CBRE Appointed as Global Real Estate Advisor to DS Smith
CBRE today announces that it has been appointed as the global real estate advisor to leading sustainable packaging business DS Smith.
Through this global agreement, CBRE will provide account management, real estate strategy, portfolio services and transactions and estates management services across DS Smith’s portfolio of c500 properties across 34 countries with a total built footprint of 5.3m sqm (57.2 million square feet). The portfolio contains a mix of offices, manufacturing sites and warehouses as well as 24,000 acres of forest, located primarily in Europe and North America.
Matthew Stone, Group Property Director at DS Smith commented:
“As DS Smith moves into a period of sustained organic growth in order to delight our customers we are very pleased to be supported by CBRE. We have a clear Group Property Strategy, agreed with all parts of the business, which will see us grow our estate in a number of key markets. With over 1m sq ft currently under construction and more projects in the pipeline we will be working closely with CBRE to deliver the right platform for our business.
“After a six-month competitive selection process, we are delighted to have selected CBRE as our primary real estate adviser who will partner with us to provide strategic real estate advice.”
This is an important and exciting mandate for our business, working with a client who is experiencing significant growth and is focused on the circular economy.
Manufacturing and supply chain real estate is an asset class often managed by devolved management, rather than Corporate Real Estate but in the case of DS Smith, the team has a full internal mandate, enhancing our ability to support DS Smith in delivering transformation across the whole portfolio.
About CBRE Group, Inc:
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About DS Smith:
DS Smith is a leading provider of sustainable fibre-based packaging worldwide, which is supported by recycling and papermaking operations. It plays a central role in the value chain across sectors including e-commerce, fast moving consumer goods and industrials. Through its purpose of ‘Redefining Packaging for a Changing World’ and its Now and Next sustainability strategy, DS Smith is committed to leading the transition to the circular economy, while delivering more circular solutions for its customers and wider society – replacing problem plastics, taking carbon out of supply chains and providing innovative recycling solutions. Its bespoke box-to-box in 14 days model, design capabilities and innovation strategy sit at the heart of this response. Headquartered in London and a member of the FTSE 100, DS Smith operates in 34 countries employing around 30,000 people and is a Strategic Partner of the Ellen MacArthur Foundation. Its history can be traced back to the box-making businesses started in the 1940s by the Smith family.