27-06-2008 :
CB Richard Ellis Opens New Office in Shenyang to Further Enhance Capabilities in Greater China
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CB Richard Ellis announced today that it has opened a new office in Shenyang, Liaoning Province. This new office in Shenyang represents the fifteenth full service office operated by CB Richard Ellis in Greater China and forms part of the strategic expansion of the company in both the fast growing Northern China region as well as in Greater China as a whole. The opening of this additional office in Shenyang will also allow CB Richard Ellis to better serve the real estate needs of both domestic and international developers, investors and occupiers in China going forward.
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28-05-2008 :
London Remains World’s Most Expensive Office Market; Rapidly-Rising Moscow Jumps to Second Place
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London’s West End is once again the world’s most expensive office market, while rapidly-rising Moscow climbed to second place, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global Market Rents survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended March 31, 2008. Tokyo’s Inner Central Five Wards, Mumbai’s Nariman Point and Tokyo’s Outer Central Five Wards rounded out the top five most expensive markets.
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02-05-2008 :
Prime Office Rentals Continue to Face Upward Pressure
amid Ongoing Supply Squeeze
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An ongoing supply crunch continued to exert upward pressure on rentals in most Asian office markets during the first quarter of 2008. According to CBRE Research, the majority of the 16 cities covered in the quarterly Asian Office Market Flash have recorded vacancy levels below 5% for four or more quarters, and fresh supply is expected to be limited over the remainder of 2008.
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21-02-2008 :
IAOP Again Names CB Richard Ellis Top Outsourcing Provider
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The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. to The 2008 Global Outsourcing 100 for the second straight year. The list recognizes the world’s best outsourcing providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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20-02-2008 :
Overall Demand for Office Space in Asia Remains Robust,
with Grade A Office Markets Buoyant in Key CBDs
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Asian office markets maintained their positive momentum during the fourth quarter of 2007. Prime office vacancy remained extremely tight across much of Asia, hovering at or below 4% in Hong Kong, Singapore, Tokyo, Seoul, Ho Chi Minh City, Manila and key CBDs in India, including Bangalore, Mumbai and New Delhi. Strong demand and tight supply in prime locations continued to drive up prime office rents, with Singapore and New Delhi posting q-o-q rental growth of over 15%.
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25-01-2008 :
CB Richard Ellis Group, INC. Appoints Global Chief Economist
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CB Richard Ellis Group, Inc. (CBRE) today announced that Raymond Torto, Ph. D., one of commercial real estate’s most renowned economists and forecasters, has been named the company’s Global Chief Economist. In this newly created position, Dr. Torto will direct CBRE’s worldwide team of commercial real estate market analysts and will serve as the firm’s primary spokesperson on macro economic issues and the global commercial real estate market.
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22-01-2008 :
The Hong Kong Property Market Yearly Review & Forecast
We’ve Only Just Begun
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2007 was a dramatic year for the Hong Kong economy, the pace of growth accelerating as the year progressed. Domestic demand continued to play an important role in the economic upturn, as private consumption and investment expenditure continued to increase, while overseas players, including new entrants from the Middle East and Southeast Asia, pursued investment opportunities in Hong Kong.
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18-12-2007 :
CB Richard Ellis Enhances Greater China Platform with
New Office Presence in Wuhan
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CB Richard Ellis announced today that it has opened a new office in Wuhan, Central China. This new office in Wuhan will be the fourteenth full service office operated by CB Richard Ellis in Greater China and represents a further component of the strategic expansion of the company in both the fast growing Central China region as well as in Greater China as a whole. The establishment of a presence in Wuhan will also allow CB Richard Ellis to better meet the growing real estate needs of domestic and international developers, investors and occupiers as they expand into new markets in Central China.
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05-12-2007 :
CB Richard Ellis Positioned for Further Growth in Greater China
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CB Richard Ellis recently held briefings in Beijing and Shanghai within which it outlined the broad strategy the company intends to adopt as it positions itself for further growth within Greater China in 2008. In line with this strategy, the company also announced a number of key appointments as well as the establishment of several additional business lines. CB Richard Ellis stated that, with the implementation of these initiatives, the company will be well placed to better respond to the needs of clients in the increasingly competitive real estate market environment across Greater China.
