01-09-2010 :
Total Market Capitalization of Asian REITs Surges 25% during the first half of 2010
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1 September 2010, Beijing – Six new REITs were launched during the first six months of the year in what was a dynamic period for REIT IPOs in Asia, followed by two additional REIT listings in July. Total market capitalization of Asian REITs surged by 24.7% year-on-year to US$69.0 billion during the first six months of 2010, according to CB Richard Ellis’ REITs Around Asia half yearly report.
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11-08-2010 :
Momentum Slows in Q2 in Asia’s Direct Real Estate Investment Market
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12 August 2010, Beijing – The Asian real estate investment market showed signs of continuing to make steady improvement in the first half of 2010 with direct real estate investment in the region rising 136% year-on-year during the period to be recorded at an estimated US$30 billion. Although activity levels rose significantly in virtually every Asian market as measured on a yearly basis, investment volume fell by 22% quarter-on-quarter in the second quarter as investors turned more cautious following the implementation of various measures by governments around the region intended to curb speculative activity. Worries over the fragility of the global economic recovery and the eurozone sovereign debt crisis also negatively impacted investor sentiment in the second quarter according to the CB Richard Ellis’s Asia Investment MarketView report covering the first half of 2010.
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10-08-2010 :
CB Richard Ellis Partners with RICS for UK/China Programme for the Fourth Consecutive Year
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10 Aug 2010, Beijing – CB Richard Ellis (“CBRE”) announced today that it will continue to partner with the Royal Institution of Chartered Surveyors (RICS) in relation to the implemention of the UK/China Programme in 2010. The 5-year project was launched in 2007, and is now entering its fourth year. The joint programme offers a unique opportunity to selected UK/based real estate students to gain overseas work experience in China, the fastest growing region in the world.
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09-08-2010 :
China’s Logistics Real Estate Sector Bounces Back，However There is a Catch…
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9 Aug 2010, Beijing – Andrew Hatherley, Executive Director of Industrial and Logistics Services, Asia,CBRE, predicts higher rents and fewer available properties over the next 12 months.
Just focusing on Shanghai, average Logistics rents fell approx 16% during the Recession, however the last 3 Qs have all seen growth to a total of just over 6%. CBRE expects that this rental growth will accelerate rapidly during the next 12 months due largely to vacancy rates dropping on the back of increasing demand and the effect of virtually, no new International Grade warehouse construction in the past 2 years. The increased demand for warehousing space is coming from higher levels of local consumer consumption coupled with much improved Export levels (now back to early 08 levels). Most other major cities in China are also enjoying rental growth, including Beijing which has improved by 3.1% in the first half of 2010 with solid volumes.
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29-07-2010 :
Rob Blain Awarded “Industry Champion” by RFP Magazine
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29 July 2010, Beijing – CB Richard Ellis (CBRE) is pleased to announce that Rob Blain, CEO and Chairman, Asia Pacific, has been awarded with the top accolade of “Industry Champion” at the 2010 RFP (Real Estate Facilities Projects) Outstanding Individuals Industry Awards. The awards celebrate the contributions of professionals in the real estate industry across Asia Pacific. RFP Magazine is one of Asia’s top trade titles and a leading magazine for industries of the built environment.
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14-07-2010 :
Review of China’s Property Market in Q2 2010
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14th July, 2010 Beijing —— During the second quarter of 2010, the China real estate market remained relatively stable across most sectors. Prime office rents saw a broad uptrend with only a few cities experiencing a downswing, mainly due to lower rental quotations by new completions. As the central government continued to strengthen macro-control on the residential market, transaction volumes in the luxury residential sales markets in the majority of the cities witnessed an obvious decline, but sales prices kept steady. Stimulated by several factors including the opening of EXPO 2010, launches of mid-year sales and Labour Day holiday, the prime retail markets stayed buoyant across China.
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21-05-2010 :
SIGNS OF RENTAL IMPROVEMENT IN GLOBAL OFFICE MARKETS
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21 May 2010 Beijing – Increased demand, together with more relocation activity, is slowing rental declines in the majority of global office markets, with growth beginning to accelerate in three major markets, according to the latest Global Office Rental Cycle report from CB Richard Ellis Group, Inc (CBRE). Overall, a tentative recovery of property markets is emerging, reflecting the improved economic activity globally.
