CB Richard Ellis has been selected by American International Group (AIG) to provide facilities, project management and advisory services for the US group's global real estate occupancy portfolio. The multi-year contract with AIG, one of the world's leading insurance companies, encompasses 1.57 million m[sup]2[/sup].

CB Richard Ellis has been selected by American International Group (AIG) to provide facilities, project management and advisory services for the US group's global real estate occupancy portfolio. The multi-year contract with AIG, one of the world's leading insurance companies, encompasses 1.57 million m2.

'This partnership with CBRE will help AIG to realize significant efficiencies and cost-savings in our business operations worldwide,' said Joe Barile, AIG Senior Vice President, Global Corporate Real Estate & Client Services.

Bill Concannon, president of Global Corporate Services for CBRE, added: 'Large organizations around the world are increasingly finding they can take advantage of our global platform to improve their cost equation. We look forward to partnering with AIG's leadership team to help realize the benefits of outsourcing.'