BT has appointed Colliers International as its global real estate services provider to support the management of its worldwide property interests. Colliers International’s Corporate Solutions team will act on over 1,200 property interests across the world, excluding the UK and Irish Republic properties, having previously provided services to BT across the Americas region. The contract is set for a period of three years.
Roger Barr, Head of Global Real Estate for BT, said Colliers International will provide transaction and lease administration support to the small in house BT real estate team for some 1,200 of BT’s property interests across the world, with the exception of those in the UK and Irish Republic.
He explained: “We were impressed with Colliers strategic thinking, best in class tools, cultural alignment with our team, global reach and felt Colliers would be a good partner in our efforts to implement a more dynamic, cost effective and flexible global property portfolio.”
The contract includes the provision by Colliers of a full range of services, including global property portfolio strategy, business intelligence technology, lease administration and transaction management. Roger added: “We are convinced Colliers strategic approach, and the expertise it can offer in each of the 170 countries in which we operate, will add tremendous value to our company.”
Guy Douetil, Managing Director for Colliers Corporate Solutions, said winning BT’s global mandate is a fantastic opportunity for Colliers. “Our global team is eager to get started,” he said.
Source: Colliers International