Colliers International and CoreNet Global Announce First Service Provider Benchmarking Agreement in Corporate Real Estate Industry

Agreement Will Provide Colliers 360 With Data Services From BenchCoRE

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Oct 27, 2014, 10:34 ET

SEATTLE, Oct. 27, 2014 /PRNewswire-USNewswire/ -- Global commercial real estate services firm Colliers International today announced with CoreNet Global the first BenchCoRE-Service Provider benchmarking agreement in the corporate real estate industry. This agreement will provide Colliers 360, the dashboard and analytics technology created by Colliers, with data services from BenchCoRE, a first-of-its-kind corporate real estate benchmarking service owned by CoreNet Global.

"This groundbreaking agreement with CoreNet Global will help to better inform business decisions for our clients," said Scott Nelson, President, Corporate Solutions | Americas; President, Occupier Services | USA at Colliers International. "BenchCoRE's data will add another layer of benchmarking and insights that prior to now has been very difficult for any major occupier of real estate to relate to their specific situation."

Colliers 360 provides complete coverage for clients' corporate real estate and facilities performance management. It contains proprietary tools including proactive location scoring, transaction and project effectiveness, savings identification and strategic planning on workplace strategy, among many others. Colliers 360 is highly customizable, and integrates with any preexisting technology.

"With Colliers 360, we are always looking for ways to better service our clients with valuable data not readily available," said Chris Zlocki, Executive Managing Director | Strategy and Innovation at Colliers International. "The partnership with CoreNet Global will further our mission to be the most innovative service provider."

"We are proud to announce Colliers as our first service provider partner for BenchCoRE," said CoreNet Global CEO Angela Cain. "BenchCoRE is founded on years of research and development, and now these insights will further expand Colliers 360's insights for clients."

BenchCoRE currently has nearly 120 million square feet of space, over 3,600 global locations and includes close to 100 countries already in its database. BenchCoRE is currently working with 15 companies that are in various stages of the data collection and normalization process adding significantly to the indicated metrics.

BenchCoRE, launched in the fall of 2013 and has a total of more than thirty five (35) companies that have agreed to participate. These companies provide their real estate portfolio data to BenchCoRE. The data is then normalized using BenchCoRE's proprietary definitions and algorithms. This process ensures that data from all companies is standardized and provides actionable peer-to-peer comparisons – whether by industry, ownership status, geography, asset type and more.

ABOUT COLLIERS INTERNATIONAL
Colliers International is a global leader in commercial real estate services, with more than 15,800 professionals operating out of more than 485 offices in 63 countries. A subsidiary of FirstService Corporation, Colliers International delivers a full range of services to real estate users, owners and investors worldwide, including global corporate solutions, brokerage, property and asset management, hotel investment sales and consulting, valuation, consulting and appraisal services, mortgage banking and insightful research. The latest annual survey by the Lipsey Company ranked Colliers International as the second-most-recognized commercial real estate firm in the world.

For the latest international news from Colliers International, visit colliers.com/us/news, or follow us on Twitter: @ColliersIntl.

ABOUT CORENET GLOBAL
CoreNet Global is the world's leading association for corporate real estate (CRE) and workplace professionals, service providers and economic developers. Over 8,000 members, who include 70% of the Fortune 100 and nearly half of the Forbes Global 2000, meet locally, globally and virtually to develop networks, share knowledge, learn and thrive professionally.

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SOURCE Colliers International