Los Angeles – July 9, 2012 – CBRE Group, Inc. (NYSE:CBG) today announced that the Company has been recognized as the #4 outsourcing services provider across all industries, and the highest-ranked real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100. CBRE is the first real estate services firm to break into the elite top 5 on IAOP’s list. The firm improved its ranking from #6 in 2011.
”Every day, in markets around the world, our outsourcing professionals work hard to help clients maximize the efficiency of their real estate and develop smart solutions to their occupancy challenges,” said Brett White, chief executive officer of CBRE. “Our strong and improving performance on IAOP’s annual ranking is testimony to their success in delivering consistently excellent service, and in setting CBRE apart from all other commercial real estate services firms.”
The Global Outsourcing 100 rankings are determined by an independent panel of judges based on size and growth rate, customer references, demonstrated competencies, and management capabilities. The IAOP panel cited CBRE’s particular strengths in customer references, third party awards and recognitions, employee management and executive leadership. Earlier this year IAOP and the Information Services Group (ISG) also honored CBRE for its leadership in corporate responsibility, with the first IAOP/ISG Global Outsourcing Social Responsibility Impact Award.
“CBRE exemplifies what excellence in outsourcing is all about," said Michael Corbett, Chairman of IAOP's Strategic Advisory Board. “Long gone are the days when outsourcing was about cutting costs. In today's world it's all about ever-more innovative customer solutions, building sustainable value, and using technology to partner across organizations in ways never before possible.”
The list ranks the top outsourcing service providers across all industries. The full list is HERE.
CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $159 billion of property sales and lease transactions in 2011, and managed more than 3.2 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2011. The Company signed a record 58 long-term outsourcing contracts during the first quarter of 2012.
About CBRE Group, Inc.
CBRE 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 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE 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. Please visit our Web site at www.cbre.com.