CBRE Group Inc and Kahua enter into a long term global agreement
CBRE Group, Inc. and Kahua enter into a long-term, global agreement
| 21 August 2017
CBRE Group, Inc. and Kahua announced today that the companies have entered into a global, strategic agreement whereby CBRE will use Kahua to manage a wide range of projects across its global client base.
“Kahua is a modern, intuitive, cloud-based solution that dramatically changes how projects are executed and managed, and holds the potential to unlock significant efficiencies, data and insights,” said Sandeep Davé, Chief Digital and Technology Officer for CBRE’s Global Workplace Solutions business.
“After careful review and testing, we determined that Kahua provides the premier global collaborative network for real estate and construction project management and plan to implement it internally and with our global customers. This relationship is another example of how CBRE, as the market leader, is bringing to bear transformative technology solutions to the corporate real estate industry.”
The Kahua Network, delivered as an Application Platform as a Service, connects CBRE with its global clients and their project teams, allowing applications, business processes and information to be shared across organisations to more effectively manage capital assets.
CBRE has made an equity investment in Kahua and will have an executive join Kahua’s Board of Directors. Through this long-term agreement, CBRE and Kahua will continue to jointly develop application technology that will address the unique needs of real estate occupiers, owners, contractors, architects and engineers operating within the project management supply chain. CBRE and Kahua are confident that leveraging the solution across the lifecycle of capital assets under CBRE management will significantly improve productivity throughout the supply chain.
The agreement brings a new form of collaboration across the entire lifecycle of capital assets and will change the way capital assets are delivered and managed. CBRE has already launched projects in The Kahua Network with clients in markets across the Americas, EMEA and APAC regions and is rapidly training over 5,000 project managers worldwide on the platform.
“CBRE is an innovative leader in our industry. We are excited to extend the Kahua Network to CBRE and their global customers,” said Scott Unger, CEO of Kahua. “Our strategic relationship with CBRE will further our mission to deliver value and productivity improvements to the real estate, design and construction industry.”
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.