CBRE Group, Inc. announced today that its Facilities Management service line achieved strong growth in 2014, with 32 new or expanded long-term contracts. CBRE’s facilities management client base is comprised of over 110 corporations, healthcare providers and government institutions across 105 countries. During the year, CBRE took on management responsibilities of more than 140 million sq. ft. of facilities.
“CBRE is extremely pleased to see the continued momentum in our facilities management services worldwide,” said Alex Darragh, Global Director of CBRE’s Facilities Management service line. “We have realized strong growth across our Americas, APAC and EMEA regions, as an increasing number of multinational and regional companies are experiencing the benefits of facilities management outsourcing. Most notably, the acquisition of Norland Managed Services bolstered our service offering for our EMEA business, particularly with respect to critical environments services for specialty assets like data centers and trading floors.”
The Americas region accounted for 105 million sq. ft. of the increase as CBRE added new clients or expanded business with large-portfolio clients such as CHRISTUS in 2014. The amount of facilities space managed in the Asia Pacific region grew by 20 million sq. ft. with the addition of regional clients such as Australia and New Zealand Banking Group, which is headquartered in Auckland. Our EMEA region had a strong year, increasing the amount of managed facilities by 17 million sq. ft., and attracting clients like Zoetis, a global animal health company.
Ian Entwisle, CEO of EMEA Global Corporate Services for CBRE, commented, “Facilities Management remains a very popular real estate function to outsource in EMEA. Innovation and risk management have become core parts of the attraction of the service. This means companies realize they can create competitive advantages through leveraging scale and utilizing advances in technology to create better work environments.”
In addition to the growth in new and expanded portfolios within each world region, CBRE also renewed multi-year facilities management contracts with 19 existing clients in 2014. These renewed client contracts total an additional 155 million sq. ft. of facilities that CBRE will manage over the next three to five years. CBRE’s growth in the facilities management space in 2014 brings the size of the firm’s total managed facilities portfolio to 3.5 billion sq. ft.
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 and investment firm (in terms of 2014 revenue). The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 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 website at www.cbre.com.