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19-05-2010 :
CBRE Special Report: Future of the Property Market in Beijing CBD East Expansion Area
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19 May 2010 Beijing – After years of development in the centre of Beijing’s CBD, large-scale construction is drawing to a close. By the end of 2009, approximately 80% of planned construction in the CBD had been completed. At the same time, the eastward expansion of the CBD has become a hot topic in Beijing’s real estate market. CBRE recently released a special report Future of the Property Market in Beijing CBD East Expansion Area. With a wealth of market data accumulated over more than a decade throughout the pre-development and construction phases of the CBD central area, the report explains property market development and the main demand drivers in the CBD. These findings subsequently provided valuable references in forecasting the evolution of future demand, with due consideration to industry planning guidelines from the government. The report concludes with CBRE’s views on property market development in the emerging CBD East Expansion Area.
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13-05-2010 :
Asia sees higher demand for premium office space
along with pick-up in “flight to quality” moves
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13th May, 2010 Beijing – The opening quarter of 2010 saw robust office take-up in Asia’s major commercial centres as companies have become more willing to commit to space at the current rentals. Corporate occupiers are taking advantage of the fact that office rents have generally experienced downward correction for over a year in most markets, and some are availing themselves of this opportunity to upgrade their premises to Grade A facilities. At the same time, Asia’s overall business sentiment was buoyed by the continued improvement in the regional economy. The labour market has also tightened, with the unemployment rate clearly tracking downwards in most markets and large-scale companies announcing recruitment plans.
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11-05-2010 :
Asian Real Estate Investment Markets Remain Resilient in Q1 2010
CBRE Survey Finds Q1 Investment Turnover Jumped 215% Year-on-Year
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11th May, 2010 Beijing – The Asian real estate investment market remained buoyant during the first quarter as investor sentiment remained largely positive, and investors continued to demonstrate cautious optimism. The steady flow of small and medium sized transactions witnessed in the latter half of 2009 continued to feed through into the year’s opening three months. Given the relatively low level of trading activity at the beginning of 2009, in the first quarter total direct real estate investment in Asia jumped 215% on a year-over-year basis to an estimated US$16.5 billion, according to CB Richard Ellis’ Asia Investment MarketView report for Q1 2009.
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06-05-2010 :
CB Richard Ellis Appoints Chief Operating Officer for China Business Unit
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6th May, 2010 Beijing – CB Richard Ellis announced today that the company has appointed Mr. Jin Yong as Chief Operating Officer, China. The appointment of Mr. Jin to this newly created position reflects the continued efforts of CB Richard Ellis to enhance the corporate structure of the business unit which it operates in China. It also demonstrates the ongoing commitment of the company to the development of a sustainable operational platform in order to support business growth in the rapidly expanding real estate sector in China.
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30-03-2010 :
Review of China’s Property Market in Q1 2010
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30 March, 2010 Beijing – With the arrival of 2010, most of the 15 major cities in China monitored by CBRE Research exhibited upswings in performance. Sales markets for both prime office and luxury residential real estate continued to trend north while rental quotations varied among different regions. During the first quarter, the PBOC raised the deposit reserve rate twice in order to tighten the money supply. In addition, the central government also released the “State Council’s 11 point measures” and “State Council’s 19 point measures,” further strengthening macroeconomic controls on real estate lending and land resource management.
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23-02-2010 :
IAOP Names CB Richard Ellis
Among Top Outsourcing Providers for Fourth Time
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23 February, 2010 Beijing – The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2010 Global Outsourcing 100 for the fourth straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges organized by IAOP.
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10-02-2010 :
CB Richard Ellis Group, Inc. Reports Earnings per Share
of $0.28 for the Fourth Quarter and $0.39 for the Full Year 2009
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10 February, 2010 Beijing – CB Richard Ellis Group, Inc. (NYSE:CBG) today reported fourth-quarter 2009 diluted earnings per share of $0.21 on a U.S. GAAP basis, on revenue of $1.30 billion. The Company reported net income for the quarter of $64.3 million. Excluding selected charges1, net income2 for the fourth quarter would have totaled $86.0 million, or $0.28 per diluted share. Earnings Before Interest Taxes Depreciation and Amortization (EBITDA)3 for the fourth quarter totaled $167.1 million, which included $31.9 million4 of selected charges.
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08-02-2010 :
Asian Office Market Continues to Improve as Multinational Demand Picks Up
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8 February 2010, Beijing – In the fourth quarter of 2009, the Asian office market continued to approach the bottom of the present cycle as rental declines slowed further and absorption gradually increased. The quarter saw multinationals and financial institutions in selected Asian cities display a renewed willingness to expand. The unemployment rate declined for three consecutive months in Taiwan and Hong Kong, whilst in Japan it fell from July 2009’s record high of 5.7% to 5.1% in December, reflecting the overall improvement in the Asian labour market.
