CBRE to manage 17 million sq ft BC real estate portfolio

CBRE to manage 17 million sq ft BC real estate portfolio

CBRE to manage 17 million sq ft BC real estate portfolio

CBRE will provide facilities and project management and related services for the Province of British Columbia’s colossal real estate portfolio.

The firm will work with 17 million square feet of real estate including a mix of leased, owned and managed assets, including offices, courthouses, corrections centres and warehouses.

“The goal of our bid process was to identify a service provider to deliver services that align with our key government priorities, like our Clean BC Government Buildings Program,” said Sunny Dhaliwal, Assistant Deputy Minister, Real Property Division, Ministry of Citizens’ Services. “This new agreement will ensure British Columbians get the best value for money, provides social benefits to people and businesses, and creates good-paying jobs while improving the condition and performance of our buildings. We’re confident we’ve found a strong partner with CBRE.”

Werner Dietl, President and CEO of CBRE Limited says the long-term arrangement is an exiting one for the firm, which has extensive experience of similar engagements.

“We are eager to implement the solutions we’ve developed from managing 6.1 billion square feet of facilities globally and from managing other large, prominent, public portfolios in Canada,” he said.