CBRE will provide asset management and lease administration services for Standard Chartered Bank. – Photo Arabianbusiness

HCM CITY (Biz Hub) — CBRE Group Inc has been appointed by Standard Chartered Bank to provide asset management and lease administration services across its commercial property portfolio.

Under the global contract, CBRE's global corporate services group will deliver transaction management, estates management, strategy and lease administration services for a portfolio of 15 million square feet in Europe, the Americas, Africa, MENAP (Middle East, North Africa and Pakistan), South Asia, ASEAN, Northeast Asia, and Greater China.

Paul Nellist, head of asset management, group CRES at Standard Chartered Bank Limited, said: "Consolidating all of our existing suppliers under the umbrella of one provider allows us to generate operating efficiencies and deliver investment capacity through a more optimised portfolio." — VNS