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04-02-2010 :
Asian Real Estate Investment Markets Rebound in Second Half of 2009
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4 February, 2010 Beijing – Asian real estate investment markets posted a strong recovery in the second half of 2009 after witnessing a difficult start to the year. Investment turnover bottomed out in the first quarter but improved thereafter as investor confidence gradually returned, underpinned by the strong rebound in the equity markets, the persistence of low financing costs and a stabilizing trend in price levels across key markets. Direct real estate investment in Asia jumped 56% y-o-y in the second half of 2009 to an estimated US$25 billion . However, overall transaction volume was still 22% lower in 2009 as compared with the previous year, according to CB Richard Ellis’ Asia Investment MarketView report for the second half of 2009.
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13-01-2010 :
Review of China’s Property Market in Q4 2009
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12th January, 2010 Beijing ——During the last quarter of 2009, underpinned by buoyant market sentiment, the sales price for both prime office and luxury residential property trended north in all of the 15 major cities of the PRC, with some even achieving double-digit growth rates. With the advent of National Day as well as the Christmas and New Year holidays, retail markets witnessed a booming phenomenon, which mainly originated in retailers’ big sale or frequent promotion activities. Thus, prime retail rental quotations in most of the cities saw an upswing. The logistics sector generally remained stable across the cities.
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16-11-2009 :
400 CB RICHARD ELLIS PROFESSIONALS ACHIEVE LEED ACCREDITATION
Thousands of CBRE Client Service Professionals Trained in Sustainable Practices
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16th November, 2009 Beijing —— CB Richard Ellis Group, Inc (CBRE) today announced that 400 of its client services professionals have received the LEED® AP (Leadership in Energy and Environmental Design Accredited Professional) designation through the Green Building Certification Institute (GBCI). These CBRE professionals received the LEED® AP credential, which signifies an advanced depth of knowledge in green building practices, and work in every major market in the Americas, as well as in Asia-Pacific and EMEA. They also represent nearly every service CBRE offers, including project management, asset services, brokerage, development, facilities management, technical services, global corporate services, research and valuation.
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12-11-2009 :
Asian Office Market Continues to Improve
as Rental Decline Slows Further
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12th November, 2009 Beijing ——The Asian office market down cycle has stabilized in the third quarter of 2009 as the improvement in Asian employment markets generally provided a clear indication that the office market was close to the bottom. Corporations outside of the export trade sector commenced expanding headcount and financial institutions began hiring staff to pursue high-margin businesses as economic conditions improved. Amongst Asia’s developed economies, Japan, South Korea and Hong Kong all reported their first declines in unemployment rate since the Lehman Brothers bankruptcy in September 2008. Historically, office vacancy has trailed closely behind the unemployment rate. The third quarter saw overall vacancy for Asian cities remain at 12.5%, unchanged from the previous quarter, but with Tokyo, Hong Kong, Beijing, Seoul and several Southeast Asian cities all recording a minor decline in the quantum of space vacant.
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09-11-2009 :
Asian Real Estate Investment Market Buoyed in Third Quarter as Market Sentiment Strengthens
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9th November, 2009 Beijing —— The Asian real estate investment market continued to gain momentum in the third quarter of 2009 as capital values generally stabilised, sentiment improved and the bid-ask spread narrowed, particularly for quality yield-accretive assets in prime locations. Direct real estate investment in Asia jumped 25% q-o-q to an estimated US$9.1 billion . Hong Kong accounted for 36% of the total volume followed by China, Korea and Taiwan. However, overall transaction volume remained low in the first nine months of 2009, falling by 49% year-on-year according to CB Richard Ellis’ Q3 2009 Asia Investment MarketView report.
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21-10-2009 :
Review of China’s Property Market in Q3 2009: Luxury Residential Sector Continue To Recover
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21st October, 2009 Beijing —— The luxury residential sector continued its upward trend in the third quarter with sales prices in all 15 cities registered positive growth, albeit with a slower rate in some cities due to the decreased transaction volume. The growth in housing prices also propped up the recovery of the luxury residential leasing sector in major cities. Prime office markets in China were still bearing the brunt of the global economic downturn, especially in cities that are driven by MNCs and confronted with oversupply concerns. The prime retail markets witnessed mixed performances across China, whereas logistics facility rentals generally slipped or remained stable.
