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TORONTO-CB Richard Ellis Group Inc. has been chosen to manage the real estate portfolio of Ontario’s provincial government. The Canadian arm of CBRE will manage current properties, upcoming projects, transactions and offer consulting services to the Ontario Realty Corp.

The decision to tap CBRE’s resources and experience came after a long process in which ORC looked into a number of different companies and possibilities. After studying the issue, ORC found it was best to put all the properties, projects and transactions under one company.

“We are enhancing the way we do business to provide leading industry practices to the Ontario government’s real estate portfolio,” says Greg Dadd, COO of ORC. “Partnering with one of the top companies in the industry, who has the expertise and a strong track record of delivering value to organizations around the globe, will allow us to take our property and land management to the next level of service performance that is on par with the best in the business.”

The size and value of the portfolio was not released.

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