NAI expands its coverage to Iceland.

NAI Global, the world's largest network of independently owned commercial real estate brokerage firms, announced it has expanded its coverage to Iceland with the addition of NAI Reykjavik.

Established in 2002 as Austurbaer fasteignasala ehf, NAI Reykjavik covers commercial real estate markets throughout Iceland.

The firm specializes in office, industrial and retail leasing and sales, investment property and land. Its services include tenant representation and site selection for corporate clients, appraisals, investment services, consulting, financing and property valuation.

"The Icelandic economy has been expanding fast for the last 15 years leading to very active financial markets," stated NAI Global President & COO Jeffrey M. Finn. "We are now the first global commercial real estate services company to have an office in Iceland. NAI Reykjavik's local market expertise will be valuable to assist corporate clients and investors interested in this dynamic region."

NAI Reykjavik clients include leading corporations, financial institutions and property owners, including Landsbanki, Saxholl, Frjalsi fjarfesting abankinn, BM Valla, Eik fasteignafelag and Kaupthing Bank.

"In the last few years our customers have been expanding their businesses more and more internationally," added Magnus Kristinsson, principal and business director at NAI Reykjavik.

"As part of the NAI Global network, we will provide the global reach our clients need through offices in leading markets throughout the world."