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31-08-2009 :
Asian REITs Rebound Strongly In First Half of 2009, But Challenges Remain
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31st August, 2009 Beijing —— Asian REITs rebounded strongly in the first half of 2009 as conditions in global capital markets improved and the availability of credit increased following government injections of capital into the banking system. The market capitalisation of Asian REITs rose 14.3%, with J-REITs recording a 14.7% gain on average weighted by market capitalisation and S-REITs rising 16.2% on weighted average, according to CB Richard Ellis’ REITs Around Asia for the first half of 2009. “General improvement in the credit market, government support for the re-financing of J-REITs and successful rights issues for S-REITs have substantially enhanced REITs around the region,” said Andrew Ness, Executive Director of CBRE Research Asia. “Asian REITs’ appetite for raising capital should remain strong over the remainder of 2009 as the capital market recovers.”
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13-08-2009 :
Asian Office Market Begins to Stabilise, but Companies Remain Cost-Conscious
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13th August, 2009 Beijing —— The Asian office market showed signs of stabilising in the second quarter of 2009 but companies remained focused on reducing costs and tightening their real estate expenditures. Pressure to further reduce office space requirements nevertheless began to ease as the macro economic environment became somewhat calmer and, in the case of China, began to recover and improve. Most Asian cities either recorded a smaller negative net absorption or a mild increase in office requirements. Overall vacancy for Asian cities rose 60 bps q-o-q to 12.5% in the second quarter but the rate of increase slowed from 120 bps in the previous quarter.
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12-08-2009 :
Investment Market Regains Momentum in Second Quarter
Following First Quarter Standoff
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12th August, 2009 Beijing —— The Asian property investment market enjoyed a stronger second quarter of 2009 following a subdued start to the year, with direct real estate investment volume edging up 41% from the first quarter. The improved investment turnover was catalysed to a certain extent by debt funded investors compromising at current price levels and liquidating assets to service near-term debt obligations. Despite the improvement witnessed in the second quarter, however, transaction volume nevertheless remained thin in the first half of 2009 compared to the corresponding period in 2008, falling by 58% y-o-y to approximately US$12.4 billion , according to the CB Richard Ellis Asia Investment MarketView for the first half of 2009.
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10-08-2009 :
CBRE Beijing Office Awarded LEED Gold Rating by USGBC
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10th August, 2009 Beijing —— CB Richard Ellis (CBRE) announced today that it has been awarded the Leadership in Energy and Environmental Design (LEED) for Commercial Interiors Gold Rating by the U.S. Green Building Council (USGBC) in relation to its office premises in Beijing. This Gold Rating is one of only 32 LEED project certifications awarded to date in China (16 for Commercial Interiors) and represents an important milestone in relation to the implementation of the sustainability strategy being pursued by CBRE in Asia. It also demonstrates the continued commitment of CBRE to achieving a leading position with respect to environmental stewardship in the region.
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09-07-2009 :
Review of China’s Property Market in Q2 2009: Positive Signs Shown in Residential Sector
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9th July, 2009 Beijing ——The encouraging recovery of China’s residential sales market in the second quarter spurred on the solid performance in luxury residential sales prices and transactions. However, the luxury residential and prime office leasing markets continued to be impacted by MNC budget cuts. Office rents dropped in most cities across China, although the rate of decline began to slow in many areas. The prime retail market held firm throughout China, with the exception of North China, which witnessed mixed performances. Industrial land prices held off major price declines, while rentals in the market generally slipped or remained stable.
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29-06-2009 :
CBRE Consultants for Expo 2010 Shanghai China Expo Village
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29th June, 2009 Beijing —— As the Master Agency for the World Expo Village, CBRE has recently announced that this high-profile project is underway. According to the agreement, CBRE Shanghai is providing full Retail Services including pre-leasing analysis and research of the various industries, brands and specific requirements of the World Expo Village.
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16-06-2009 :
Hong Kong Property Market Outlook for 2H09 - Positive Momentum could be Sustained
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16 June 2009, Hong Kong – The local property market has seen a gradual pick up in sales volume since March this year, after being severely hit by the global credit crunch. Prices rebounded faster than expected mainly because of low interest rates, stock market rally and hot money inflow. However, rents have largely continued on a downward trend, reflecting Hong Kong’s weak underlying economic conditions.
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05-06-2009 :
TOKYO NOW WORLD’S MOST EXPENSIVE OFFICE MARKET;WEST END OF LONDON AND MOSCOW RANKED SECOND AND THIRD, RESPECTIVELY
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June 5, 2009 Beijing — Tokyo’s Inner Central District has supplanted London’s West End as the world’s most expensive office market, according to CB Richard Ellis Group, Inc. (CBRE) Global Research and Consulting’s semi-annual Global Office Occupancy Costs survey. London’s West End, is now the world’s second most expensive office market, followed by Moscow, Hong Kong’s Central Business District or CBD, and Tokyo’s Outer Central District in the CBRE report, which tracks office occupancy costs in more than 170 cities around the globe.
