Los Angeles, 4 June 2014 – 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.
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
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 at www.cbre.com.
About IAOP
The International Association of Outsourcing Professionals® (IAOP®) is the global, standard-setting association and advocate for outsourcing professionals and the organizations they support. With more than 120,000 members and affiliates worldwide, IAOP helps companies increase their outsourcing success rate, improve their outsourcing ROI, and expand the opportunities for outsourcing across their businesses. To learn more, visit http://www.IAOP.org.
