Nelson Bakewell - General - United Kingdom

Date: 22 Sep 1998

Leading commercial property consultancy, Nelson Bakewell has been selected as the UK representative of ONCOR International - one of the world's largest organisations of real estate advisers.

ONCOR International comprises 6,000 professionals covering 220 markets in more than 45 countries. The association provides its members' clients with the optimum combination of global coverage and local real estate expertise. Last year the ONCOR system generated approximately 670 inter-company transactions worth around US$900 million.

Announcing the move, Nelson Bakewell chairman Phillip Nelson said: "Since Nelson Bakewell was created in 1982, the firm has focused exclusively on the domestic market and has become one of the foremost prove 'ders of property advice in the UK. However, as real estate markets develop on an increasingly global basis, it is now appropriate that we have effective links with comparable organisations on an international basis.

"This is a new stage in Nelson Bakewell's corporate development and reflects the growth in scale and diversity of our work."

Nelson Bakewell secured the opportunity of joining the ONCOR network ahead of competition from several of the UK's leading property consultancies. ONCORs Philip Coates commented: "finding a new UK partner created a large challenge and the organisation interviewed a number of high quality firms, The Board chose Nelson Bakewell because of its dynamism and the 'fit' into the organisation".

Nelson Bakewell's Director of Corporate Property, Michael Hatt - who has become ONCOR's Chief Executive Officer in the UK - commented: "An increasing number of our corporate clients are requesting guidance on matters beyond the confines of the UK and we feel the link-up with ONCOR will help us to meet their needs as well as providing new business links with overseas occupiers and investors looking to establish themselves in the UK property market

Nelson Bakewell Director, Alan Dornford will act as the firm's ONCOR Manager and will handle the operational connection between Nelson Bakewell and the rest of the ONCOR network. He commented: "ONCOR International is an organisation of leading, independent commercial property advisers and is dedicated to serving clients who have requirements on a global basis. We are looking forward to playing an effective and productive role."

Other European members of ONCOR include Bourdals in France, Gabetti (Italy), Hamilton Osborne King (Ireland), Boer Hartog Hooft (Holland), PI Performance (Switzerland), The Western Group (Moscow), and Atlantic in St Petersburg.

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