CBRE wins 700,000 m² real estate services mandate from Itella Real Estate Oy (EU)

CBRE has been appointed to provide real estate services to Itella Real Estate Oy, part of the Itella Group which provides solutions for managing information and product flows in Europe and Russia.

Through the new mandate, CBRE’s Global Corporate Services and Valuation teams will deliver a range of services across Itella’s full 700,000 m² owned and leased portfolio of logistics and offices properties in Russia, Germany, Poland, Sweden, Denmark, Estonia, Latvia, Lithuania and Norway.

Helén Silverstolpe, Global Corporate Services - Nordics, CBRE, said:

“Itella is one of the most well-known corporate brands in northern and Eastern Europe, and we are committed to providing them with the highest quality real estate services platform to support their ambitions for this business. For them, we have tailor-made a team combining central management and local transaction specialists to ensure consistent best in class delivery across each of their territories. We believe our expertise in each of Itella's operational markets, coupled with our extensive international platform makes us well-placed to help the company drive greater efficiencies across their portfolio."

Marko Tulokas, the Managing Director of Itella Real Estate Oy, added:

“Following a competitive process we are delighted to announce CBRE’s appointment to provide real estate services across our extensive portfolio. As a multi-national company, we were focused on finding a partner with a substantial and experienced cross-border network able to deliver a high standard of advice and services across all our operational markets.”

Source: CBRE

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