver service across borders managed by a single point of contact, provide a consistently high level of service through close-knit teams and serve clients more effectively due to their combined offerings and global reach.

"The partnership with BNP Paribas Real Estate reflects our commitment to serve our clients' global needs at the same high level of quality they have come to expect from Transwestern in the U.S.," said Larry P. Heard, Transwestern president and chief executive officer. "The alliance gives Transwestern the ability to provide real estate and transactional services for clients in 181 cities in 30 countries - 150 where BNP Paribas Real Estate is located and 31 where Transwestern is present. We are also excited to have the opportunity to deliver legendary service in an innovative format to BNP Paribas Real Estate clients who have real estate needs in the U.S.

"We selected BNP Paribas Real Estate as our partner because they are a great cultural and strategic fit with Transwestern. This alliance is part of our ongoing strategy to be the best firm wherever we operate by linking together like-minded firms around the world while leveraging both firms' considerable technology and human capital. In addition to benefiting our clients, the BNP Paribas Real Estate alliance opens up countless opportunities for our team members," Heard said.

Chairman Advisor of BNP Paribas Real Estate, Greg Cooke, said, "BNP Paribas Real Estate is thrilled to partner with a firm of Transwestern's caliber. Transwestern has a strong culture and an impeccable reputation for providing outstanding long-lasting client service. Similar to BNP Paribas Real Estate, their culture is rooted in doing what is right for the client and always putting the client's needs above all else. Aligning our two firms will create the strongest possible service offerings worldwide and provides BNP Paribas Real Estate with a very powerful services partner in the United States."

Chief operating officer Mark Doran and U.S. West coast president George Garfield will co-lead Transwestern's BNPRE alliance activities. Both executives played a significant role in forging the BNP Paribas Real Estate alliance. As COO, Doran works to ensure that the needs of clients are met both domestically and globally. Additionally, along with Garfield, he will provide strategic guidance to the BNP Paribas Real Estate relationship. Prior to joining Transwestern, Garfield served as president and CEO of global real estate for Vivendi Universal in Paris, and with the Walt Disney Company he directed the firm's worldwide real estate business and development activities in Hong Kong, London and Paris.

BNP Paribas Real Estate is part of Paris based BNP Paribas Group, a global leader in banking and financial services. With a presence in 30 countries, BNP Paribas Real Estate and its alliance members provide extensive geographic coverage in a full range of real estate services.

About Transwestern

Transwestern is a global, privately-held operating company specializing in commercial real estate services, investment and development. The firm's fully integrated approach delivers value to owners, investors and users of commercial real estate through innovation, penetrating market intelligence and legendary service delivered by teams of local experts. Transwestern has product specialties in office, industrial, retail, multifamily and healthcare and is an industry leader in sustainability solutions and in market research through its affiliate, Delta Associates.

Please visit www.transwestern.net or follow us on Twitter at @Transwestern.

About BNP Paribas Real Estate

BNP Paribas Real Estate is a leading international real estate provider, 1st in Continental Europe in terms of results according to the Property Week annual ranking 2011 (and the 2nd player in Europe,). It offers to its clients a comprehensive range of services that span the entire real estate lifecycle: property development, transaction, consulting, valuation, property management and investment management. BNP Paribas Real Estate has local expertise on a global scale through its presence in 29 countries (15 wholly owned subsidiaries and 15 alliances) across Europe, India and Middle East with 3,400 employees in about 150 offices. BNP Paribas Real Estate is a subsidiary of BNP Paribas.

For more information: www.realestate.bnpparibas.com

Real Estate for a changing world

SOURCE Transwestern