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Thales Group awards global real estate mandate to Cushman & Wakefield and JLL

Contract covers transaction, valuations and capital markets services

Cushman & Wakefield and JLL have been jointly appointed on a global contract to provide real estate services for Thales, a global leader in the defence, security, space, aerospace and ground transportation industries.

The mandate covers transaction management, property valuation and capital markets services in all Thales countries outside France. Thales Group reported sales of €13 billion in 2014 and has 61,000 employees across 56 countries.  Its global property portfolio exceeds 1.4 million sq m of office and industrial space.

Michael Creamer (Cushman & Wakefield), and Peter Honey and Benoît Delattre (JLL) will coordinate the various activities globally.

Michael Creamer, Head of Enterprise Sales in Cushman & Wakefield's Global Occupier Services team, said: "Thales is an extremely innovative and successful company and we are excited about working with them to execute a global real estate strategy that can deliver genuine benefits at every level of their business."

Benoît Delattre, Head of Strategic Consulting, JLL France, said: "JLL has a long, positive track record of working with large, multinational companies to help them solve their real estate challenges and bring new and innovative ideas to the table. We look forward to supporting Thales' Corporate Real Estate Department as it seeks to continue to enhance its contribution to the performance of the Group. Thales decision demonstrates a forward-looking mind set amongst companies that are recognising the benefits and efficiencies that can be achieved through proactively managing their real estate portfolios."

Steve Davies, Director, Global Real Estate Strategy for Thales commented, "Optimisation of our global real estate portfolio is a critical component of our Ambition 10 business growth & competitiveness programme. I believe that in this innovative approach -  which  will see C&W and JLL work closely together to provide a comprehensive suite of world-class services focused on delivering both significant value  to our operating companies and modern work environments for our people - we have selected two of the giants of the commercial real estate world, who have an excellent strategic, cultural and geographical fit with Thales."