Latest News and Events

Vilnius, 6 February 2018 – Robust economic growth continues to drive office demand and outpaces robust supply. In the Q4 of 2017, Vilnius market has observed 13.9% y-o-y office stock increase, which currently stands at a 631,200 sq m. In 2017, 12 new office premises with 77,000 sq m. were delivered, which is slightly less than expected due to delayed openings of some new projects. This year, the supply is expected to slow down with six upcoming projects and circa 48,100 sq m. of new floor space. However, in 2019 the completions are planned to shoot to an impressive 125,620 sq m. with 11 office developments currently in the pipeline.

Ignas Gostautas, Senior Analyst of Lithuania Research & Consulting Services at CBRE Baltics comments: “The supply ahead is impressive according to the Vilnius standards. However, the potential tenants should not expect that market will be flooded with space. It is likely that all the planned projects are going to be delivered in time. Also, circa 70% of the area on the pipeline in 2018 and 40% of the pipeline in 2019 is already pre-let. Some influx of the office supply could be expected due to current tenants freeing existing stock.”

Demand for office space in Vilnius remains strong on the back of the growing local economy and improving the global confidence in the economic environment. While vacancy rate decreased only marginally to 4.6%, most of the newly opened buildings are four-fifths occupied. Among more notable Q4 transactions were Booking.com with 4,200 sq m at Penta business centre, and Cognizant with 3,700 sq m at Link business centre. CBRE Baltics represented both transactions at the clients’ side. Overall, in 2017 modern office take-up comprised ca. 72,400 sq m.

Denis Rein, Senior Consultant of Lithuania Advisory & Transaction Services at CBRE Baltics comments: “Expansions and openings of international shared service centres remain a large demand factor. Here I would like to emphasise the important work that is being done by Invest Lithuania, which manages to convince companies into set up operations in Vilnius”.

“Additionally, other already present companies are also actively looking to enlarge or upgrade their premises, including state-owned institutions. The economic conditions are favourable for improvement and continue to support the demand”, says Mr.Rein.

Rent prices have remained relatively stable in the Vilnius office market for a relatively long period. A class rent rates are currently between 14.0 – 16.5 EUR/sq m./month with 9.0 – 13.5 EUR/sq m/month for B class office premises.

Despite relatively long-running price stability, there are indications that rent prices may go upwards. Tight vacancies in the upcoming quarters and relatively more expensive projects on the pipeline establish good conditions for rent price increase, notes Mr.Rein.

About CBRE Baltics

CPB Real Estate Services is part of the CBRE affiliate network in the Baltics. CBRE is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).

The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through circa 450 offices (excluding affiliates) worldwide.

CBRE Baltics offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting and property sales. Please visit our website at www.cbre.lt and www.cbre.eu.

CONTACTS:

Ignas Goštautas | Senior Analyst

CBRE Baltics | Research & Consulting

M +370 694 88318

ignas.gostautas@cbre.lt

Denis Rein | Senior Consultant

CBRE Baltics | Advisory & Transaction Services

M: +370 698 51 716  |  M:  +44 770 6563 160

denis.rein@cbre.lt

Vineta Vigupe | Director

CBRE Baltics | Research & Consulting

M +371 291 62408

vineta.vigupe@cbre.lv

LOS ANGELES – Jan. 25, 2018 – CBRE Group, Inc. (NYSE:CBG) has been named to the 2018 America’s Best Employers For Diversity list by Forbes. The company earned a #45 ranking on the list of 250 organizations and is the only commercial real estate company to receive this honor.

The Forbes ranking is the result of employee responses to surveys that asked about diversity, gender, ethnicity, sexual orientation, age and disability. Other factors considered were the gender split of management teams and boards, and the company’s proactive communication about diversity.

“CBRE prides itself on creating a work environment that supports all of our employees and values the differences of each individual,” said Bobby Griffin, Vice President of Diversity and Inclusion for the Americas at CBRE. “We are honored to be named to this list and we will continue our efforts to celebrate the unique qualities that our employees bring to our company.”

Forbes and the research firm Statista surveyed 30,000 U.S. employees in companies that have at least 1,000 employees.

Click here to review the full list on forbes.com.

In December 2017, FORTUNE magazine also named CBRE one of the best U.S. workplaces for diversity.

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 2017 revenue). The company has approximately 75,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 450 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.

Los Angeles – January 22, 2018 –CBRE Group, Inc. (NYSE:CBG) today announced that Fortune magazine has named the company a World’s Most Admired Company in the real estate industry for the sixth consecutive year.

Fortune rates companies on nine attributes related to corporate performance. In 2018, CBRE was ranked second overall in the real estate sector (behind only Host Hotels & Resorts) and was among the top three companies on all nine attributes, including global competitiveness, people management, financial strength and long-term investment.

