CBRE has been appointed by Lloyds Banking Group to provide transactional advice across its 20m sq ft portfolio of offices and retail banks.
The property services firm has won the mandate from rival Jones Lang LaSalle, two-and-a-half years into a three-year contract.
The win will see CBRE provide corporate services for all 3,000 properties for a three-year period.
It is understood that the contract is worth around $10m a year, before transaction fees are taken into account.
Lloyds is in the process of cutting 1,600 jobs, including 300 from its property division.
bridget.oconnell@estatesgazette.com
