16.03.09
Los Angeles, March 5, 2009 – In one of the most significant global corporate real estate outsourcing contracts awarded in recent years, CB Richard Ellis Group, Inc (NYSE: CBG), or CBRE, announced today that it has been selected by Nokia (NYSE: NOK), the world\'s largest manufacturer of mobile phones, as its exclusive global strategic real estate advisor. The services that will be provided include transaction management, brokerage and lease administration. The agreement will cover Nokia\'s 20 million square foot global portfolio, encompassing over 380 properties in 60 countries across Europe, the Middle East, Africa, Asia and the Americas.
CBRE was selected by Nokia after a formal evaluation process conducted over the past half year. Recognized as one of the most innovative corporations in the world, Nokia is also well known within the real estate industry for its highly adaptive real estate portfolio and strong commitment to environmental sustainability.
Colin King, Global Real Estate Director at Nokia, said: “We are very excited about our new partnership with CB Richard Ellis’ Global Corporate Services team and look forward to working together to leverage dynamic real estate market conditions over the coming years. Their clear commitment to collaboration throughout the process, coupled with the strength and depth of their global network, was a significant differentiator for Nokia.” Matt Pullen, Head of CBRE Global Corporate Services, EMEA, said: “We are absolutely thrilled to have the opportunity to partner with Nokia in support of the development and delivery of the next generation of their corporate real estate strategy. Ensuring agile integration between a flexible real estate strategy and dynamic field execution will be paramount to success in the coming years. We believe Nokia’s approach to real estate will continue to set industry benchmarks through the unique integration of collaboration, innovation and customer engagement.”