“Our continued recognition as a Fortune Most Admired Company reflects our people’s deep commitment to excellence and producing great outcomes for our clients every day.  We are very proud of their accomplishments,” said Bob Sulentic, president and chief executive officer of CBRE.

Drawing from a base of some 1,500 companies, Fortune evaluated 680 companies from 29 countries in determining the Most Admired Companies. Fortune surveys board directors, executives and financial analysts to determine the rankings.

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 (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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 360 Delivers Integrated Services, Amenities and Technologies to Create Customized Workplace Solutions

Andrew Kupiec, Top North America Executive at Zipcar, Joins CBRE

Los Angeles, January 10, 2018– CBRE Group, Inc. (NYSE:CBG) today launched a new global capability, called CBRE 360, focused on delivering enhanced employee experiences in the workplace. The capability will help property investors and occupiers create customized workplace solutions by integrating property services and amenities with advanced digital technologies.

CBRE 360 leverages CBRE’s market-leading strengths in workplace strategy and occupancy planning, design and build-out, and property and facilities management, with its growing technology capabilities. CBRE 360 will be embedded within major CBRE business lines, including Global Workplace Solutions, Asset Services and Advisory & Transaction Services, and can be customized to reflect each client’s unique culture and workplace requirements.

The services offered through CBRE 360 are powered by an industry-leading digital offering. Users will have the opportunity to experience seamless, single-point access to building amenities and services through CBRE’s proprietary mobile applications, which are built upon a secure, scalable, plug-and-play technology platform. The CBRE 360 mobile apps will allow users to locate colleagues and navigate the workplace, reserve workspaces, access food& beverage services as well as basic building and high-end concierge services, among many other activities. The technology will offer client-specific branding for property occupiers and investors that desire it.

“CBRE 360 will help our clients create destinations of choice,” said Mike Lafitte, Global Group President at CBRE. “Professional and personal lives are continuing to converge and higher expectations are being set for the workplace. In light of this, CBRE 360 will help our clients reimagine the delivery of property services, amenities and enablement technologies to attract and retain top talent and foster collaboration and productivity.”

Andrew Kupiec, a top executive who led the North American operations at Zipcar, the world’s largest car sharing and urban mobility company, has joined CBRE as Global President – CBRE 360. “Technology, demographics and rapidly evolving employee preferences are driving the transformation of the workplace,” said Mr. Kupiec. “As the world’s largest commercial real estate company, CBRE is very well positioned to guide clients through this radically changing world of work. I am excited to be part of the CBRE team and look forward to working with our new colleagues to develop and implement ground-breaking solutions for our clients.”

CBRE 360 is a natural evolution for CBRE’s business. It builds on the company’s industry-leading expertise in workplace solutions and its management of more than 5 billion sq. ft. of space for premier corporations and property investors worldwide. It also leverages CBRE’s considerable experience with its own Workplace360 (free-address, tech-enabled, collaboration-enhancing offices) initiative, which has driven higher employee engagement and efficiency gains at more than 60 CBRE global offices since its launch in 2013.

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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.

Forward-Looking Statements
Certain of the statements in this release regarding the services offered through CBRE 360 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. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successful integrate CBRE 360 within major CBRE business lines, customer adoption of the services offered by CBRE 360, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we 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 other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016 and our Form 10-Q for the quarter ended September 30, 2017. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.

For further information:

Robert McGrath
Media Relations
212.984.8267
robert.mcgrath@cbre.com

Brad Burke
Investor Relations
215-921-7436
brad.burke@cbre.com

The retail industry is rewriting the laws of physics. Change is coming at an ever faster rate each year and 2030 will be upon us before we know it. Explore the future of retail 2030 insights.

Vilnius, 30 November 2017 – 2017 is set to be one of the most active in the last ten years for the Lithuanian office market according to many parameters. It is anticipated that by the end of 2017 total office stock in Vilnius should increase by 14 new office premises or 89,400 sq m of new floor space. This figure could have been even higher were it not for the delayed openings of some projects. In 2018, the pace of new supply will slow, yet remain strong by Vilnius’ standards with 5 upcoming projects totalling approximately 40,600 sq m of new floor space. More than half of the new space is going to be A class office premises. The office space in Kaunas is planned to almost double in the next two years from the current 87,600 sq m to 183,900 sq m. At least 65,200 sq m of these new developments are going to be A class offices.

