CB Richard Ellis (CBRE), a global property consultant that has facilitated much real estate business in Bangalore, has debuted on the Fortune 1000 list at No. 676. |
Fortune magazine has placed CBRE in the 'Diversified Financials' category along with General Electric, American Express and Countrywide Financial. |
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"In this group, CB Richard Ellis is ranked eighth and is the only real estate services firm on the Fortune 1000 list," said Ram T Chandnani, head-south India operations. |
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In 2004, the company posted service revenues of $2.4 billion and completed over 41,600 sale and lease assignments, with a consideration value of over $127.1 billion. |
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In India, the company headed by Anshuman Magazine, managing director of CB Richard Ellis - South Asia has transacted over 50 lakh sq ft and manages portfolio of over 1.7 crore sq ft including two of the most prestigious IT Parks in the country. |
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Under the project management commenced two years ago, the company has completed over 20 lakh sq ft of construction and fit out management. |
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In addition, the company has been involved in advisory assignments, since economic liberalisation started in India, including the privatisation exercise of four international airports in the metros and a portfolio of 26 India Tourism Development Corporation hotel properties. |
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In Bangalore, the company has completed transactions in leasing and sales to the tune of over 35 lakh sq ft. |
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"Prominent clients we have serviced in 2004 are Network Associates, Network Appliances, Hewlett Packard, Intel, Cisco, Sun Microsystems, Hughes Software Systems," said Chandnani. |
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Some 10 lakh sq ft of space has been completed and managed by CBRE's project management team in Bangalore City, last fiscal, he said. |
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