Black & Decker, the world’s leading power-tool manufacturer, needed to engage a real estate services firm to employ and support an executive who would act as its European real estate manager. The goal was to help the corporation effectively manage the planning, acquisition and disposition of the corporation’s European real estate portfolio in support of the corporation’s strategic and operational objectives.

Challenge

• Formulate long-range strategic plans
• Identify, analyze and advocate opportunities to enhance profitability through aggressive real estate management
• Prepare annual operating plans
• Negotiate transactions across Europe

Services

• Selected top professional who is posted full-time at B&D’s European headquarters in Slough, U.K.
• This executive is supported by Colliers CRE’s corporate services real estate team in London who have worked throughout Europe
• Colliers firms throughout Europe have been engaged to perform assignments related to this account

Results

• Successfully completed sales of facilities in Spain, Italy, Switzerland and Germany (over 800,000 sf in total)
• Completion of shared service center in Ireland, rent review with major sublet tenant in HQ building as well as on industrial and service center buildings in the UK
• Completed other assignments in Sweden and Belgium

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