{"id":1004103463,"date":"2014-09-09T06:04:07","date_gmt":"2014-09-09T14:04:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103463"},"modified":"2022-12-08T19:47:39","modified_gmt":"2022-12-09T03:47:39","slug":"rics-expanding-role-in-brazilian-real-estate-markets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/rics-expanding-role-in-brazilian-real-estate-markets\/","title":{"rendered":"RICS Expands Role in Brazilian Real Estate Markets"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/em><\/p>\n

The Royal Institution of Chartered Surveyors will expand its presence in Brazil, directing its attention towards construction.<\/p>\n

\"Neil

Neil Shah, RICS managing director, Americas<\/p><\/div>\n

\u201cWe\u2019ve been in the Brazil market going on three years now,\u201d Neil Shah, managing director of the Americas for RICS, told Commercial Property Executive<\/i>. \u201cBrazil is an important real estate investment market as the development over the last decade has been substantial. There\u2019s a strong need for skills development, capability building and having a set of standards for professionalism in the real estate market.\u201d<\/p>\n

Up until now, RICS has worked mainly within the valuation and facilities management sectors. According to Shah, RICS entered the market three years ago based on relationships with global real estate services firms, hiring bright young architects and engineers that didn\u2019t really have the kind of background in real estate or credentials that were recognized.<\/p>\n

\u201cWe did a lot of training in development with that sector,\u201d he said. \u201cNow, we are expanding into the construction world\u2014project management, cost management, commercial management capabilities\u2014because RICS, thorough all the disciplines that we have members in, we cover dirt to disposition. Our entry was in advisory services but we\u2019re really getting into the front end of the life cycle of real estate now, which is the development of the asset.\u201d<\/p>\n

\"Neil

Neil and Team Brazil: Rafaela Thomsen, Heigor Freitas, Vinicius Amantini, Fabiana Gimenez, Marcia Ferrari (country manager or RICS in Brazil) and Neil Shah during the RICS International Summit, Brazil in S\u00e3o Paulo.<\/p><\/div>\n

RICS has engaged stakeholders in the market\u2014contractors, developers, construction companies, etc.\u2014and leveraged its relationships to develop and deliver the capability to train people in the market. It has developed relationships with the Brazilian Institute of Valuations and Building Inspections (Ibape), the Brazilian Association of Facilities (Abrafac), and the S\u00e3o Paulo State Housing Syndicate. RICS also signed an intention of understanding with the Brazilian Association of Developers (Abrainc).<\/p>\n

\u201cAll economies go through ebbs and flows, but regardless to where Brazil winds up after the election in October, we believe there is a strong need for infrastructure development, for skills development, and for on-going education and professionalism. That\u2019s why we are committed to the region,\u201d Shah said. \u201cFor us, it\u2019s an important time to be there to work with other organizations and be a part of the fabric of the real estate industry in Brazil as more and more international investment has flown into the country to develop commercial property, to develop retail property and build the profession itself.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The Royal Institution of Chartered Surveyors expands its presence in Brazil, directing its attention towards construction. <\/p>\n","protected":false},"author":451,"featured_media":1004103465,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16,21742],"tags":[],"class_list":["post-1004103463","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international","category-latest"],"acf":[],"yoast_head":"\nRICS Expands Role in Brazilian Real Estate Markets - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/rics-expanding-role-in-brazilian-real-estate-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RICS Expands Role in Brazilian Real Estate Markets\" \/>\n<meta property=\"og:description\" content=\"The Royal Institution of Chartered Surveyors expands its presence in Brazil, directing its attention towards construction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/rics-expanding-role-in-brazilian-real-estate-markets\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-09T14:04:07+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T03:47:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/Team-RICS.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"723\" \/>\n\t<meta property=\"og:image:height\" content=\"597\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/\"},\"author\":{\"name\":\"Keith Loria\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/aaa29b723dad85f2444ae3cb0c4d735f\"},\"headline\":\"RICS Expands Role in Brazilian Real Estate Markets\",\"datePublished\":\"2014-09-09T14:04:07+00:00\",\"dateModified\":\"2022-12-09T03:47:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/\"},\"wordCount\":451,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/Team-RICS.jpg\",\"articleSection\":[\"International\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/rics-expanding-role-in-brazilian-real-estate-markets\\\/\",\"name\":\"RICS Expands Role in Brazilian Real Estate Markets - 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