CBRE has been retained by CommonWealth REIT to provide property management services for the trust’s 42.9 million sq ft portfolio, which consists primarily of office buildings located throughout the United States.
As part of its business plan, CommonWealth REIT has been selling certain properties to reposition its portfolio.
The trust has been retreating from suburban office and industrial assets in favour of buying a number of high-quality assets located in central business districts.
CBRE is ranked among the top three outsourcing service providers in the world by the International Association of Outsourcing Professionals.
Corporations, government departments, healthcare providers, and other institutions are looking to CBRE for integrated real estate solutions.
The firm is expanding its client base at an impressive rate. In the first three months of 2014, it signed outsourcing contracts with 25 new clients and expanded its existing services with 24 existing ones.
CBRE will assume its new role with CommonWealth in October.
Previous Post
Dudley launches Investment Zone Incentive Scheme
