Company Website:
http://www.cbre.com
LOS ANGELES -- (Business Wire)
CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired CBRE |
Columbia, a commercial real estate services firm that has served as
CBRE’s affiliate in Columbia, SC since 1996.
With the acquisition of its Columbia affiliate, CBRE has now brought
together all of its operations throughout South Carolina into a single,
integrated, corporate-owned platform. In the past 18 months, CBRE has
acquired all three of its now former affiliates in South Carolina:
Columbia (May 2015), Greenville (January 2014) and Charleston (October
2013). The combined operations will enhance CBRE’s ability to meet the
needs of investors and occupiers across the state.
CBRE | Columbia is one of the region’s leading providers of brokerage
and property management services and has a staff of more than 20
professionals.
“The CBRE | Columbia professionals are some of the leading
client-service professionals in their market, and we look forward to
enhancing our collaboration with them to build advantage for our
clients,” said Steve Smith, managing director, South Carolina, CBRE. “We
see significant growth opportunities in South Carolina, and our
Columbia-area operations will realize significant positive synergies
with our other offices throughout the Southeast.”
Columbia, the largest city in South Carolina, houses the state capital
and is home to the University of South Carolina. The area has a
diversified economy and a number of recent urban redevelopment projects
have led to a revitalization of the city’s downtown area.
“Our acquisition by CBRE is the completion of a long range goal and is a
great fit strategically and culturally,” said Martin Moore, managing
principal at CBRE | Columbia. “Fully integrating into CBRE’s premier
global platform will allow us to meet a broader range of needs for our
clients from Columbia and around the world.”
CBRE Columbia principals Stan Harpe, Ben Brantley and Martin Moore will
join the Company as well as senior professionals Ansel Bunch, Aaron
Dupree, Sandra Johnson, Jonathan Harvey and Amy Stuck.
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 (in terms of 2014 revenue). The
Company has more than 52,000 employees (excluding affiliates), and
serves real estate owners, investors and occupiers through more than 370
offices (excluding affiliates) worldwide. CBRE offers strategic advice
and execution for property sales and leasing; corporate services;
property, facilities and project management; mortgage banking; appraisal
and valuation; development services; investment management; and research
and consulting. Please visit our website at www.cbre.com.
“Safe Harbor” Statement Under the U.S. Private Securities Litigation
Reform Act of 1995
Certain of the statements in this release regarding the acquisition of
CBRE | Columbia that do not concern purely historical data are
forward-looking statements within the meaning of the ''safe harbor''
provisions of the U.S. Private Securities Litigation Reform Act of 1995.
These forward-looking statements involve risks and uncertainties,
including, but not limited to, the ability of the parties to
successfully integrate CBRE | Columbia with CBRE’s existing operations,
as well as other risks and uncertainties discussed in CBRE’s filings
with the U.S. Securities and Exchange Commission (SEC). Any
forward-looking statements speak only as of the date of this release
and, except to the extent required by applicable securities laws, CBRE
expressly disclaims any obligation to update or revise any of them to
reflect actual results, any changes in expectations or any change in
events. If CBRE does update one or more forward-looking statements, no
inference should be drawn that it will make additional updates with
respect to those or other forward-looking statements. For additional
information concerning factors that may cause actual results to differ
from those anticipated in the forward-looking statements, and risks to
CBRE’s business in general, please refer to CBRE’s SEC filings,
including its Annual Report on Form 10-K for the fiscal year ended
December 31, 2014 . Such filings are available publicly and may be
obtained off the Company's website at www.cbre.com
or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.
Contacts:
CBRE Group, Inc.
Steve Iaco, 212-984-6535
Investor Relations
or
Robert
McGrath, 212-984-8267
Corporate Communications
Source: CBRE Group, Inc.
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