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CT, French firm discuss co-marketing agreement.

CT, French firm discuss co-marketing agreement

In a recent meeting, Mortimer and Mortimer Inc. Real Estate President Edward S. Mortimer came to an agreement with Mr. J. Canals, executive office manager of Groupe Moulet Immobilier of Nantes, France, to explore the co-marketing of residential real estate properties controlled by the respective firms.

Additionally Canals and Mortimer have made a commitment to work out a prospectus for Groupe Moulet Immobilier to assist Mortimer's corporate clients re-locating or opening an office or industrial facility in Western France, providing a means to construct residential housing units for these corporate clients.

Moulet will provide custom designed units to accommodate the desires of the corporate clients of Mortimer's if necessary.

This new business agreement was the outcome of a day-long panel discussion and tour organized by Mortimer and Francois Actis of the French Embassy Trade Office in New York City. Mortimer's panel made presentations to Groupe Moulet Immobilier on the past, present and future trends and conditions of the Connecticut housing marketplace, as well as cover the legal, financial, and insurance concerns a developer must address when investing in and developing residential real estate in the state of Connecticut.

Participants in the panel discussion, orchestrated by Mr. Mortimer were J. Bruce Duncan, partner, More Phillips & Duncan, Esquires; Peter H. Imbres, president, The Insurance Center of Greenwich; and D. Lawrence Ballantyne, Jr., senior vice president of Commercial Lending at Union Trust.

Following the morning panel presentation was a presentation by Groupe Moulet Immobilier on real estate development concerns when developing residential real estate in France and an area tour of residential real estate developments including Old Greenwich Gables, Old Greenwich; a variety of homes built and subdivisions completed by Mortimer and Mortimer Inc. in Greenwich; and a tour given by Steven Schacter at the Hawthorne development in Glenville (Greenwich). In these tours, Moulet was most interested in learning about the design and technical aspects of residential development, as well as how these projects were conceived and constructed.

Mortimer and Mortimer Inc. Real Estate is a fourth generation, domestic and international (residential and commercial) real estate firm, offering such services as brokerage, appraisal, market evaluations, market studies, corporate relocation, property development and more.

Groupe Moulet Immobilier is a 22-year-old real estate company responsible for the design, development, construction and marketing of over 17,000 residential housing units in Western France.

PHOTO : Edward S. Mortimer, president, Mortimer & Mortimer Inc. Real Estate highlighted the Hartford, Connecticut, area for Group Moulet Immobilier of Nantes France.
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Publication:Real Estate Weekly
Date:Aug 28, 1991
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