CBRE Group, Inc. Renews Relationship with Bank of America Merrill Lynch,
with Expanded Mandate
LOS ANGELES -- February 14, 2014
CBRE Group, Inc. (NYSE:CBG) today announced that it has renewed and expanded
its relationship with Bank of America Merrill Lynch (BofAML) (NYSE: BAC), the
global financial services firm. Under the international contract, CBRE’s
Global Corporate Services (GCS) group will now provide transaction, project
and facilities management, critical engineering, portfolio and consultancy
services for BofAML across Europe, the Middle East and Africa (EMEA), Asia
Pacific (APAC) and Latin America (LATAM).
The scope of the contract has expanded to include BofAML’s operations in South
Africa and its Enterprise Services in Taiwan. CBRE now manages a portfolio for
BofAML across EMEA, APAC and LATAM that covers 4.4 million sq. ft. in 41
“Bank of America Merrill Lynch is a long-standing, key client for CBRE.
Renewing the relationship across EMEA, APAC and LATAM is exciting news and is
testament to the strength of our integrated, cross-border service offering,”
commented Mark Caskey, EMEA Head of Global Corporate Services (GCS). “We are
proud that Bank of America Merrill Lynch has extended our relationship to
include South Africa and Taiwan, as this provides us with new opportunities to
deliver expert advice and execution. We look forward to continuing our strong
partnership with Bank of America Merrill Lynch.”
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 2013 revenue). The Company has approximately
44,000 employees (excluding affiliates), and serves real estate owners,
investors and occupiers through approximately 350 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
CBRE Group, Inc.
Corporate Communications & Investor Relations
212. 984. 8267
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