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22-05-2009 :
CB Richard Ellis Implements Philanthropic Programme In China for Third Consecutive Year
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22nd May, 2009 Beijing - CB Richard Ellis, the world’s largest commercial real estate services company, announced today that it will implement a philanthropic programme in Sichuan province during the summer of 2009, reflecting the continued commitment of the company to the welfare of children in China and the importance attached by the organisation to being a caring and responsible corporate citizen.
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14-05-2009 :
Asian property investment turning more positive after muted first quarter
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14th May, 2009 Beijing —— The Asian property investment market suffered an 83% q-o-q fall in sales in the first quarter of 2009 as investors’ appetite for risk remained weak and the gap between buyer / seller expectations continued to deter investment activity, according to the latest research report from CB Richard Ellis, Asia Investment MarketView Q1 2009. However, there was a noticeable improvement in sentiment in a number of key markets in March as the rate of economic decline appeared to be easing.
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07-04-2009 :
CB RICHARD ELLIS GROUP, INC. NAMED A BUSINESSWEEK 50 BEST PERFORMER FOR THE THIRD YEAR IN A ROW
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7th April, 2009 Beijing -- CB Richard Ellis (CBRE) has been named to the Business Week 50—that publication’s list of best performers across all industries—for the third year in a row. Business Week annually selects 50 best-in-class companies that represent the top performers in each of the ten industry sectors that comprise the Standard & Poors 500. CBRE was ranked #25 on the 2009 list, and is the only commercial real estate company to earn a place on this year’s Business Week 50.
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25-03-2009 :
CB Richard Ellis Participates in Earth Hour 2009
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25th March, 2009 Beijing – CB Richard Ellis Group, Inc. (NYSE:CBG), the world’s largest commercial real estate services firm (based on 2008 revenue), announced its participation in Earth Hour 2009 in a global effort to highlight the need to take action on climate change.
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23-03-2009 :
2009 Q1 PRC Property Markets View
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23rd March, 2009 Beijing —— PRC property markets continued to exhibit weakened performance during the first quarter of 2009 as the global financial turmoil worsened. Financial concerns have caused many corporations, especially multinational companies, to cut operation costs and housing allowances. This in turn led the majority of office and residential leasing markets in China to witness downswing trends. The residential sales market also recorded negative price growth due to developers’ promotional discounts. However, retail markets fared relatively better than other property sectors due to the Chinese New Year holiday, a peak season for consumer purchases. The industrial sector has also been affected by the significant decline of the import and export trading industry, as well as by cutbacks of big manufacturing companies.
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18-03-2009 :
CB RICHARD ELLIS GROUP, INC. SELECTED BY NOKIA AS NEW EXCLUSIVE GLOBAL REAL ESTATE ADVISOR
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Beijing, 18th March, 2009 – In one of the most significant global corporate real estate outsourcing contracts awarded in recent years, CB Richard Ellis Group, Inc (NYSE: CBG), or CBRE, announced today that it has been selected by Nokia (NYSE: NOK), the world's largest manufacturer of mobile phones, as its exclusive global strategic real estate advisor. The services that will be provided include transaction management, brokerage and lease administration. The agreement will cover Nokia's 20 million square foot global portfolio, encompassing over 380 properties in 60 countries across Europe, the Middle East, Africa, Asia and the Americas.
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03-03-2009 :
INSITE Appoints CB Richard Ellis as Leasing Consultant of Channel One Shopping Centre in Shanghai
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3rd March 2009, Shanghai -- INSITE today announced that it has appointed CB Richard Ellis as the leasing consultant of Channel One Shopping Centre in Shanghai. Channel One is managed by INSITE Asset Management Group Limited. Founded in 2008, INSITE is committed to provide high-quality, professional and integrated value added services for business assets in China‘s commercial real estate market. Through cooperation with CB Richard Ellis, INSITE once again demonstrates its modern management philosophy – to create business opportunities and attract people effectively via accurate brand positioning. The partnership is intended to create an attractive commercial atmosphere for consumers and build a high quality one-stop fashionable shopping base in Shanghai.