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30-11-2007 :
Overall demand for office space in Asia remain robust
Supply of Grade A office space remain tight in key CBD areas
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Asian office markets generally sustained their positive momentum in the third quarter of 2007. Supply of Grade A office space remained tight in the CBD areas of Hong Kong, Singapore and Ho Chi Minh City, with vacancy rates hovering at 5% or lower. Overall demand for office space in Asia’s major commercial centres remained robust, with demand from expanding local businesses and non-finance related occupiers increasingly significant in many Asian markets. Prime office rents did not change significantly over the preceding quarter in major Asian cities, although some upward pressure was seen in quality buildings in prime locations. Notably, Philippines and Singapore led the entire Asian market by posting over 15% rental growth over the preceding quarter.
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30-11-2007 :
Despite global stock market volatility
Foreign investors not scale back Asian real estate investment activity
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Since July 2007, the U.S. sub-prime mortgage problems and the increases in credit spreads over government bonds have triggered concerns about a global credit crunch, and caused global stock market volatility. However, financial institutions in Asia are in a relatively good position with respect to the credit crunch since they have less exposure to sub-prime mortgage instruments than those based in Europe or the US. Some foreign capital is being redirected to Asian property markets, seeking to benefit not merely from the natural appreciation of real estate in dynamic economies, but also from appreciation of Asian currencies against the US dollar, particularly the RMB. Foreign investors have shown no sign of scaling back Asian real estate investment activity, especially given the relative scarcity of investment-grade properties. The combined value of the quarter's ten largest investment deals in Asia amounted to US$9.3 billion.
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20-09-2007 :
CB Richard Ellis Expands to Koh Samui
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CB Richard Ellis is pleased to announce the opening of our Koh Samui office in Thailand on 14th September 2007. CB Richard Ellis is the leading real estate services provider in Thailand and has consistently served our clients throughout the country from Bangkok for the past 19 years.
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30-08-2007 :
CB Richard Ellis Group, Inc. Acquires India Affiliate
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CB Richard Ellis Group, Inc. (NYSE:CBG) today announced the acquisition of a majority interest in CB Richard Ellis South Asia Pte Ltd (CBRE India), a CB Richard Ellis affiliate company that is a premier, full service provider operating in 30 cities across the rapidly growing India market.
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23-08-2007 :
Continued Expansion of Retailers in Asia Spurs Robust Retail Property Demand
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The second quarter of 2007 saw continued expansion by both local and international retailers in most major Asian cities. Driven by rising consumer and tourist spending, developers in the first-tier cities of China, the Philippines and India remained keen on building prime shopping centres. The major exception to this trend was Bangkok, where activity remains lackluster amid weak market sentiment.
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22-08-2007 :
Asian industrial property markets remained largely upbeat in the first half of 2007
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The second quarter continued to record upbeat performance in most of Asia’s industrial property markets, buttressed by sustained growth in the manufacturing sector and robust demand in logistics facilities. Industrial land prices in China appreciated further following the establishment of a system of minimum industrial land prices and the implementation of mandatory use of market mechanisms in the primary sales of industrial land.
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28-05-2007 :
Asia sees strong demand for industrial properties and sites
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In the first quarter of 2007 institutional investors continued to show strong interest in the acquisition of logistics facilities, with high levels of investment activity in Japan and China. Demand for industrial property or land remained buoyant in most Asian cities on the back of robust economies and sustained growth in the manufacturing sector.
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25-05-2007 :
Most Asian retail property markets see growth, driven by strong economies and consumer sentiment
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Demand for prime retail space continued to increase in the first quarter of 2007, amid a flurry of Asian expansion by international brands and robust consumption sentiment in most major cities in the region, most notably leading urban centres in China, Vietnam and India. However international retailers’ enthusiasm for space in Tokyo prime retail hubs has somewhat diminished amid rising rents and lackluster retail sales. International luxury brands were eager to open outlets in Hong Kong, which acts as a springboard for the Mainland market. Prime retail rentals continued their uptrend in many cities.
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22-05-2007 :
Overseas Investors Active Across Asia
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Institutional investors remain the dominant force in Asian large-lot property investment transactions, and in the first quarter of 2007 they showed a strong appetite for office properties in leading markets, especially Tokyo, Singapore and Seoul.
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18-05-2007 :
CB Richard Ellis Expands in Northern China with New Office Presence in Dalian
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CB Richard Ellis announced today that it is opening a new office in Dalian as part of the further expansion of the operations of the company in China. The new office will complement existing operations in Beijing and Tianjin and will enhance the ability of CB Richard Ellis to provide real estate services throughout Northern China. The establishment of an office in Dalian will also result in CB Richard Ellis being well positioned to further capitalize upon growing business opportunities and will allow the company to better meet the real estate needs of domestic and international developers, investors and occupiers in Northern China.
