CB Richard Ellis has announced that it has been selected by mobile phone giant Nokia as its exclusive global strategic real estate advisor. The service will include transaction management, brokerage and lease administration services.
CB Richard Ellis has announced that it has been selected by mobile phone giant Nokia as its exclusive global strategic real estate advisor. The service will include transaction management, brokerage and lease administration services.
Describing the deal as one of the most significant global property contracts awarded in recent years, CBRE said the agreement will cover Nokia's 1.8 million m2 global portfolio, encompassing over 380 properties in 60 countries across Europe, the Middle East, Africa, Asia and the Americas.
CBRE said that it was selected by Nokia after a structured market evaluation process conducted over the past half year. Recognised as one of the most innovative corporations in the world, Nokia is also well known within the real estate industry for structuring a highly adaptive real estate portfolio and a strong commitment to environmental sustainability, the company said.
Colin King, Global Real Estate Director at Nokia, said: 'CBRE has demonstrated a clear commitment to collaboration throughout this process; we are very excited about our new partnership and working together to leverage dynamic real estate market conditions over the next number of years. Our business needs innovative business solutions, consistent high-quality execution wherever we do business and this new business platform which we are building with CBRE shows that we can deliver that wherever we operate.'
