CBRE partners with Stowga

CBRE is investing in Stowga, the on-line marketplace, for short term retail space as part of a deal that will make it Stowga’s strategic real estate advisory partner.

CBRE will transact ‘on demand’ and short-term logistics requirements for clients through Stowga’s platform. The use of the Stowga platform will allow landlord and occupier clients to capture additional revenue opportunities from surplus and underutilized space.

Martin Samworth, CEO, EMEA at CBRE, said; “Our strategic relationship with Stowga demonstrates CBRE’s commitment to remaining at the forefront of digital innovation and at the heart of the ‘business of retail’, which in turn provides our clients with improved flexibility, cost optimisation and a true competitive advantage.”