London, 7 July 2009 – CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it has been selected by Nissan Europe S.A.S as its strategic property advisor for the region.
The European contract win marks an important expansion of Nissan’s relationship with CBRE in North America, where CBRE have been engaged as a full-service real estate partner since July 2007. The European contract, primarily comprising transaction and consultancy support, is the first of its kind awarded by Nissan across the European region. The contract reflects the continued growth and success of CBRE’s Corporate Services business in Europe, where earlier this year it announced other programmes with Europe-based corporates including StatoilHydro and France Telecom.
Mark Steele, General Manager G&A Controller at Nissan in Europe, said: "The appointment of CBRE is an important step in the development of our integrated global business support infrastructure. In a climate where operational efficiency is vital to success, we are committed to driving the performance of our property portfolio, taking full advantage of favorable property market conditions and maximising the value from our existing assets."
Matthew Pullen, Head of CBRE Global Corporate Services, EMEA, said: "The expansion of our global relationship with Nissan represents a great vote of confidence in CBRE’s operating platform and worldwide corporate services capability. Current market conditions represent a significant opportunity for occupiers to reduce their exposure to real estate risk and cost through leveraging a unique set of property market dynamics. Property markets globally continue to favour the occupier with falling rents and increased vacancy in many markets."
Nissan was founded in December 1932, and is among the top three Japanese automakers. As at 31 March 2008, Nissan’s global sales volume was 3.7 million units, equating to total net sales of 10,824.2 billion yen, and employed (on a consolidated basis) in excess of 180,000 employees.
About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2008 revenue). The Company has approximately 30,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis has been named a BusinessWeek 50 "best in class" company three years in a row and a Fortune 100 fastest growing company two years in a row. Please visit our website at www.cbre.com.