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CBRE Group, Inc. (NYSE:CBRE) and Brookfield Properties have formed a strategic partnership to enhance tenant satisfaction and optimize property performance. The collaboration involves CBRE providing comprehensive property management services, including building operations, property accounting, procurement services, and enabling technology, for Brookfield Properties' 65 million square foot office portfolio in the U.S. The partnership aims to combine the strengths of both firms to improve operational efficiency and focus on strategic activities, ultimately delivering exceptional service to tenants and maximizing value for investors. CBRE's new Property Management offering, CBRE Investor Portfolio Management, will serve as the cornerstone for Brookfield Properties' business within this partnership.

Original article posted on January 17, 2024