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"CB Richard Ellis Group, Inc today announced that it has been selected by Zurich Financial Services Group to serve as its preferred provider of commercial real estate services in Europe including transaction management and strategic consulting.
The agreement will cover a 6 million sq ft (560,000 sq m) portfolio encompassing 520 offices in nine countries - Austria, Germany, Ireland, Italy, Portugal, Slovakia, Spain, Switzerland and the United Kingdom. The contract reflects the continued expansion of CBRE’s Global Corporate Services business, which added 16 new corporate accounts and expanded 16 existing corporate relationships during the first half of 2008.
Mark Smith, Zurich’s European Head of Real Estate & Facilities Management, said: "This is the first time that Zurich has contracted with a real estate service advisor in Europe. Our key objectives are to significantly drive the performance of our property portfolio, take advantage of changing market conditions throughout the region and provide our internal businesses with world class property advisory services. We are excited to embark on this journey with CB Richard Ellis." (CS della Società)
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