Latest News and Events - Page 2 of 5

Merry Christmas and a Happy New Year!

December 23, 2020

Thank you all for your trust, cooperation and business in 2020. This year has been full of challenges and changes and for many of us this Christmas will be different.
This year we have decided to donate our regular budget of the client gifts to orphans from the SOS Children’s Villages in all three Baltic countries. Hopefully, together we could make those children’s hearts a little happier.

Only by giving you are able to receive more than you already have. /Jim Rohn/

Team CBRE Baltics wish you a Merry Christmas and a Happy, Healthy and Prosperous New Year!

Conference “Real Estate Market Trends in Latvia”

September 15, 2020

We are proud to support the first real estate sector conference this year in Latvia and invite you to participate in the long-awaited business event – the Real Estate Market Trends in Latvia Conference.

Date, time and venue:
24th September, from 9am to 4pm at the ATTA Centre, Krasta Street 60, Rīga.
– Conference language – Latvian
– Registration for the online broadcast, translated into English, is possible

At the conference, we will be discussing the development of Rīga and Latvian regions, developer priorities and additional challenges for tenants and investors in the residential and commercial property sectors. There will be an opportunity for you to express your opinion at the discussions and to ask questions of the participants on the panel, as well as to meet sector professionals from the private and public sector in person.

Further information about the conference, the topics and participants here.

Welcome to the Age of Responsive Real Estate

March 19, 2020

In the Digital Age, people, places and businesses became more interconnected than at any point in human history. Now, patterns of real estate use that have been unchanged for decades are evolving and we are entering the Age of Responsive Real Estate.

The places we rely on to sustain how we live, work and invest have an even greater importance in this time of accelerated change.

Explore 10 trends shaping real estate over the next decade in our Global Outlook 2030: https://bit.ly/2WhuD8V

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#CBRE2030 #ResponsiveRealEstate #CBREoutlook

Vilnius Office Outlook 2020-2021

Vilnius | February 25, 2020

The theme of our latest business breakfast meetup was understanding the Vilnius office leasing market. We heard some excellent ideas and insights. Thank you to Ignas Goštautas, Denis Rein, Giedrius Muliuolis from URBAN INVENTORS and Akvile Mackay from WALLESS for their great presentations.
We are looking forward to meeting all of you at the next event.

#vilnius #cbre #office

The “Commercial Real Estate Outlook for Riga 2020-2022”

Riga | February 21, 2020

What a great evening we had yesterday ar Business Garden Rīga! The “Commercial Real Estate Outlook for Riga 2020-2022” outlining trends for the coming years in office, retail, hospitality and investment drew interest from a wide range of businesses, as well as the public sector.
We want to thank all of the members of the Swedish Chamber of Commerce in Latvia (SCCL) and Norwegian Chamber of Commerce in Latvia who participated and look forward to our next meet-up!
#CBRE #realestatetrends #office #retail #hotels #riga #BusinessGarden

The fit-out of Visma Latvia new office at BusinessGarden Riga is complete

BusinessGarden Riga is your place to grow the business! We are proud to announce that the fit-out of Visma Latvia new office at BusinessGarden Riga is complete. The office with a total area of 1,500 sqm hosts 153 work stations. Several formal and informal meeting rooms and areas were created for productive meetings. The meeting rooms are equipped with high-quality glass partitions with sound insulation. There are several quiet rooms located around the office to avoid the noise from phone calls in the open-space area. Two kitchens, a break-out area and several lounge zones were also built for employees’ convenience.
Click here if you are interested to get in touch and learn more about the Business Garden – your place to grow! https://lnkd.in/dsB9cyr

#BusinessGarden #Riga #offices #placetogrow #Vastint #Visma #CBRE #Baltics

CBRE #1 Real Estate Company on Fortune’s Most Admired List for Second Consecutive Year

CBRE Group, Inc. (NYSE:CBRE) announced that it was the top-ranked real estate company on Fortune’s World’s Most Admired Company roster for the second year in a row. It is the eighth straight year that CBRE has been named a Fortune Most Admired Company.

Fortune grades companies on nine attributes related to corporate performance, based on surveys of industry participants. CBRE led the real estate sector on eight key performance attributes – financial soundness, global capabilities, innovation, long-term investment, management quality, people management, service quality, and use of corporate assets – and placed second in corporate responsibility.

“This is a key measure of corporate reputation and we are proud that our people’s strong focus on excellence in every aspect of our business has once again made us the top real estate company on Fortune’s Most Admired list,” said Bob Sulentic, president and chief executive officer of CBRE.

Drawing from a base of some 1,500 companies, Fortune evaluated 680 companies from 30 countries in determining the World’s Most Admired Companies. The real estate sector encompasses REITs, property owners, hotel and health care facility operators, residential firms and other companies. Fortune surveys board directors, executives and financial analysts to determine the individual company scores and rankings.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.

