Citigroup has cut back its long list of real estate advisers for its transaction management services across Europe, the Middle East and Africa (EMEA) to three - CB Richard Ellis, Cushman & Wakefield and Knight Frank. The joint mandate covers more than 1,640 offices, call centers and retail outlets in 53 countries across EMEA totalling about 1.2 million m[sup]2[/sup].
Citigroup has cut back its long list of real estate advisers for its transaction management services across Europe, the Middle East and Africa (EMEA) to three - CB Richard Ellis, Cushman & Wakefield and Knight Frank. The joint mandate covers more than 1,640 offices, call centers and retail outlets in 53 countries across EMEA totalling about 1.2 million m2.
John Westwood, Citi head of real estate and business development for EMEA, said: 'Having previously worked with a large number of different service providers to support our transactional activity in the region, we have completed this tender process in order to select a panel of suppliers who can drive best practices across our portfolio, enabling us to improve levels of consistency and service delivery, and achieve improved economies of scale.'
