CB Richard Ellis Group (CBRE) has been selected as global real estate outsourcing provider for the Hertz corporation in Europe and North America. The nearly 3,000 locations covered include office space, reservations centers, data centers, equipment rental locations and car rental facilities. CBRE will provide a full range of integrated real estate management services, including transaction management, facility management as well as construction and project management. The agreement is the result of Hertz’s strategic initiatives aimed at cutting costs, increasing efficiency and improving operating profitability.
CB Richard Ellis Group (CBRE) has been selected as global real estate outsourcing provider for the Hertz corporation in Europe and North America. The nearly 3,000 locations covered include office space, reservations centers, data centers, equipment rental locations and car rental facilities. CBRE will provide a full range of integrated real estate management services, including transaction management, facility management as well as construction and project management. The agreement is the result of Hertz’s strategic initiatives aimed at cutting costs, increasing efficiency and improving operating profitability.
John Maher, executive managing director of global corporate services for CB Richard Ellis, commented: 'We are privileged to expand our long term domestic partnership with Hertz into a global outsourcing relationship. Our new partnership combines best-in-class Hertz and CB Richard Ellis resources into 'one team' committed to driving efficiencies for Hertz through superior real estate processes, a relentless focus on cost control, and continuous improvement.'
