Under the new agreement, locally based CBRE will provide strategic transaction management services, including leasing, property sales and other transaction services throughout GE's global operations. "Efficient execution of our real estate strategy is a key element of GE's business success and CBRE's platform delivers the consistent, high quality expertise and service we require across all global regions," says Stephanie Fulbright, global director of corporate real estate for GE, in a prepared statement.

CBRE could not provide any further information to GlobeSt.com at this time. GE's portfolio includes virtually every real estate asset type from office buildings to major industrial facilities, reflecting the wide scope of the company's business activities. CBRE is also assisting GE with regional strategic planning, project management and asset monetization advisory services.

"GE's commitment is a testament to their confidence in the capabilities of our professionals and our platform to meet their needs in all their global locations," says Bill Concannon, vice chairman of global corporate services for CBRE, in the prepared statement.

Craig Hendrickson, senior managing director of CBRE's global corporate services, serves as the global relationship manager for the GE assignment, working with CBRE professionals in the Americas, Europe, the Middle East, Africa and the Asia-Pacific regions. CBRE maintains account team leadership in each region.

GE has been a longstanding client of CBRE. GE did not respond to GlobeSt.com queries by deadline.

Instant Insights /

CBRE Gets Green Light for GE Portfolio Renewal

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