The Biggest & Best Portal to the Professional Property, Workplace and Built Environment Community

Sunday, 25 February

Acquisition Already Paying EMEA Dividends

Pfizer, the international pharmaceuticals conglomerate, has signed a new agreement with CBRE that adds 21 countries as well as R&D facilities to CBRE’s facilities management services contract across Europe, the Middle East and Africa.

The news comes just weeks after CBRE concluded a deal to buy Norland Managed Services Ltd. Although announced sooner, the acquisition was not closed until 23 December - with the statement that this: 'Enables CBRE to offer fully integrated outsourcing services in EMEA and strong capabilities in critical environment facilities management'. Norland is now part of CBRE’s Global Corporate Services (GCS) business.

CBRE manages a portfolio for Pfizer in 55 countries in the EMEA comprising 2.9 million sq ft.

CBRE is said to be the world's largest commercial property consultant working with occupiers, investors and developers of office, industrial and logistic, residential, retail and hotel property. The firm provides strategic advice and execution for property sales and leasing; tenant representation, corporate services; facilities, property and project management; appraisal and valuation; development services; investment management; energy and sustainability services; and research and consulting.

The company employs 6,950 and has 141 offices in 40 countries across EMEA. It has a total transaction value $44.6 billion and has 0.6 billion sq.ft of property and corporate facilities under management - which equates to valuation and advisory assignment for 61,775 properties. Globally, CBRE has over 300 offices and employs over 37,000 people.

Pictured: The former Pfizer site in Sandwich, UK

Article written by Brian Shillibeer


Related Articles

Prospects & Prospecting & A Little Separation

The results of the BIFM Pay and Prospects Survey 2017 have highlighted the tangible benefits that FM professionals gain from BIFM membership and qualifications, it is...

 Read Full Article
Pilgrims Choice. New At Noonan. BIFM On Counter.

British Institute of Facilities Management is offering counter terrorism advice via a Guidance Note   In its encouragement for readers to access the guidance...

 Read Full Article
Getting Sporty - Sodexo In Major Transfer Deal

Sodexo and Olympus Partners has announced (Nov 15) that Sodexo has signed an agreement to acquire Centerplate, Inc. a provider of food and beverage, merchandise and...

 Read Full Article
FM - Here Is THE News

BBC - Here is the News The Beeb will continue receiving its FM from Interserve in a £140 million contract running until 2023. This latest four-year extension to...

 Read Full Article
Squaring It With Qube

MRI Software has acquired Qube Global Software, a UK based provider of property and facilities management Solutions. The acquisition, according to MRI, extends the...

 Read Full Article
London Living Wage, Diversity and Training at Heart of TfL Plan

Transport for London has awarded a new cleaning contract to ABM UK meaning 2,800 people will be guaranteed the London Living Wage. ABM has also committed to offer...

 Read Full Article
Ground Control to Major Deal

Ground Control has strengthened its winter maintenance capabilities through the acquisition of Litter Boss, claiming the acquisition of increases nationwide economies of...

 Read Full Article
Bidvest Group Acquires Noonan

The Bidvest Group has completed an agreement with the majority shareholder in Noonan, Alchemy Partners LLP, which will see Bidvest acquire the entire shareholding in...

 Read Full Article
Lights, Camera Action - It's FM Digest time

Sodexo wins 10-year deal with Farnborough International Farnborough International Exhibition & Conference Centre has given Sodexo a 10-year contract, £30...

 Read Full Article
Charity Begins at Home

Bilfinger Industrial Services has secured a three-year contract extension with BP Chemicals Ltd worth £15 million. The multi-service deal extends a previous...

 Read Full Article