CBRE lands massive $190M-a-year contract to manage B.C. government’s real estate

Global commercial real estate firm will provide maintenance, janitorial and construction services at courthouses, correctional facilities and government buildings throughout province

As of April 2020, CBRE Ltd. will be in charge of maintaining and managing all B.C. provincial government properties, including law courts | Photo: Rob Kruyt

CBRE Ltd., a global commercial real estate firm with 480 offices worldwide, has landed a massive contract to take care of the B.C. government’s buildings, the Province of British Columbia and CBRE announced July 8.

The five-year contract, which starts in April 2020, will earn the firm $190 million a year. It also allows for two optional five-year renewals.

Under the deal, the company will provide “repairs, maintenance, landscaping, janitorial and construction services at government facilities, such as courthouses, warehouses, correctional centres and government office buildings throughout the province,” according to a press release from the province.

The province said in the release, “The tender process considered factors such as environmental responsibility, best value for money, social benefits and impacts to people and businesses.”

Sunny Dhaliwal, assistant deputy minister, Real Property Division, Ministry of Citizens’ Services, said in a statement, “The goal of our bid process was to identify a service provider to deliver services that align with our key government priorities, like our Clean BC Government Buildings Program. This new agreement will ensure British Columbians get the best value for money, provides social benefits to people and businesses, and creates good-paying jobs while improving the condition and performance of our buildings.”

Ryan Clayton, senior managing director of CBRE’s Global Workplace Solutions business, which provides commercial property management and related services, said, “We are looking forward to this long-term partnership with the Province of British Columbia’s Real Property Division to serve the public servants and citizens of British Columbia. CBRE’s culture and foundational values promoting inclusion and supply chain diversity align extremely well with the Province’s strategic objectives and guiding principles.”

Western Investor