CBRE Maintains Position as Top Commercial Real Estate Services Firm in IAOP Global Outsourcing 100 ©
June 10, 2014, Beijing – CBRE Group, Inc. (NYSE:CBG) today announced that it has been recognized as a top three outsourcing services provider in the world for 2014, and is once again the highest-ranked commercial real estate services company, according to the International Association of Outsourcing Professionals’ (IAOP) Global Outsourcing 100©. CBRE is the first commercial real estate services firm to be ranked in the top three.
The Global Outsourcing 100 ranks the top outsourcing service providers across all industries. The rankings are determined by an independent panel of judges based on characteristics such as size and growth rate, customer references, demonstrated competencies, and management capabilities. The IAOP panel credited CBRE with particular strengths in global presence, employee management and executive leadership.
“We are very proud of our continued strong performance on the IAOP ranking – the premier benchmark against which all outsourcing service providers are measured. Our number three ranking this year is testament to the success of our people in creating significant value and delivering superior results for clients around the world. We thank our clients for entrusting us with their real estate portfolios,” said Bill Concannon, CBRE’s chief executive officer of Global Corporate Services.
“CBRE’s Global Corporate Services (GCS), as described by Wall Street Journal, is ‘the world’s leading provider of real estate services to Fortune 500 companies’. In today’s competitive business environment, multinational corporations are increasingly turning to services provider like CBRE to manage their real estate portfolios. In China, our outsourcing business is built upon four aspects, occupier consulting which focuses on long term, complex portfolio or metro planning as well as advices occupiers in all aspects of workplace strategy, transaction management which covers all leasing aspects within a clients portfolio, project management which can range from a fit out of a small office all the way to a build to suit and facility management for the day to day operation of facilities,” said Helmut Weih, Executive Director, GCS, CBRE in China.
“Through our integrated service approach in China, our winning team delivers superior and measurable results for clients, that not only empower them to focus on their key business, but also provide them the optimum support for their workplace strategy by maximizing value from their real estate investment,” added Weih.
Debi Hamill, IAOP CEO, added that “the companies named on these lists have demonstrated their expertise following a rigorous, independently judged process and represent the top in the industry.”
CBRE provides a broad range of commercial real estate services on a global basis. The company was responsible for more than $223.2 billion of property sales and lease transactions in 2013, and managed more than 3.5 billion sq. ft. (including properties managed by affiliates) of commercial properties and corporate facilities as of December 31, 2013. The Company signed a record 210 long-term outsourcing contracts with occupiers in 2013, and signed another 63 in the first quarter of 2014.
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 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 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.
