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CBRE wins global assignment.


CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2.  has been named preferred real estate provider to Alcan, Inc., the world's second largest producer of primary aluminum and a key supplier to market sectors including aerospace, automotive and packaging products.

CBRE CBRE CB Richard Ellis (real-estate firm)
CBRE Chemical, Biological, Radiological and Explosive
CBRE Component-Based Reliability Estimation
CBRE Coldwell Banker Richard Ellis (Boston, MA) 
 will devise, implement and oversee all transaction management activities for Alcan's non-manufacturing facilities throughout the world. Alcan, a leader in most packaging sectors, employs more than 73,000 people in 56 countries.

"After an elaborate and highly contested selection process, Alcan is extremely pleased to have selected CB Richard Ellis as our partner for global real estate transaction services. Our task over the forthcoming months will be to complete a strategic review of Alcan's property holdings in order to put in place a plan that best enhances shareholder value and operating efficiency for our divisions," said Frank Capozzolo, Director Corporate Real Estate and Insurance, Alcan, Inc.

A team of CBRE professionals from Canada, France, Switzerland and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  will collaborate to deliver real estate services to Alcan. The team is led by Montreal-based Brett Miller Brett Miller (born October 2, 1958 in Lynwood, California) is a former American football tackle who played ten seasons in the National Football League. He is now the weekend sports anchor for KTLA-TV's Prime News.  and Michele Boutet, who will act as the day-to-day Account Director, reporting directly to Mr. Capozzolo of Alcan.

Alcan, the world's second largest producer of primary aluminum, is ranked No. 1 in tobacco packaging and it is also one of the world's leading metal traders Traders

Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread.
.

With pro forma As a matter of form or for the sake of form. Used to describe accounting, financial, and other statements or conclusions based upon assumed or anticipated facts.

The phrase pro forma
 2003 revenues of US $25.7 billion, Alcan continues to strengthen its global presence in aluminum and packaging.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:from Alcan, Inc.; CB Richard Ellis Inc.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Feb 16, 2005
Words:237
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