Newmark Knight Frank Devencore's Gregg Wassmansdorf Elected to Site Selectors Guild

TORONTO, ONTARIO--(Marketwired - Feb. 20, 2014) - Newmark Knight Frank Devencore announced today that Gregg Wassmansdorf, Senior Managing Director of Consulting, Global Corporate Services, has been inducted into the Site Selectors Guild ("SSG"). Mr. Wassmansdorf is one of eight new professional consultants, and the first Canadian member, inducted into the elite international organization, which comprises an elect group of 34 of the world's most respected site selection consultants.

All members of the SSG must be nominated and approved by their peers in the industry. The SSG's global network of seasoned industry professionals brings its expertise to corporations and economic development organizations that require site selection assistance. It also works to advance the profession of international corporate site selection by providing education, networking, and other services to those involved in the industry.

Mr. Wassmansdorf is based in Newmark Knight Frank Devencore's Greater Toronto Area (GTA) West office and serves as a key resource for the real estate services company across North America and internationally.

"We're delighted that Gregg's wide-ranging industry experience and his talent for helping clients develop winning business strategies has been recognized by his peers in the SSG," said Allan Schaffer, President/Broker of Record of Newmark Knight Frank Devencore's Toronto office¹. "Gregg has helped our Global Corporate Services group develop into one of the strongest on the continent."

"We're very proud to be able to provide our clients with a suite of integrated strategic services that is unsurpassed," said Rob Renaud, Managing Principal/Broker of Record of Newmark Knight Frank Devencore's Toronto West office⁽²⁾. "Gregg's selection to the SSG is an indicator of our ability to assist clients with complex strategies, business expansions, consolidations, and relocations, and will contribute to our continuing growth both locally and across North America."

"It is an honour to be appointed to such a renowned group of business location experts and corporate consultants, especially at this moment when I'm working on some fascinating international and foreign direct investment projects," said Mr. Wassmansdorf, who is a dual Canadian and American citizen. "In my line of work, I share my cross-border experience with my clients and I hope to bring a unique perspective to my esteemed colleagues at the Guild."

Since joining the real estate brokerage and consulting industry in 1999, Mr. Wassmansdorf has been an advisor to major corporate clients and mid-size companies in the United States, Canada, Mexico and other countries in South America, Europe and Asia. Mr. Wassmansdorf joined Newmark Knight Frank Devencore in 2013.

About The Site Selectors Guild

The Site Selectors Guild is a professional association comprised of the world's most respected site selection consultants. The mission of The Site Selectors Guild is to advance the profession of international corporate site selection by promoting the profession and providing education, networking and other services to those involved in the industry.

All members of The Site Selectors Guild have been nominated and approved by their industry peers. As the first and only group of its kind, The Site Selectors Guild brings together a dynamic network of site selectors from around the world, combining their talent and expertise to create an invaluable resource, unmatched in its quality, for both corporations seeking site selection assistance and economic development organizations. For more information see www.siteselectorsguild.com.

About Newmark Knight Frank Devencore

As part of Newmark Grubb Knight Frank, one of the world's leading commercial real estate advisory firms, Newmark Knight Frank Devencore is Canada's largest corporate real estate advisor and brokerage, exclusively representing corporate, industrial and retail space users. With offices across the country, Newmark Knight Frank Devencore offers its global clientele comprehensive services that are individually designed to ensure executive real estate decisions are supported by effective strategies and professional execution. Newmark Knight Frank Devencore operates through licensed real estate brokerages across Canada. To learn more about our capabilities, please visit www.devencorenkf.com.

About Newmark Grubb Knight Frank

Newmark Grubb Knight Frank is one of the world's leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF's 12,000 professionals operate from more than 320 offices in established and emerging property markets on five continents.

With roots dating back to 1929, NGKF's strong foundation makes it one of the most trusted names in commercial real estate. NGKF's full-service platform comprises BGC's real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.

NGKF is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.

⁽¹⁾ Devencore Realties Corporation Canada Limited, Brokerage, 130 Adelaide Street West, Suite 2929, Toronto, Ontario M5H 3P5

⁽²⁾ Devencore Realties Corporation (Toronto West) Ltd., 1 Eva Road, Suite 409, Toronto, Ontario M9C 1X9