Tokyo – September 2, 2013 – CBRE announced today the completion of a major relocation and integration project for Kirin Holdings, consolidating 17 Kirin Group companies into a single office location in the Nakano district of Tokyo. Kirin Holdings selected CBRE to ensure fairness and transparency throughout the property selection process. In doing so, CBRE acted as an advisory partner, drawing from the company’s vast property data resources and experience managing complex relocations.
Kirin Holdings contracted CBRE in 2011 to manage the property selection, relocation, and consolidation of 17 Kirin operating bases, which previously were spread across 12 separate locations in Tokyo’s Chuo and Shibuya wards. The relocation involved approximately 2,800 employees. The project concluded in May 2013 with Kirin Holdings and Group companies now occupying approximately 8,000 tsubo of office space located on the 17-21 floors of Nakano Central Park South, a large newly constructed building adjacent to JR Nakano Station.
“The successful relocation of our corporate head offices to Nakano would not have been possible without the complete support that CBRE provided,” said Hiroshi Inoue, who oversaw the Relocation Project Team at Kirin Co. Ltd. “The now integrated office has helped to eliminate barriers between group companies while generating new synergies.”
“By providing seamless and simultaneous counsel for both property selection and project management, we were able to accelerate Kirin’s project timeline,” said Tetsuro Yamamoto, senior consultant of CBRE’s Office Services Brokerage team. “This coordinated approach was critical to successfully serving Kirin Holdings’ needs.“
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CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
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