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16-05-2007 :
Office rents in Asia demonstrate strong sustained growth
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Asia’s office markets surged ahead in the first quarter of 2007 with most cities recording increases in prime office rents. Expansion in the financial services sector provided much of the impetus for upward momentum in the core districts of the region’s leading international business hubs — Tokyo, Hong Kong and Singapore. Meanwhile China’s leading financial centre, Shanghai, has benefited from the growth of the banking industry following the country’s further round of deregulation of overseas banking players in December 2006, while Beijing and Guangzhou saw robust demand from MNCs. In India, another fast maturing emerging destination for MNCs, major cities continued to face an office space supply crunch, and rentals spiraled further upward under strong demand, with Mumbai, Delhi and Bangalore recording double-digit rental growth during the first quarter. This has prompted occupiers to step up the pace of expansion into non-core areas.
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03-05-2007 :
CB Richard Ellis Group, Inc. Reports Earnings Per Share
Up 59% For the First Quarter of 2007
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CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of US$1.2 billion for the first quarter of 2007, an increase of 61.6% over the first quarter of 2006, and diluted earnings per share of US$0.05 for the first quarter of 2007, compared with US$0.16 for the same quarter last year. Excluding one time charges1, first quarter 2007 diluted earnings per share was US$0.27, an increase of 58.8% from the US$0.17 earned in the first quarter of 2006, despite the US$28.0 million increase in interest expense that was driven by the debt incurred to finance the Trammell Crow Company acquisition at the end of 2006 and the exclusion of US US$8.5 million of gains from Development Services in the first quarter of 2007, the recognition of which was impacted by purchase accounting.
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26-03-2007 :
CB Richard Ellis Further Expands in Eastern China with
New Office Presence in Hangzhou
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CB Richard Ellis announced that it is opening a new office in Hangzhou as part of the further expansion of the operations of the company in China. The new office will complement the existing operations of the company in Shanghai and enhance the ability of CB Richard Ellis to provide services throughout Eastern China. CB Richard Ellis will be well positioned to further capitalise upon growing business opportunities in Hangzhou and Ningbo, allowing the company to better meet the real estate needs of domestic and international developers, investors and occupiers within the Yangtze River Delta.
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21-03-2007 :
CB Richard Ellis Selected for the Businessweek 50
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CB Richard Ellis Group, Inc. has been named to the BusinessWeek 50, that publication’s annual report that spotlights 2006’s top performers from the Standard & Poor’s 500 index. BusinessWeek says these companies are the ”best in class” from 10 economic sectors, and notes they are “setting the agenda in their industries.” CB Richard Ellis was ranked #16 on the list of elite companies.
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08-03-2007 :
CB Richard Ellis Named Top Outsourcing Provider by IAOP
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CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2006 revenue), has been named to The 2007 Global Outsourcing 100 by the International Association of Outsourcing Professionals (IAOP). The list recognizes the world’s best outsourcing providers, and is based on applications received and evaluated by an independent panel of judges.
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08-03-2007 :
CB Richard Ellis Opens New Office in Pudong, Shanghai
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CB Richard Ellis today announced that it has officially opened a new office in Pudong District in Shanghai, thereby further strengthening its ability to provide high quality real estate services to developers, investors and occupiers throughout the Pudong District and Eastern Shanghai. In addition, the opening of the office further reinforces the existing business operations of CB Richard Ellis in Shanghai as well as the Eastern China region.
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05-03-2007 :
2006 ends on high note for industrial property
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In Japan, institutional investors and developers were particularly active during the fourth quarter of 2006 as a shortage of investment-grade facilities against the backdrop of rising investor demand prompted a number of developers to construct logistics facilities expressly for sale to investors. J-REITs and private funds are among the potential buyers targeted by developers such as Orix Real Estate.
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06-02-2007 :
CB Richard Ellis Further Expands into China with a
New Office Presence in Shenzhen
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CB Richard Ellis announced today that it is opening a new office in Shenzhen as part of the further expansion of the operations of the company in China. This new office will complement the existing operations of the company in Guangzhou and will expand the business scope of CB Richard Ellis in Southern China, as the company looks to strengthen service capabilities in response to demand from domestic and international developers, investors and occupiers.
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09-01-2007 :
Strong Rallies in Leading REIT Markets, Further Expansion Expected in 2007
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After a brief consolidation amid the region's stock market slide in May and June, Asian REITs regained momentum in the second half of 2006. Fuelled by buoyant equity markets and robust economies, Asia's REIT markets expanded briskly, with a total of 27 new REITs/ property trust funds being floated during the first eleven months of 2006, pushing the total market capitalisation to US$63 billion, as compared to an estimated US$38 billion at the end of 2005.
