DTZ and CoreNet Global Establish a Multi-Year Benchmarking Relationship
14 Apr, 2015, 10:19 ET
CHICAGO, April 14, 2015 /PRNewswire/ -- DTZ, a global leader in commercial real estate services, has partnered with CoreNet Global to incorporate the organization's unique benchmarking service, BenchCoRE, into its service offerings.
BenchCoRE is a technology-based benchmarking service that tracks corporate real estate data such as utilization, a portfolio or location's total operating cost and other metrics that allow corporate real estate professionals to chart successes compared to peer groups.
"DTZ will work to scale participation in BenchCoRE across our occupier client base and use insights provided to monitor and assess our clients' portfolio management strategies," said Greg Schementi, DTZ Head of Americas Tenant Representation.
"We are constantly looking for ways to increase access to global research and trends for our customers and client teams," said David Kamen, DTZ Head of Americas Strategic Consulting team. "In combination with DTZ's Portfolio Analytic technologies and Global Occupier Metrics toolset, this benchmarking initiative is a valuable addition to our research and consulting platform."
BenchCoRE currently has 40 companies participating with 120 million square feet of space, 3,600 global locations across 100 countries already in the benchmarking database. Company portfolio data is normalized using proprietary definitions and algorithms to ensure that data is standardized and that the benchmarks provide actionable peer-to-peer comparisons–by industry, ownership status, geography, asset type and more.
"We are pleased that DTZ, one of the industry's most prestigious and respected service providers, will benefit from BenchCoRE," said Angela Cain, CEO of CoreNet Global. "The information that DTZ uses and processes will demonstrate the power of knowledge that BenchCoRE provides."
DTZ is a global leader in commercial real estate services providing occupiers, tenants and investors around the world with a full spectrum of property solutions. The company's core capabilities include agency leasing, tenant representation, corporate and global occupier services, property management, facilities management, facilities services, capital markets, investment and asset management, valuation, research, consulting, and project and development management. DTZ provides property management for 1.9 billion square feet, or 171 million square meters, and facilities management for 1.3 billion square feet, or 124 million square meters. The company completed $63 billion in transaction volume globally in 2014 on behalf of institutional, corporate, government and private clients. Headquartered in Chicago, DTZ has more than 28,000 employees who operate across more than 260 offices in 50 countries and represent the company's culture of excellence, client advocacy, integrity and collaboration. For further information, visit: www.dtz.com or follow us on Twitter @DTZ.
About CoreNet Global
CoreNet Global is the world's leading professional association for corporate real estate (CRE) executives with strategic responsibility for the real property used by multinational corporations for their own operations. CoreNet Global's more than 9,500 members, who include 70% of the top 100 U.S. companies and nearly half of the Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally. For more information, please visit www.corenetglobal.org.
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