20
October
2009
|
00:00
Europe/London

Lexmark Selects CB Richard Ellis as EMEA Facilities Management Property Advisor

London, 21 October 2009 – CB Richard Ellis Group, Inc. (NYSE: CBG) today announced that it has been selected by Lexmark International Inc. (NYSE: LXK), a global developer, manufacturer and supplier of printing and imaging solutions, to provide facilities management services across their 500,000 sq ft EMEA sales and marketing office portfolio.

This latest appointment reflects the ongoing success of CBRE’s partnership with Lexmark which commenced in 2005 with a three-year contract to provide strategic portfolio and transaction management services across the EMEA region. In 2006 CBRE was further appointed to provide facilities management services for Lexmark’s corporate headquarters in Lexington, Kentucky. And 2008 saw the reappointment of the transaction management services contract in EMEA, which was also notably extended to include the US and Asia.

Each of these instructions highlights the success of CBRE’s previous service to Lexmark and adds to the list of high-profile appointments won by CBRE’s Global Corporate Services business this year.

Simon Ford, Director, Global Corporate Services, CBRE said: “This appointment demonstrates the strength of CBRE’s network and our ability to continue to deliver consistently to clients in a particularly competitive market. Our global reach has allowed us to align with Lexmark’s corporate strategy, providing them with a relevant skill set to produce the right results. This has led to increased space efficiency, reduced costs, improved business flexibility and enhanced operational excellence for Lexmark.”

Viv Hanstad-Pilcher, World Wide Director of Indirect Purchasing, Lexmark, said: “Since 2005, CBRE has worked closely with Lexmark, focusing the right people and the right skills to address and fine tune the targets we had set. This is achieving a real estate portfolio aligned to support Lexmark’s business and realise its corporate goals for occupancy optimisation. The growth in our relationship is a product of success facilitated by empowerment and trust in CBRE to deliver continuous improvement.”

This ongoing partnership has created very significant European rent reduction savings for Lexmark and has identified a unique and innovative opportunity to shape business strategy and drive revenues.

The strength of CBRE and Lexmark’s relationship was recognised by the industry recently when they won CoreNet Global’s award for ‘Corporate Real Estate Partner of the Year 2009’, presented at the CoreNet UK Chapter Awards.