CBRE Group, Inc. Closes Acquisition of Atrium AS
April 18 2016 - 3:00AM
Business Wire
- Norwegian Affiliate Acquisition Further
Boosts CBRE’s Nordics Presence -
CBRE Group, Inc. (NYSE: CBG) today announced that it has closed
the acquisition of its affiliate company in Norway, Atrium AS.
Atrium was founded in 1993 and provides investment, leasing,
occupier and valuation services to local and international clients.
In 2000 Atrium became CBRE’s Norwegian affiliate and both
businesses have since successfully worked together on numerous
investment, leasing and outsourcing mandates.
John Olof Solberg, Managing Director of Atrium, will remain with
the business as head of Norway for CBRE.
Martin Samworth, CEO, EMEA, CBRE, commented:
“We are delighted to welcome our Norwegian colleagues, with whom
we have had a collaborative relationship for the last 15 years. We
have seen significantly increased demand from clients targeting
commercial real estate opportunities across the Nordics and,
building on Atrium’s exceptional reputation and client base,
together we can now enhance and expand the services we provide our
clients.”
Norway has a strong, open economy with abundant natural
resources, and enjoys one of the world’s highest living standards
with the fourth-highest GDP per capita globally. This has also
enabled the country to build the world’s third largest sovereign
wealth fund. Norway attracted a record €13.4 billion of commercial
real estate investment in 2015, overtaking Sweden at the end of the
year to become the largest Nordic property market.
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
2015 revenue). The Company has more than 70,000 employees
(excluding affiliates), and serves real estate owners, investors
and occupiers through more than 400 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 Atrium AS 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, CBRE’s ability to
successfully integrate Atrium with its existing operations in the
Nordics and across EMEA, 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, 2015. Such filings are available publicly and may be
obtained off CBRE's website at www.cbre.com or upon request from
the CBRE Investor Relations Department at
investorrelations@cbre.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20160418005141/en/
CBRERobert McGrath, 212-984-8267robert.mcgrath@cbre.com
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Aug 2024 to Sep 2024
CBRE Group, Inc. (NASDAQ:CBRE)
Historical Stock Chart
From Sep 2023 to Sep 2024