Jones Lang LaSalle
CB Richard Ellis Absorbs Facility Move Management Services Provider
March 01, 2006
By Paul Miller, News Editor
In a move that gives CB Richard Ellis Group Inc. the opportunity to help its clients with facility move management services and Project Advantage Group Ltd. access to CB Richard Ellis' roster of corporate clients, CB Richard Ellis said this morning that it has acquired substantially all of the assets of the facility move management services provider.
Project Advantage coordinates corporations' moves to new facilities by providing on-site expertise to support the physical moves and strategic planning required for companies' reconfigurations. The Ann Arbor, Mich.-based firm has aided nearly 500 corporations in the United States, Canada and the United Kingdom.
"We had a relationship that was created through the fact that Project Advantage was working with some of our significant clients," John Davis, CB Richard Ellis Global Corporate Services' executive managing director told CPN this afternoon. "We saw how good they were at it and the acquisition is client-driven."
He noted that CB Richard Ellis' clients have been asking the firm to provide more services because they're looking for fewer and fewer providers to do more things. "Over the past 10 years," he said, "we've been building our service delivery. This was a natural add-on service to our project management and facilities management services."
Project Advantage focuses on two segments of facility move management. One is project-related moves for headquarters relocations or campus-type relocations, which are major moves. For instance, the firm is currently relocating thousands of employees from a corporation out of more than a dozen buildings into a single headquarters facility.
The other segment is when companies are already in buildings, they need churn management, in which employees move from one office to another due to corporate reorganizations. Such moves could be within the same buildings, Davis noted, and are typically made to group project teams or to free up space to be subleased.
CB Richard Ellis Absorbs Facility Move Management Services Provider
March 01, 2006
By Paul Miller, News Editor
In a move that gives CB Richard Ellis Group Inc. the opportunity to help its clients with facility move management services and Project Advantage Group Ltd. access to CB Richard Ellis' roster of corporate clients, CB Richard Ellis said this morning that it has acquired substantially all of the assets of the facility move management services provider.
Project Advantage coordinates corporations' moves to new facilities by providing on-site expertise to support the physical moves and strategic planning required for companies' reconfigurations. The Ann Arbor, Mich.-based firm has aided nearly 500 corporations in the United States, Canada and the United Kingdom.
"We had a relationship that was created through the fact that Project Advantage was working with some of our significant clients," John Davis, CB Richard Ellis Global Corporate Services' executive managing director told CPN this afternoon. "We saw how good they were at it and the acquisition is client-driven."
He noted that CB Richard Ellis' clients have been asking the firm to provide more services because they're looking for fewer and fewer providers to do more things. "Over the past 10 years," he said, "we've been building our service delivery. This was a natural add-on service to our project management and facilities management services."
Project Advantage focuses on two segments of facility move management. One is project-related moves for headquarters relocations or campus-type relocations, which are major moves. For instance, the firm is currently relocating thousands of employees from a corporation out of more than a dozen buildings into a single headquarters facility.
The other segment is when companies are already in buildings, they need churn management, in which employees move from one office to another due to corporate reorganizations. Such moves could be within the same buildings, Davis noted, and are typically made to group project teams or to free up space to be subleased.
posted by Jones Lang LaSalle NJ News Blog at 1:32 PM
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