Property firm claims top global position in retail sales
Property firm CBRE was named the top-ranked firm for commercial real estate investment sales globally for the seventh consecutive year, and has again claimed the top global position in retail sales, according to Real Capital Analytics (RCA).
With $17.2 billion in retail sales transactions, increasing its global market share by 270 basis points to 21.2 per cent in 2017, CBRE again claimed the top global position in retail sales in RCA’s global rankings, which are based on seller representation activity, for office, industrial, retail and apartment investment sales.
For 2017, RCA credited CBRE with 22.3 per cent of market share across all property types on a global basis—a 650 basis points lead over the nearest competitor.
“CBRE’s global footprint aligns perfectly with the migration of global capital,” said Chris Ludeman, Global president, Capital Markets, CBRE.
Ludeman said the company’s ability to coordinate all business lines effectively combine international and local expertise, and openly share information ensures that even the most complicated assignment will be executed successfully.
“Very liquid debt markets and close coordination with CBRE’s finance colleagues has also enhanced the results delivered to clients,” he said.
RCA’s report also revealed CBRE executed $62.1 billion in global office sales as seller representative, for an industry-leading market share of 23.5 per cent in 2017.
Access exclusive analysis, locked news and reports with Inside Retail Weekly. Subscribe today and get our premium print publication delivered to your door every week.
Inside Retail Polls
Steinhoff extends early creditor support twice, signalling difficulties in meeting tomorrows looming deadline. https://t.co/K7UFsLgZMQ3 hours ago