CBRE has won a major contract with the British Columbia government to provide facilities and project management and related services at nearly 1,800 properties owned, leased and managed by the province.
The 17-million-square-foot real estate portfolio runs the gamut from offices and courthouses to corrections centres and warehouses. The facilities are managed through the province’s Ministry of Citizens’ Services.
“We’re excited to support the ministry in its mission of delivering efficient and effective services,” said Werner Dietl, president and CEO of CBRE Limited, in a release announcing the contract, which will take effect April 1, 2020. “We also are eager to implement the solutions we’ve developed from managing 6.1 billion square feet of facilities globally and from managing other large, prominent, public portfolios in Canada.”
The five-year contract is expected to generate about $190 million in revenue annually for CBRE. It also includes two optional, five-year renewal clauses.
Wide range of services
It calls for CBRE to provide repairs, maintenance, landscaping, janitorial and construction services at government facilities, such as courthouses, warehouses, correctional centres and government office buildings throughout the province.
“We are looking forward to this long-term partnership with the Province of British Columbia’s Real Property Division to serve the public servants and citizens of British Columbia,” said Ryan Clayton, senior managing director of CBRE’s Global Workplace Solutions business, in the release. “CBRE’s culture and foundational values promoting inclusion and supply chain diversity align extremely well with the province’s strategic objectives and guiding principles.”
The province and CBRE say they will work closely to ensure continuous service for government properties during the transition.
The Ministry’s Real Property Division is charged with providing real property services to the public sector. Through what it calls a “fair, open and collaborative procurement process,” CBRE was selected based on its high quality of service, innovation and broad range of experience.
The tender process considered factors such as environmental responsibility, best value for money, social benefits and impacts to people and businesses, a government release states.
“The goal of our bid process was to identify a service provider to deliver services that align with our key government priorities, like our Clean B.C. Government Buildings Program,” said Sunny Dhaliwal, assistant deputy minister for the ministry’s Real Property Division, in the release. “This new agreement will ensure British Columbians get the best value for money, provides social benefits to people and businesses and creates good-paying jobs while improving the condition and performance of our buildings.
“We’re confident we’ve found a strong partner with CBRE.”
About CBRE Group, Inc.
CBRE Group Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest CRE and investment firm (based on 2018 revenue). The company has more than 90,000 employees and serves real estate investors and occupiers through approximately 480 offices worldwide.
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.