NAI Global has announced the start of activities of its Italian subsidiary, NAI Italy, with offices in Milan and Rome.

NAI Global has announced the start of activities of its Italian subsidiary, NAI Italy, with offices in Milan and Rome.

NAI Italy will deliver investment and real estate advice to existing and new national clients as well as international clients of NAI Global.

Located in Milan, Rome and Lugano, Switzerland, NAI Italy provides a range of services including valuation and advice, brokerage and leasing, corporate solutions, and development.

'Despite the current economic climate, we foresee investment opportunities appearing in a variety of sectors which will deliver excellent results in the near future,' said Giovanni Smaldone, chairman of NAI Italy.

Paul Danks, managing director Europe of NAI Global, said 'this is a positive move' for the group. 'Italy is a key market for us,' he noted.

NAI Global is an international real estate services organization, comprised of over 5,000 professionals in 55 countries in more than 350 offices.