CBRE Gets Green Light for GE Portfolio Renewal

LOS ANGELES-General Electric has renewed its agreement with CB Richard Ellis Inc. to provide real estate transaction management services for the company’s real estate portfolio. The portfolio comprises more than 300 million square feet and 4,700 properties in more than 100 countries.

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.