BMO Real Estate Partners (BMO REP), a subsidiary of real estate investments of the Bank of Montreal, representing 7.5 billion euros of assets under management, has appointed CBRE, the Property Management and the general accounting of all of its retail portfolio premium in Europe.
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CBRE Asset Services has assisted BMO REP in its real estate strategy by providing a transverse management and on-measurement of a portfolio of assets pan-european.
“Our european coordination helps ensure the quality of the delivered services and to provide the best support BMO Real Estate Partners in the management of their portfolio. “, explains Frédéric Pelège, President of CBRE Asset Services in France.
CBRE Asset Services manages a number of assets of renowned in Europe for the account of BMO REP such as the building at 15 rue de Paix in Paris, the store of Adolfo Dominguez on the famous street Paseo de Gracia in Barcelona and the building Corner in the Excelsior, one of the most prestigious department stores of Rome.
“We are excited about the mandate of innovation which includes both the property management, accounting, corporate but also the coordination of portfolio, pan-european, while respecting the requirements of the fund KVG Spezialfonds.” welcomes Ian Kelley, Director of the Europe Fund and Director France at BMO REP.
BMO REP has put in place a first investment strategy real estate pan-european, which aims to invest in businesses located in the most prestigious neighborhoods of major european cities. The company has already entered the acquisition of 5 buildings of shops in Europe representing an amount of 250 million euros on a total investment of 700 million euros.
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a company listed on the Fortune 500 and the S&P 500 having its headquarters in Los Angeles, is the largest company in the world in the area of services and investment in the real estate business (in terms of turnover for the year 2016). The Company has more than 75 000 people (excluding affiliates), and responds to the needs of owners and real estate investors as well as tenants in the whole world thanks to its network of more than 450 offices (excluding affiliates). CBRE has a consulting activity in the areas of strategy and implementation in the context of sales and real estate rental ; an activity of service to the business, management of buildings, facilities, and projects ; advice relating to loan real estate ; survey and valuation ; development ; investment management; and research and consulting. Visit our web site at www.cbre.com.
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