Citi announces that they have selected CB Richard Ellis, Cushman & Wakefield and Knight Frank to act as their three preferred real estate services advisors for transaction management services across Europe, the Middle East and Africa (EMEA).
The joint mandate for Citi's real estate network covers over 1,640 offices, call centers and retail outlets in 53 countries across EMEA totalling over 13.2 million ft².
John Westwood, Citi Head of Real Estate and Business Development for EMEA, said: "Having previously worked with a large number of different service providers to support our transactional activity in the region, we have completed this tender process in order to select a panel of suppliers who can drive best practices across our portfolio, enabling us to improve levels of consistency and service delivery, and achieve improved economies of scale."
Matthew Pullen, Executive Director of CBRE Global Corporate Services, EMEA, said: "This is an extremely significant engagement for CBRE. It builds on our established working relationship with Citi and demonstrates the strength of our experience and understanding of the objectives and challenges faced by international financial services clients. We look forward to partnering with Citi to deliver visible benefits back to their Business Units."
Guy Douetil, Partner, Cushman & Wakefield, said: "Being selected as one of three preferred advisors in EMEA is a positive step change in our long term collaboration with Citi over the past ten years and we look forward to this opportunity to use the full strength of our service offer throughout the region."
Bradley Baker, head of Global Tenant Representation, Knight Frank, said: "Having acted for Citi for over 30 years encompassing the acquisition of their initial headquarters building at Canary Wharf, we are delighted to be involved in their new strategy for EMEA."
Source: Knight Frank