CBRE Group has renewed its international relationship with Bank of America Merrill Lynch with an expanded mandate.
Los Angeles, February 14, 2014 - CBRE Group, Inc. (NYSE:CBG) today announced that it has renewed and expanded its relationship with Bank of America Merrill Lynch (BofAML) (NYSE: BAC), the global financial services firm. Under the international contract, CBRE's Global Corporate Services (GCS) group will now provide transaction, project and facilities management, critical engineering, portfolio and consultancy services for BofAML across Europe, the Middle East and Africa (EMEA), Asia Pacific (APAC) and Latin America (LATAM).
The scope of the contract has expanded to include BofAML's operations in South Africa and its Enterprise Services in Taiwan. CBRE now manages a portfolio for BofAML across EMEA, APAC and LATAM that covers 4.4 million sq. ft. in 41 countries.
"Bank of America Merrill Lynch is a long-standing, key client for CBRE. Renewing the relationship across EMEA, APAC and LATAM is exciting news and is testament to the strength of our integrated, cross-border service offering," commented Mark Caskey, EMEA Head of Global Corporate Services (GCS). "We are proud that Bank of America Merrill Lynch has extended our relationship to include South Africa and Taiwan, as this provides us with new opportunities to deliver expert advice and execution. We look forward to continuing our strong partnership with Bank of America Merrill Lynch."
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