“The stocks of A class offices are expanding slightly more when compared to B class offices, which is welcoming, as currently there is a lack of sufficient available prime office space to meet the needs of the potential occupiers. A further low vacancy level for A class offices in Vilnius could damage investment, as companies consider other locations for quick expansion. The situation in Kaunas is even worse because the city is almost devoid of prime offices. Luckily, the situation in the second largest Lithuanian city is set to change. The first significant A class office projects are to be completed early next year. However, the Kaunas office market is much smaller when compared to Vilnius and its rapid expansion makes it relatively volatile,” Ignas Goštautas, Market Analyst of Lithuania Research and Consultancy at CBRE Baltics comments.

The demand for office space in Vilnius remains high. This year office take-up amounted to more than 68,100 sq m. The majority of office take-up was for the yet to be built offices.

Denis Rein, Senior Consultant of Lithuania Advisory & Transaction Services at CBRE Baltics comments: “The expansion of existing foreign-owned Shared Service Centers and IT companies has been leading the demand growth in both cities. Furthermore, some local companies have moved to newer premises or have been consolidating their scattered employees under a single roof. Additionally, economic growth and a positive outlook have stimulated the hiring process and the numbers of private sector employees in IT, finance, real estate and administrative activities, which are the main office occupiers, went up”.

Rent prices have remained unchanged in the Vilnius office market for over a year now. A class rent rates are currently between 14.0 – 16.5 EUR/sq m/month with 9.0 – 13.5 EUR/sq m/month for Class B office premises. A high level of demand was in line with high supply, which led to a stable vacancy rate of around 5% in Vilnius. In Kaunas, the rent prices vary from 11.0 to 14.5 EUR for A class offices and from 7.0 to 11.0 EUR for B class office premises. The vacancy rate is marginally higher, yet still at a low level of around 7.75%.

“Overall, a few vacancies have helped to keep rent prices at the current level. Yet, the presence of well-known international and local companies is highly appreciated by office developers, consequently the actual rental rates in pre-lease agreements are usually lower. The market is observing increasing new office supply, which creates a downward pressure on the level of asking rents, especially for lower quality offices. The temporary lack of prime offices has been somewhat substituted by available space in Class B projects. However, once prime office facilities become more available, the market should expect some tenant movement in order to upgrade their current office premises,” Ignas Goštautas comments.

About CBRE Baltics

CPB Real Estate Services is part of the CBRE affiliate network in the Baltics. CBRE is the world’s largest commercial real estate services and investment firm (based on 2016 revenue).
The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide.

CBRE Baltics offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting and property sales. Please visit our website at www.cbre.lt and www.cbre.eu.

CONTACTS:

Ignas Goštautas | Senior Analyst
Lithuania | Research & Consulting
M +370 694 88318
ignas.gostautas@cbre.lt

Vineta Vigupe | Director
CBRE Baltics | Research & Consulting
M +371 291 62408
vineta.vigupe@cbre.lv

London, 29 November 2017

CBRE Reveals Insights That Will Shape the Retail Sector by 2030

Shopping Centres of the future will become just ‘centres’ and will reinvent themselves as mixed-use destinations. Healthcare, educational and leisure facilities will all become a fundamental part of the shopping centre, according to new insights from the Future of Retail 2030, by the world’s leading real estate services firm, CBRE.

Shopping centre landlords and developers will increasingly start to focus on delivering what consumers want and where they want it and will begin to create integrated communities in which to live, work and shop.

CBRE also foresee that the focus of the traditional fueling stations will change as they become important mini-logistic hubs as sites of fuel retailers will make ideal locations for collection points for online shoppers. Ownership of electric and hydrogen-powered vehicles will also become more common and there will be an increased need for fast-charging points, this is especially true for city dwellers without access to a designated parking space or charging point at home.

Andrew Phipps, Head of UK & EMEA Retail Research at CBRE, commented: “It’s all about change. The roles of the shopping centre, of the fuel station, and of retail itself.  The speed of change may catch some people unexpectedly, as the mindset and requirements of the consumer will evolve more quickly than the industry can adapt.  This means that investors and occupiers need to prepare and be ahead of the changing trends and not wait to adopt them as they happen.”

CBRE’s Future of Retail 2030 examines 40 “futurist” insights on how the world of retail will change in the future – amid changes in consumers ‘lifestyles, urban environments, retail operations, logistics and other trends affecting the industry.

Other insights outlined by CBRE include:

Smartphones will no longer exist but mobile commerce will grow

As the technology of augmented and virtual reality matures there will be a decrease in the overall dependency on smartphones. Instead smaller and wearable gadgets will connect people to the Internet of Things and will provide access to most information and services. Retailers and landlords will need to prepare to provide digitally enabled environments that can leverage consumers’ connectivity. These environments will need to complement, not compete with consumers’ digital access.

Independent stores and F&B operators will be more prevalent

Retail destinations will feature unique offerings curated towards the local catchment. Retail chains will recognise the opportunities that exist and will begin to further develop ‘local’ concepts and brand names to give the appearance of independence.