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25-02-2009 :
IAOP NAMES CB RICHARD ELLIS AMONG TOP OUTSOURCING PROVIDERS FOR THIRD TIME
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Beijing – February 25, 2009 – The International Association of Outsourcing Professionals (IAOP) has named CB Richard Ellis Group, Inc. (CBRE) to The 2009 Global Outsourcing 100 for the third straight year. The list recognizes the world’s best outsourcing service providers across all industries, and is based on applications received and evaluated by an independent panel of judges.
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17-02-2009 :
CB Richard Ellis Appoints Andrew Kam to lead Shopping Centre Management in Greater China
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17th February 2009, Beijing – CB Richard Ellis is pleased to announce the appointment of Andrew Kam as Executive Director, Shopping Centre Management, Greater China. Forming part of the Asset Services business line within CB Richard Ellis, Shopping Centre Management is a new specialised service which has been established by CB Richard Ellis in Greater China. Based in Shanghai, Andrew will take overall responsibility for the provision of services associated with shopping centre management. This includes the formulation of the strategic direction associated with the delivery of shopping centre management services and the implementation of related mandates.
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03-02-2009 :
CB RICHARD ELLIS OPENS CHINA DESK FOR EMEA REGION
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3rd February, 2009 Beijing– CB Richard Ellis (CBRE) has opened a China Desk for its Europe Middle East and Africa (EMEA) region to support increasing client interest in the growing Greater China market. The desk will co-ordinate inbound and outbound cross border activity between EMEA and Greater China. It will be headed up by Bryn Davies who joins the CBRE EMEA team from the company’s Beijing office.
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19-12-2008 :
CB Richard Ellis Appointed as Property Manager for WFC
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18 December 2008 Beijing -- Hong Kong-based developer Henderson Land announced today that CBRE Richard Ellis has been appointed as the property manager for its World Finance Centre (WFC) in Beijing. Both companies signed the agreement in the demonstration hall of the Beijing Fortune Centre. Senior delegates from Henderson Land and CB Richard Ellis attended the signing ceremony and delivered addresses to welcome the partnership. Attendees included: Andy C.K. Chan, Senior Estate Manager from Henderson Land; Joe Y.C. Chan, Sales and Leasing Director from Henderson Land (China); Alfonso Chu, Executive Director, Asset Services in Greater China, CB Richard Ellis and Daniel Yin, Managing Director of Beijing, CB Richard Ellis.
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27-11-2008 :
London, Moscow Remain World’s Most Expensive Office Markets; Hong Kong’s CBD Breaks into Top Five
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27th November, 2008 Beijing -- London’s West End and Moscow remain the world’s two most expensive office markets, respectively, while Hong Kong’s CBD, Tokyo’s Inner Central District and Mumbai’s Nariman Point round out the top five, according to CB Richard Ellis Group, Inc. (CBRE) Research’s semi-annual Global MarketView/Office Occupancy Costs survey. The report tracks world markets with the highest as well as fastest-growing occupancy costs for the 12 months ended September 30, 2008.
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17-11-2008 :
CB Richard Ellis Appoints China Head of Global Corporate Services
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17th November, 2008 - Beijing -- CB Richard Ellis is pleased to announce that Mr. Helmut Weih has been appointed to the position of Director, Global Corporate Services in China. Mr. Weih, based in Shanghai, will oversee this specialized service offering in China, and will be responsible for both the leadership and management associated with key accounts as well as the development of the service platform across mainland China. The appointment forms part of the broader strategy of CB Richard Ellis in Greater China to enhance business capabilities and to meet growing levels of demand from corporate occupiers for a more sophisticated approach to service delivery across China.
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14-11-2008 :
CB RICHARD ELLIS GROUP, INC. ANNOUNCES PRICING FOR PUBLIC OFFERING OF 50,000,000 SHARES OF ITS CLASS A COMMON STOCK
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14th November, 2008, Beijing — CB Richard Ellis Group, Inc. (NYSE:CBG) announced today the pricing of its public offering of 50,000,000 shares of its Class A common stock at an offering price of $3.77 per share. CB Richard Ellis has granted the underwriters a 30-day over-allotment option to purchase up to 7,500,000 additional shares of Class A common stock.
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15-10-2008 :
CB Richard Ellis Expands Presence in Greater China
with New Office in Chongqing
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15th October 2008, Beijing – CB Richard Ellis announced that it has opened a new office in Chongqing, a municipality in southwestern China. The new office in Chongqing represents the sixteenth full service office operated by CB Richard Ellis in Greater China and further enhances its service capabilities in response to demand from both domestic and international developers, investors and occupiers.
