CBRE sets up new property management unit

Quinlan Private and Henderson Global have selected a new unit established by CB Richard Ellis to provide pan-European property management services. Quinlan's portfolio Comprises prime retail and office properties across the region including Diagonal Mar, one of the largest shopping centres in Spain, and the Knightsbridge Estate in London.

Henderson Global Investors has picked CBRE to manage around 120 properties across a number of European countries including France, Germany, Austria and the Netherlands. The space under management totals more than 900,000-m² and includes properties such as 123 Mariahilferstraße, Vienna, and an 80,000-m² logistics warehouse in Tilburg, Netherlands, occupied by Sony Logistics Europe.

Announcing the launch of its pan-European property and asset management business, CBRE said the move was a response to increasing client demand for international property management capacities. CBRE already provides property management services in individual countries across the region.

Nigel Biggs, head of European property management, will lead the cross-border group. The heads of CBRE’s property management teams from key European countries will sit on the division's management board. Biggs commented: 'Clients are increasingly operating in multiple countries and wanting to manage their international properties through one service provider with a single point of contact, a consistent cross-border service and a network which provides coverage for all their international properties.'

'The decision to form an integrated cross-border property management service is a direct move to align ourselves with exactly what the client is looking for. There is large untapped demand from international clients for this type of capability and we plan to fill the gap in the market.'