CB Richard Ellis tops commercial property management firms

CBRE's portfolio surpassed that of #2 firm by 850 million sq. ft.

CB Richard Ellis (CBRE) has been ranked the # 1 commercial property management firm in the world, according to National Real Estate Investor magazine. CBRE has retained the top position in the publication’s annual ranking for seven consecutive years.

CB Richard Ellis manages more than 2.5 billion sq. ft. of commercial property globally. This portfolio is more than 850 million sq. ft. larger than the #2 firm, which manages 1.65 billion sq. ft. Some of the buildings CBRE Singapore manages includes 8 Shenton Way, 78 Shenton Way, TripleOne Somerset, 16 Collyer Quay and Chevron House.

CBRE Executive Managing Director, Asia Pacific Asset Services, Sam Cuccurullo said CBRE is the leading commercial property manager in the Asia Pacific region, with 800 million sq. ft. under management.

“We have now created a global Asset Services Executive Committee and we are starting to create initiatives around strategic client accounts,” Mr Cuccurullo said.

“Going forward one of our primary targets in Asia Pacific is regional clients and premier buildings in major CBD locations.”