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28-08-2008 :
CB Richard Ellis Appoints New Managing Director in Tianjin
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28th August, 2008, Beijing -- CB Richard Ellis is pleased to announce that Mr. Angus Wong has been appointed to the position of Managing Director, Tianjin. Mr. Wong will be responsible for the oversight and strategic direction of the business operations of CB Richard Ellis in Tianjin, as well as the management of the daily operations of the office operated by CB Richard Ellis in Tianjin.
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12-08-2008 :
Dampen Asia's Real Estate Investment Market
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12th August 2008, Beijing -- A widening bid-ask spread has emerged in major real estate markets across Asia, as property owners, supported by solid market fundamentals, remain reluctant to lower their asking prices to meet the expectations of potential buyers, according to CB Richard Ellis’ Asia Pacific Investment Market Report for the second quarter of 2008.
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31-07-2008 :
CB Richard Ellis Funds Heart Surgeries in Sichuan
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31st July, 2008 Beijing -- CB Richard Ellis, the world's largest commercial real estate services company, announced today that it has implemented a philanthropic programme in Sichuan Province, reflecting the commitment of the company both to the welfare of children in China as well as to being a caring and responsible corporate citizen.
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18-07-2008 :
CBRE Issues China Property Market Review for Q2 2008
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18th July 2008, Beijing – CB Richard Ellis recently issued it research report on property market review for Q2 2008. With the opening of our new office in Shenyang, the report has been expanded to cover the updates on Shenyang’s office, residential, industrial and retail sectors. This issue also includes Xi’an market.
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30-06-2008 :
CB Richard Ellis Opens New Office in Shenyang to Further Enhance Capabilities in Greater China
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26th June, 2007 Shenyang – 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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23-06-2008 :
CB Richard Ellis Group, Inc. Joins Forces with Vanke in China
Joint venture established to provide best-in-class residential property
management services across China
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23rd June, 2008, Beijing – CB Richard Ellis Group, Inc., the largest global real estate services provider, and Vanke, the largest residential developer in China, announced today that they have established a joint venture to provide residential property management services in China. The partnership, intended to leverage the leading edge capabilities of both organizations via the combination of strong local market knowledge and expertise with international best practices, also represents a new business model within the real estate industry in China. A signing ceremony was held in Shenzhen today attended by Rob Blain, Chairman &CEO, CB Richard Ellis, Asia Pacific, Chris Brooke, President & CEO, CB Richard Ellis, Greater China, Alfonso Chu, Executive Director, Asset services, CB Richard Ellis, Greater China, Yu Liang, President of Vanke, Xie Dong, Executive Vice President of Vanke, and Larry Hui, Vice President of Vanke.
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30-05-2008 :
London Remains World's Most Expensive Office Market; Rapidly-Rising Moscow Jumps to Second Place
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30 May, 2008, Beijing – 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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19-05-2008 :
Hong Kong Property Market Slowing but Positive
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19 May 2008, Beijing – Against the backdrop of dampened global growth, Hong Kong and other Asian economies remained resilient in the first quarter of 2008 due to sustained domestic demand, strong economy in China and growing trade links within Asia. Although the global credit crunch has yet to have a material impact on Hong Kong’s economy, the volatility in equity markets has slightly impacted the property sector and market sentiment.
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13-05-2008 :
Investment Activity Eases From 2007 Peaks, Though Core Investors
Remain Active in Many Markets
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13th May, 2008, Beijing – The first quarter of 2008 was characterised by uncertainty regarding the global economic climate resulting from the global credit crisis, volatile capital markets and slowing global economy. Though highly leveraged investors have largely stepped out of the region’s investment markets due to the continued credit squeeze, core and core-plus investors remained active in many markets. On the back of the region’s sound economic fundamentals and positive long-term outlook, as well as reasonably balanced supply-demand dynamics in many commercial property markets, financially-sound investors remained generally positive on the outlook for the investment market, though in certain markets some have adopted a “wait-and-see” approach. As a result, the atmosphere was quite mixed in Asia’s major property markets, and investment activity in certain cities therefore eased from the peaks recorded in 2007, although the volume of investment activity still remained considerable.
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07-05-2008 :
Prime Office Rentals Continue to Face Upward Pressure amid Ongoing Supply Squeeze
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7th May, 2008 Beijing – 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. These cities include the regional financial centres of Tokyo, Hong Kong and Singapore, India’s first-tier cities, and Manila and Ho Chi Minh City in South East Asia. Despite increasing uncertainty in the global economic outlook, corporate expansion continued in many parts of Asia and business sentiment remained largely positive due to expectations that leading Asian economies will outperform the US and Europe.
