CHICAGO — Chicago-based UGL Equis has been selected to manage Switzerland-based Zurich Financial Services’ North American real estate holdings totaling approximately 8.4 million square feet. With approximately 400 locations, the portfolio includes approximately 5.2 million square feet of leased space, as well as 3.2 million square feet of owned property. The properties consist primarily of office space, with a small mix of warehouse facilities. In order to fulfill its multi-year responsibility, UGL Equis will provide services for Zurich including strategic portfolio planning, transaction work, lease administration, project management and legal services. Additionally, the company will examine Zurich’s real estate holdings to help identify improved space utilization and cost savings. CB Richard Ellis will handle Zurich’s European Requirement.
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