Coldwell Banker Commercial Affiliates LLC today announced the signing of a master franchise agreement with Senet, S.A. to bring the Coldwell Banker Commercial^® franchise system to Greece. This expansion into Greece will give Coldwell Banker Commercial a presence in 20 countries and territories worldwide.

Led by Peter Mihalos, Senet S.A. is the newest member of the Southeast Real Estate Group, a 20-year-old firm that specializes in Greek and Southeast European commercial real estate services, developments and investments.

"We are pleased to continue our international growth strategy for the Coldwell Banker Commercial organization through this strategic alliance with Senet, S.A., a leading commercial real estate operator in Greece,” said Richard W. Davidson, president and chief operating officer of Coldwell Banker Commercial Affiliates LLC.  "Peter Mihalos has proven himself to be one of his country’s most noted commercial real estate professionals. He has a long list of corporate clients and a strong vision for how the Coldwell Banker Commercial system can grow in Greece.”

“Coldwell Banker Commercial is one of the world’s most recognized real estate organizations, but more importantly the commercial platform it provides will instantly separate us from our competitors,” said Mihalos, President of the Southeast Group of Companies. “The Greek commercial real estate sector is challenged by global economic conditions and a decrease in lending and investing. This has created opportunity for us to utilize the platforms provided by the Coldwell Banker Commercial organization to raise the quality of Greek commercial real estate professionals.  Clients around the world looking for Greek operations will know and immediately trust the Coldwell Banker Commercial name.”