CBRE Named Top 50 Company for Environmental, Social & Governance (ESG) Matters

CBRE Group, Inc. (NYSE:CBRE) on November, 2019 has been named to the Investor’s Business Daily (IBD) list of Top 50 Best ESG Companies. CBRE is #23 and the only commercial real estate services firm on the list.
The IBD Top 50 Best ESG Companies list is comprised of companies with strong environmental, social and governance ratings from MSCI ESG Research and high IBD Composite Ratings, reflecting broad strength in earnings and share-price performance.
Earlier this year, CBRE was included in the Dow Jones Sustainability World Index (DJSI World). CBRE was also ranked #15 on Corporate Responsibility Magazine’s list of the 100 Best Corporate Citizens and was recognized as one of the Barron’s 100 Most Sustainable Companies.
“Our people are extremely focused on driving exceptional outcomes for all our stakeholders. This is fundamental to CBRE’s ongoing success and is being increasingly reflected in our robust performance on independent performance measures like the IBD ratings. We deeply appreciate everything our people do to earn these accolades,” said Bob Sulentic, CBRE’s president and chief executive officer.
More information on CBRE’s corporate responsibility initiatives can be found at www.cbre.com/responsibility.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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.

CBRE WINS THREE REAL ESTATE BRAND AWARDS

Frankfurt |June

Global property advisor CBRE has received three awards from the European Real Estate Brand Institute. CBRE topped the two lists of “Integrated Real Estate Managers Europe” and “Brokers Europe” in the Strongest Brand category and was recognized for its digitalization competence in the Strongest Growth category.

CBRE’s strong innovation capacity, broad capabilities, and talented employees with deep sector experience were all key drivers for these wins. We are particularly proud of being named Europe’s leading Integrated Real Estate Manager. The awards are confirmation of our expertise and the successful collaboration of our team.

Prof. Dr. Alexander von Erdély, CEO of CBRE Germany

CBRE’s tech and innovation capabilities were further highlighted by the additional KPI AWARD for digitalization competence, acknowledging the firm as one of Europe’s technology leaders.

We are seeing a paradigm shift with digitalization, which presents both a challenge and opportunity for the real estate sector, and business need to fully embrace this change in order to remain competitive. We are therefore delighted that the extensive progress we have made with digitalization has been recognized through the European Real Estate Brand KPI award.

Dr. Thomas Herr, EMEA Head of Digital Innovation at CBRE

Rising interest rates offset falling margins in some markets, as cost of European commercial real estate debt inches up in Q3

London | 11 December 2018

The cost of senior borrowing rose in Q3 2018 according to the latest data from global real estate advisor, CBRE. CBRE’s quarterly European debt map shows a general trend for rising costs over the quarter, driven largely by an increase in interest rates. Five year swap rates (which are used as a proxy for the interest rate component) rose in each of the 20 countries over the quarter, adding an average of 13bps to the total cost of senior debt (ranging from an 11bps increase in Switzerland to 19bps in Norway and Sweden).

As a result, the total cost of senior debt was higher on average across the whole of Europe (rising 11bps to 2.28%) and flat or higher in the four major country groupings – G7 countries (up 4bps to 2.03%), Scandinavian countries (up 14bps to 2.23%), rest of Western European countries (flat at 1.90%) and CEE countries (up 32bps to 3.06%).

A few countries bucked the trend, offsetting either partially or entirely rising swap rates with falling margins. Italy and Sweden saw senior margins fall by 10bps, while LTVs were static, so that the rise in total cost of senior debt was minimal at just 3bps.

Three countries saw the total cost of senior debt decline:

In Ireland, senior margins fell from 1.50% to 1.25%, more than offsetting a 13bps rise in the five year Euribor swap rate, so that the total cost of debt fell to 2.04%.
In Spain, borrowers of senior debt saw a double boost from both rising LTVs (from 60% to 65%) and falling margins, which in falling significantly from 1.80% to 1.25% aligns Madrid more with the likes of Berlin, Paris and London than, say, Lisbon or Rome. The total cost of debt declined from 2.26% to 1.72%.
In the UK, changes in fortunes were more nuanced and on balance probably saw little decisive shift in favour of either borrower or lender; while senior margins declined from 1.50% to 1.25%, so too did LTVs fall from 60% to 55%.

CBRE’s European Debt Map provides the latest data on commercial property lending terms in 20 countries across the continent. Updated to the end of Q3 2018, it allows lenders and borrowers to critically compare key lending parameters, such as LTV, margin, overall cost of debt and a host of risk measures.

Paul Coates, Head of Debt and Structured Finance, Europe at CBRE

We can see across the market that the depth of liquidity from lenders continues to increase, across both geography and asset classes. This competitive landscape gives borrowers the opportunity to secure favourable terms both on margins, as the data shows, but also flexibility on structure to support the clients’ business plans. The lending market continues to evolve and navigation can be supported by insightful and trusted advice to ensure the right lending package and partner can be secured. Paul Coates, Head of Debt and Structured Finance, Europe at CBRE