The in-store check-out desk will be replaced by faster cashless ways to pay

Many retailers have already taken away the physical check-out desk and this is likely to continue as technology will play an increasingly important role as an enabler of retail sales. This will result in a reduction in the number of retail assistants required in this part of the consumer journey.

Fitting rooms will help as opposed to hinder the shopping experience

Technology will allow customers to try on an outfit in a virtual environment and show items already owned in combination with the item being considered to buy. Fitting room technology will also allow the customer to request a different size or style via touchscreen. This will negate the need to leave the fitting room.

The number of wellness establishments will grow

The ‘Instagram generation’ will continue to evolve and will have an even greater ‘need’ to look and feel good. Fitness centres will become commonplaces in malls, urban areas and in new-build residential properties.

Retail will be leisure

As stores become showrooms, in-store leisure elements will dramatically increase. The divide between retail and leisure will become blurred as retail brands address the need for an experience in their store.

To learn more about CBRE’s Future of Retail 2030 go to: www.cbre.com/futureofretail2030

Los Angeles, September 12, 2017 

CBRE GROUP, INC. earns place on Dow Jones Sustainability Index for fourth consecutive year

CBRE Group, Inc. (NYSE:CBG) today announced that it has been included on the Dow Jones Sustainability Index (DJSI) North America for the fourth year in a row. This prestigious index recognizes corporations that demonstrate leadership in environmental, social and governance performance.
The 600 largest North American companies of the S&P Global Broad Market Index were invited to participate in the RobecoSAM Corporate Sustainability Assessment. Of these, 25 percent were included in DJSI North America.

“We are proud to be named to the Dow Jones Sustainability Index for the fourth straight year,”

said Bob Sulentic, CBRE’s president and chief executive officer.

“We are focused on continuous improvement of our own corporate responsibility performance while producing great outcomes for our clients.”

Additionally, CBRE remained a constituent of the FTSE4Good Index following the June 2017 index review, and has been a part of FTSE4Good since 2014. In early 2017, CBRE was named a World’s Most Ethical Company by The Ethisphere Institute for the fourth consecutive year and received an EPA ENERGY STAR® Partner of The Year — Sustained Excellence Award, the tenth consecutive year of EPA recognition.

More information on corporate responsibility at CBRE can be found at www.cbre.com/responsibility.

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 (based on 2016 revenue).  The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.

Contact:
Robert McGrath
212.984.8267
Robert.McGrath@cbre.com

London, 09 August 2017

Spain dominates European hotel investment market reaching over €2 billion in H1 2017

European hotel investment transaction volumes totalled €9 billion in the first half (H1) of 2017 representing an increase of 6% year-on-year, according to the latest data from global commercial property advisor, CBRE.

Spain has experienced an exceptional increase in hotel investment transaction levels which witnessed investment volumes soaring by 228% year-on-year and reaching over €2 billion for H1 2017, compared to the same period in the previous year. The strong market performance has been largely driven by Spain’s economic recovery, attractive asset pricing and availability, which is making Spain the most liquid hotel market in Q2 2017.

CBRE Hotels recently advised Starmel, a JV between Starwood Capital and Meliá Hotels International, on the sale of a major Spanish hotel portfolio, consisting of four Sol by Meliá branded assets in Ibiza, Mallorca, Lanzarote and Costa del Sol. This is one of the largest portfolio transactions in the history of the Spanish hotel market.

Miguel Casas, Director, Investment Properties, CBRE Hotels, Spain, said:

“This transaction is a sign of the strength of interest that CBRE Hotels is seeing for European resort assets from a range of capital sources. The diversity of the buyer pool was a clear indication of the maturity and confidence of continued growth in these markets in the eyes of the global investor community.”

Security concerns in competing leisure destinations have also contributed to a record-breaking number of visitors to Spain, recording 36.3 million tourist arrivals in H1 2017, an increase of 12% year-on-year.
Italy and the Nordics also recorded strong hotel investment growth with Italy posting a 59% increase with deals amounting to over €700 million and the Nordics reached an 57% increase in H1 2017. Meanwhile, the UK and Germany witnessed a decline in investment volumes (-9% and -10% respectively) which is mainly attributed to a shortage of stock and large portfolio transactions in H1 2016, which set the bar particularly high for comparison purposes. However, strong investment appetite persists in both markets.
Catherine Latzenhofer, Analyst, CBRE Hotels, EMEA, added:

“The 2016 hotel investment volume, whilst relatively high, experienced the headwinds of political and economic uncertainty and some questioned whether the investment market had reached a peak. However, a strong H1 2017 would suggest that growth has resumed, partly driven by portfolios, and 2017 is shaping up to be a busy year”.

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 (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.