CBRE Enhances Occupier Advisory Offering with Acquisition of NEF
06 Jan 2020
CBRE Group, Inc. today announced the acquisition of New England Fiber, Inc. (NEF), a leading telecommunications and network infrastructure advisory services firm. NEF specializes in helping occupiers optimize network deployment, providing solutions spanning network design, procurement and installation management.
Founded in 2004 in Newton, Massachusetts, NEF serves large and midsized enterprises in multiple industries and vertical markets. NEF helps occupiers implement the most efficient, resilient and cost-effective network environments. These are increasingly important factors in making real estate decisions for data centers and other technology-heavy sites as well as other traditional enterprise occupiers given the growing reliance on connectivity in the workplace.
“New technologies, such as 5G, will increase the focus of many occupiers on network capabilities when making real estate decisions,” said Whitley Collins, Global President, Advisory & Transaction Services | Occupier, CBRE. “NEF will give us the technical expertise to advise clients on network capabilities and ensure that we deliver exceptional outcomes for them across the globe.”
“We have worked hard to build a reputation as a market leader in designing and procuring network infrastructure over the past 15 years,” said Michael Murphy, President and CEO, NEF. “We are excited about the opportunity to help CBRE’s broad client base navigate the rapidly changing network infrastructure market.”
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.