Los Angeles, CA – January 14, 2012 – (RealEstateRama) — CBRE Group, Inc. (NYSE:CBG) announced today it has signed a multi-year contracts with The Dow Chemical Company (NYSE: DOW) to expand its service offerings to include facilities management services in North America and Asia Pacific. Dow has been a client of CBRE’s since 1995.
CBRE is a preferred provider of tenant services, move and project management, portfolio administration services and transaction management for Dow’s 12.6 million sq. ft. global portfolio. Under a new contract, CBRE will now also provide Dow with additional operations management, utility and engineering services for its 6.8 million sq. ft. North American operation.
In separate agreements, Dow also assigned CBRE additional facilities management services responsibilities in Singapore and Hong Kong.
“CBRE is pleased and honored to expand our relationship with Dow,” said Bill Concannon, CEO of CBRE Global Corporate Services. “Through our close collaboration with the company’s Lab and Office Facility Management team, this partnership will continue to deliver greater operating results on a broader scale, while enabling Dow to remain focused on its core mission.”
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 firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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 Web site at www.cbre.com.