CBRE REAFFIRMS ITS LEADERSHIP POSITION IN INDIA; RECORDS 20% GROWTH IN 2018
14 March 2019: Marking 25 years of its existence in the Indian market, CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm today announced the launch of its new headquarters in Gurugram. Reaffirming its leadership in the India market, the company also announced a consolidated growth rate of 20% in 2018.
Speaking during the new office launch, Anshuman Magazine, Chairman and CEO, India, South East Asia, Middle East and Africa, CBRE, said: “We start the new year with excellent momentum across all our businesses. The overall growth of 20% in India in 2018 reflects the capital investments and revenue gains we have made while enabling our employees to produce exceptional client outcomes.”
He further said, “The launch of our new headquarters is an important milestone in CBRE’s history. It focuses on the importance of people’s wellness and development with cutting edge technology that is in line with the needs of our employees & especially the millennials.”
Advisory and Transaction Services had a very successful 2018, with an impressive growth across its various verticals. CBRE’s A&T Services business has transacted over 240 million sq. ft. and provides complete and integrated solutions to clients across all real estate asset classes - Office, Retail, Residential, Industrial & Logistics and Data Centers, by adding measurable and sustainable value to their real estate portfolios. Given that demand across asset classes, growth is expected to remain high in the near term.
The Capital Markets business vertical has successfully positioned itself as an integrated capital solutions provider - offering Capital Raising, Land, HNI Advisory and Core Office Divestment Services. The business reached an all-time high in 2018 and reinforced its number one position for Capital Markets and Land for the third consecutive year in a row in India. CBRE was also ranked as the top firm for commercial real estate investment activity globally and in Asia Pacific by Real Capital Analytics (RCA). CBRE Capital Markets has advised on some of the most marquee real estate investment advisory deals in India.
CBRE’s Project Management vertical has been delivering cost- efficient and effective project solutions from ‘Concept To Completion’ with project management provided for over 600 million sq. ft. including commercial buildings, corporate greenfield campuses, built-to-suit facilities, residential developments, retail developments, research and development facilities, data centers, critical facilities, hospitals, integrated townships, educational and institutional facilities. CBRE’s focused investments into people, platform enhancements, coupled with a sustained strategy of building advantage for every client are key drivers that have led to the company’s year-on-year growth.
CBRE’s Consulting and Valuations business is a market leader in the segment and provides services across the entire real estate spectrum from conceptualization to implementation. It has undertaken extensive work, including feasibility studies, across sectors such as industrial parks, SEZs, airports, retail, office, logistics, residential, hospitality, etc. This key offerings by the group’s include feasibility studies, workplace strategy, PPP structuring, Marketing strategies, Tenancy Mix, Valuations, Risk Monitoring, Plant & Machinery Valuations, etc. The group delivers high-quality, consistent market leading services across India and has valued over 82,000 properties & consulted over 3,500 assignments across 300+ cities.
As part of Facilities and Property Management, CBRE delivers highest level of customer service and value, enabling clients to focus on their core business. By partnering with clients, the business vertical focuses to ensure safe, efficient, effective methods to improve their financial bottom line, support customer service and improve productivity across commercial, retail, residential, IT ITeS, BFSI, Corporate, Industrial manufacturing, etc. By leveraging CBRE’s extensive industry knowledge, the group enhances asset value while creating a smooth work place experience. The business vertical has over 1,500 sites under management and serviced over 420 clients.
With a capacity to accommodate the envisaged headcount of 500+ staff, the new office aligns to CBRE’s target of aggressive onboarding new hires to the tune of 3000 across India this year. The new workspace will foster collaboration, agility and enable future growth while accommodating evolving trends in our workplace whilst addressing current issues.
According to the CBRE report, “Shaping the Future of Real Estate – Millennials in India”; 85% of Indian millennials place importance on office design/layout while looking at a new job. Keeping in line with the emerging trends, the CBRE office incorporates key wellness features such as indoor air quality monitors with screens for real-time tracking of air pollutants, demand-controlled ventilation system as per requirements, provision of activated carbon filter within ventilation system and the like.
The new office is also equipped with key technological features like light and shade management system, human-centric lights, occupancy sensors and many more.
The new office located on 6th and 7th floor of DLF Square Building, Jacaranda Marg, Gurugram, will be equipped with amenities such as a quiet room, cafeteria, collaboration area. The workplace is a step forward in reinforcing CBRE’s identity of a professional services firm and a collaborative workplace.
CBRE has also executed a comprehensive strategy including change plan and engagement activities to facilitate a smooth transition of employees to a new workplace.