Deutsche Bank Renews Office Management Agreement
Frankfurt-headquartered Deutsche Bank has renewed an agreement with US real estate firm CBRE for the management of its offices.
Deutsche Bank has renewed a global agreement with CBRE to provide integrated facilities management services in most markets other than Germany, Luxembourg and Italy as well as advisory and transaction services for the bank, according to a statement.
The Dallas-based real estate firm is expected to «drive significant savings for the bank and demonstrate how its expanded workplace experience offering can support enterprise organizations seeking to maximize office utilization and achieve operational excellence».
The German lender has various office-related initiatives underway including the goal of achieving net zero carbon emissions by 2050, a global workplace utilization program and improving staff's workplace experience.
15-Year Partnership
The renewal is part of a longstanding relationship between the two companies which began in 2010 with the provision of facilities management services for Deutsche Bank in select markets across Europe, the Middle East and Africa.
«The extension of our trusted partnership with CBRE will enable us to deliver greater operational efficiency and smarter office utilization across our portfolio. We have a joint ambition to create workplaces that evolve with the needs of our employees and our clients,» said Rebecca Short, Deutsche Bank’s chief operating officer.
