The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
September 23, 2023
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



ETC... ETC... NEWS
Printer-friendly Version   Email an Associate
CBRE Completes Acquisition of Johnson Controls Global Workforce Solutions

9/02/15

CBRE Group Inc has acquired Johnson Controls Incs Global Workplace Solutions business, a market-leading provider of enterprise facilities management solutions for global corporations and other large occupiers of commercial real estate. Global Workplace Solutions had revenue of more than $3 bil in calendar year 2014.

This is a very exciting step for CBRE, said Bob Sulentic, the companys president and chief executive officer. It advances our strategy of delivering the highest quality, globally integrated services to major occupiers and builds our relationships with many of the worlds most prominent corporations. We are helping our clients to enhance their competitive position by aligning every aspect of how they lease, own, use and operate real estate.

Global Workplace Solutions is the largest provider of facilities management services outside the U.S., while CBREs facilities management services are weighted to the Americas. The combined service offering will provide clients with materially greater scale advantages in virtually every corner of the world.

Global Workplace Solutions has been merged with CBREs occupier outsourcing business line, and the new combined business has adopted the Global Workplace Solutions name. CBREs Global Workplace Solutions business line serves a blue-chip roster of large occupiers across a wide range of industries, particularly financial services, healthcare, industrial/manufacturing, life sciences, technology and telecommunications. CBRE will make available to these clients the full range of its occupier services, including property leasing and sales transactions, project management and construction services, technical engineering, consulting, and more.

CBREs new Global Workplace Solutions business line is led by Bill Concannon (CEO of CBREs occupier outsourcing business line prior to the acquisition) and John Murphy (formerly president of Global Workplace Solutions when it was part of JCI). Mr. Concannon serves as CEO, Global Workplace Solutions, and Mr. Murphy serves as COO, Global Workplace Solutions.

CBRE now manages approximately 5 bil sf of commercial real estate and corporate facilities around the world, including 2.3 bil sf in the Americas, 1.3 bil sf in Europe, the Middle East & Africa, and 1.4 bil sf in Asia Pacific.

In addition, CBRE and Johnson Controls have forged a 10-year strategic relationship, as previously announced. CBRE will provide Johnson Controls with a full suite of integrated corporate real estate services (including facilities management, project management and transaction services) on more than 50 mil sf of real estate. Johnson Controls has joined CBREs network of suppliers and partners, and will offer its lowest available commercial-pricing on HVAC, building automation, security, fire and related services to CBRE clients and CBRE-managed properties worldwide. The companies will also jointly fund a building innovation lab which will advance a new generation of workplace solutions to help clients attain their performance goals.






Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2023 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media