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12-12-2006 :
CB Richard Ellis Added to the S&P 500
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CB Richard Ellis Group, Inc. (NYSE:CBG) has been added to the S&P 500 Index, a representative sample of leading companies in major industries of the U.S. economy. CB Richard Ellis is the only commercial real estate services firm included in the index.
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05-12-2006 :
Prime Offices in Demand Across China as Overseas Companies Expand to More Cities
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According to CB Richard Ellis' latest research, new and expansionary requirements from overseas companies continued to increase demand for prime office space in most of the cities surveyed in the third quarter of 2006. Accelerated expansion by MNCs remained the major demand driver in the leading cities of Beijing, Shanghai and Guangzhou, while take-up by MNCs entering additional cities increased demand for prime space in emerging business centres.
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21-11-2006 :
Office and Hotel Transactions Dominate Third Quarter’s Regional Investment Activity
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According to CB Richard Ellis’ quarterly report “Asia Investment Market Flash”, institutional investors in Asia continued to display strong appetite for office properties in the third quarter of 2006, as seven of the region's top 10 investment deals, with a total combined value of around US$4.75 billion, took place in the office sector. DaVinci Advisors' two deals in Tokyo topped CB Richard Ellis’ list. The local private real estate fund acquired Pacific Century Place Marunouchi (PCPM) in Chiyoda-ku and the Shiba Park Building in Minato-ku for a total of approximately US$2.9 billion. Elsewhere in Japan, MID, a newly listed J-REIT, acquired two office properties in Osaka for a total of US$790.3 million.
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28-10-2006 :
CB Richard Ellis Group, INC, announces earnings per share up 60% for third quarter of 2006
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Los Angeles, CA – October 25, 2006 — CB Richard Ellis Group, Inc.(NYSE:CBG) today reported revenue for the third quarter ended September 30, 2006 of $903.9 million, up 21.5% over the third quarter of 2005, and diluted earnings per share of $0.39 for the third quarter ended September 30, 2006, compared with $0.25 for the same quarter last year. Excluding one-time charges1, third quarter 2006 diluted earnings per share was $0.40, an increase of 60.0% from the $0.25 earned in the third quarter of 2005.
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20-10-2006 :
CB Richard Ellis Strengthens its Presence in Hong Kong with new Kowloon office
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CB Richard Ellis announced today that the company is opening a new office in Tianjin as part of the further expansion of operations to second-tier cities in China. This additional office will strengthen the presence of CB Richard Ellis in northern China, as the company looks to enhance service capabilities in response to demand from both domestic and international developers, investors and occupiers.
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25-07-2006 :
CB Richard Ellis Tops NREI's Brokerage and Property Management Rankings
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Once again, CB Richard Ellis has topped National Real Estate Investor's "Best of the Best" lists for both Brokerage and Property Management. Our 2005 global investment sales and leasing activity of US$150.4 billion is more than double the amount of our nearest competitor, and our 1.06 billion sq. ft. of total space managed is over 150 million sq. ft. more than the next-ranked firm.
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18-07-2006 :
Greater China Office Market - Bi-annual Review
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Despite the introduction of various measures by the Chinese central government to control activity within the property market, the overall PRC economy has continued to post upbeat economic data, including double digit GDP growth. In line with this increased economic activity, the major office markets in Greater China have also continued to improve, with strong demand for prime office properties in
all cities.
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22-06-2006 :
Despite Volatility in Regional Stock Markets, Asian REITs Remain Attractive
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In the first four months of 2006, the Asian REIT market was generally upbeat, supported by positive flows of funds into stock markets in the region, along with the robust economic momentum that continued to drive demand for properties and put upward pressure on rentals, notably of prime offices. The positive stock market performance witnessed in the opening months of 2006 supported on-going REIT IPO fund raising activities, with a total of 18 REIT floatings witnessed in the region, bringing the total market capitalisation to US$47 billion as of end-April 2006.
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22-05-2006 :
CB Richard Ellis Global Result of First Quarter
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CB Richard Ellis Group, Inc. (NYSE:CBG) reported first quarter 2006 revenue of $680.1 million, up 26% over the same quarter a year earlier, and diluted earnings per share of $0.48 for the quarter ended March 31, 2006, compared with $0.19 for the same quarter a year earlier.
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