Los Angeles, May 4, 2015 – 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 email@example.com.