Cushman & Wakefield's Zeborg joins with FacilityPro.Cushman & Wakefield, the global real estate services firm, announced today that Zeborg, its online procurement partner, has joined with FacilityPro.com to form the commercial real estate industry's first end-to-end procurement services solution. C&W is the first real estate service firm to offer its clients this comprehensive solution. Terms of the agreement were not disclosed. Zeborg Facilities, Zeborg's real estate solution, has formed a strategic alliance with FacilityPro.com to provide customers with the first e-commerce platform designed to deliver immediate and sustainable product and service savings to companies, such as C&W's clients, in the $190 billion facilities operations market. C&W manages 325 million square feet of commercial space worldwide, including office buildings, corporate headquarters, industrial parks and shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into . "We are the only full-service commercial real estate firm to offer clients this unique end-to-end, facility related goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. procurement solution," said Tom Falus, president of C&W's Strategic Ventures Group. "Combined with Cushman & Wakefield's commercial real estate experience, domain expertise, global capabilities and the long-range planning only possible in a private company, this alliance offers our clients reduced operating costs operating costs npl → gastos mpl operacionales , improved property management personnel efficiency, and greater visibility into the complete maintenance, repair and operations Maintenance management or Maintenance, (MRO'), is fixing any sort of mechanical or electrical device should it become out of order or broken (repair) as well as performing the routine actions which keep the device in working order (maintenance) or prevent trouble (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) spend, resulting in unprecedented savings right now." FacilityPro.com, formed in 1998, currently manages the procurement for more than 404 million square feet of commercial space. Constellation Real Technologies has invested $25 million in FacilityPro.com. The online marketplace addresses the needs of property and facility managers who are seeking to maximize the profit potential of their real estate portfolio through more efficient procurement of facilities products and services. Zeborg Facilities combines the purchasing power Purchasing Power 1. The value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you'd be able to purchase. 2. of C&W's facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. operations with Zeborg's proprietary technology and procurement expertise to give corporate buyers unprecedented control of the money and resources they devote to their facilities operations. Zeborg's management team has a proven track record of saving its customers an average of 10-to-20 percent in more than 100 major indirect spending areas. The company provides sophisticated proprietary analytical tools and monitoring capabilities to generate and sustain significant cost reductions in indirect goods and services associated with facilities operations. In addition, clients receive data-rich reports on their purchasing performance to help them gain greater on-going control over their spending patterns, and in turn, their bottom line. "Our strategic alliance with Zeborg Facilities is a powerful way to bring greater benefits to our customers and new business to our companies," said Peter Dunning
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