NEW YORK, Nov. 20, 2012 /PRNewswire/ -- Nokia Siemens Networks, the world's specialist in mobile broadband, has selected Newmark Grubb Knight Frank (NGKF) as its sole global corporate real estate supplier. Newmark Grubb Knight Frank Global Corporate Services will collaborate with the real estate team at Nokia Siemens Networks to provide industry-leading real estate solutions to meet its business needs at a competitive real estate cost. Services will include Global Account Management, Technology Integration, Transaction Management and Facilities Management in over 100 countries where Nokia Siemens Networks operates. The framework contract duration is five and half years and was signed on November 13, 2012.
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The global head of real estate for Nokia Siemens Networks, Peter Doran, commented on the comprehensive evaluation and decision process undertaken through which Newmark Grubb Knight Frank proved successful. "Newmark Grubb Knight Frank is demonstrating clear commitment by generating considerable cost savings, optimizing the supply chain and offering proven technology through its Global Corporate Services platform."
"We are extremely excited to be selected by Nokia Siemens Networks, which has a progressive philosophy and vision for its real estate," said Newmark Grubb Knight Frank Global Corporate Services Chairman Michael Ippolito.
This appointment is the most recent indicator of the contribution to Newmark Grubb Knight Frank's expansion through parent company BGC Partners, Inc.'s acquisition of the assets of Grubb & Ellis and its investment in proprietary technology and talented professionals.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the largest commercial real estate service firms in the U.S. and together with its affiliates and London-based partner Knight Frank employs over 11,000 professionals operating from more than 300 offices globally, with over 680 million square feet under management. A major force in the real estate marketplace, Newmark Grubb Knight Frank is meeting the local and global needs of tenants, owners, investors and developers worldwide. For further information, visit www.newmarkkf.com.
Newmark Grubb Knight Frank is a part of BGC Partners, Inc. (NASDAQ:BGCP), a leading global brokerage company primarily servicing the wholesale financial and real estate markets. For further information, visit www.bgcpartners.com.
Newmark Grubb Knight Frank Global Corporate Services is an integrated global platform which provides beginning-to-end corporate services solutions to clients on an international level. Operating from New York, London and Hong Kong, Newmark Grubb Knight Frank Global Corporate Services combines strategy and execution within a unified team, integrating skill sets, technology tools and analyses typically performed by various consulting, real estate, architecture, and project management organizations.
Discussion of Forward-Looking Statements by BGC Partners
Statements in this press release regarding BGC Partners' business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see BGC Partners' Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors set forth in our public filings, including our most recent Form 10-K and any updates to such risk factors contained in subsequent Form 10-Q or Form 8-K filings.
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