Oracle, CBRE Forge Global Deal

LONDON-Software giant Oracle Corp. has selected Los Angeles-based CB Richard Ellis Group as its preferred transaction management service provider for its commercial real estate in Europe, the Middle East and Africa. Oracle operates in 50 countries with more than 3.8 million sf of holdings in 120 properties across the EMEA market.

With plans to continuing the growth and expansion of its business throughout Europe, the Middle East and Africa, Oracle had sought to establish a partnership with a veteran real estate services company. Working in CBRE’s favor were the company’s 128 offices already in the EMEA region.

The new partnership expands upon the existing relationship between Oracle and CBRE. In 2007, Oracle selected CBRE as its preferred real estate provider in North America.