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29-04-2008 :
PRC Property Market Q1 2008 Highlights
Continued Growth in the PRC Property Market, Caution in the Stock Market
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29th April, 2008, Beijing – Despite the implementation of further macroeconomic controls in late 2007, China’s property market continued to expand in the first quarter of 2008. High-quality new supply is shifting demand in major cities as MNCs and major domestic firms expand and upgrade. The investment property market remains healthy, though investors must be increasingly careful with offshore ownership structures. However, developers are proceeding with caution; many have postponed IPOs in Hong Kong and on the mainland due to recent equity market volatility.
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21-04-2008 :
CB Richard Ellis Joined Hands with UNICEF to Build a World Fit for Children
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21 April, 2008, Hong Kong – CB Richard Ellis and UNICEF joined hands to pledge their love to children in China. The CBRE Charity Golf Day was successfully held on 18 April 2008 to raise fund for a child vaccination programme being implemented by UNICEF in China, which aims to enable children in the remote regions of China to be vaccinated against preventable diseases.
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17-04-2008 :
Retailers expect emerging markets to provide main source of growth
in next five years
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17h April, 2008, Beijing – Retailers are looking to the world’s emerging markets to drive the success of their businesses in the future, according to new research by CB Richard Ellis. A report by the world’s leading commercial real estate services firm has revealed that 40 per cent of retailers expect emerging markets to provide their main source of growth over the next five years, while only a quarter expect to see growth concentrated in their home market.
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10-04-2008 :
CB Richard Ellis Group, Inc. Named a BusinessWeek50 Best Performer for Second Straight Year
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10th April, 2008, Beijing – CB Richard Ellis Group, Inc. has been named to the BusinessWeek 50— the publication’s list of best performers across all industries—for the second straight year. BusinessWeek selects 50 best-in-class companies which the magazine considers represent the star performers in each of the ten sectors that make up the S&P 500. CBRE was ranked #11 within the 2008 BusinessWeek 50, up from 16th place last year.
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26-02-2008 :
IAOP Again Names CB Richard Ellis Top Outsourcing Provider
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26th February, 2008 Beijing – 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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19-02-2008 :
CB Richard Ellis Appointed as On-site Management Consultant for
"Beijing Capital Airport Terminal 3"
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19 February, 2008 Beijing – CB Richard Ellis announced today that it has been appointed by Beijing Capital International Airport Company Limited as the on site management consultant in relation to the new Terminal 3 at Beijing Capital International Airport, the largest single airport expansion project in the world. Having a gross floor area of approximately 900,000 square metres, the new terminal is the largest new building being constructed in advance of the 2008 Beijing Olympics. CB Richard Ellis is the first real estate service provider to be appointed in such a capacity in China.
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02-02-2008 :
Overall Demand for Office Space in Asia Remains Robust,
with Grade A Office Markets Buoyant in Key CBDs
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2nd February, 2008 Beijing – 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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22-01-2008 :
The Hong Kong Property Market Yearly Review & Forecast
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22nd January, 2008 Beijing – 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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18th December, 2007 Wuhan – 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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07-12-2007 :
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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7th December, 2007 Beijing –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. Notably, Philippines and Singapore led the entire Asian market by posting over 15% rental growth over the preceding quarter.
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05-12-2007 :
CB Richard Ellis Positioned for Further Growth in Greater China
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5th December, 2007 Beijing – 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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08-11-2007 :
CB Richard Ellis Opens Qingdao Office, Further
Expanding Capabilities in Greater China
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8th November, 2007 Qingdao – CB Richard Ellis announced today that it has opened a new office in Qingdao, Northern China. This new office in Qingdao represents the thirteenth 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. It will also allow CB Richard Ellis to better meet the growing real estate needs of both domestic and international developers, investors and occupiers.
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02-11-2007 :
CB Richard Ellis Reports Steady Growth in
China’s Overall Real Estate Market in Q3 2007
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2nd November, 2007 Beijing – Despite warnings of a slowdown and central government efforts to curb overheating, China’s real estate market remained fundamentally sound in the third quarter of 2007. While the property sectors of first-tier cities continued to grow steadily, investors and developers remain optimistic about opportunities in emerging second- and third-tier cities. Analysts remain divided on the repercussions of the U.S. subprime problem in China, but it appears that the Chinese market is largely insulated from its effects. However, more attention will likely be paid to risk management in the future.
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12-09-2007 :
Strong Demand Continued Across Asia in the Second Quarter of 2007; Rental Rates Rising at a Slower Pace
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12 September, 2007 Beijing – Robust demand outstripping tight availability and rental appreciation continued to be the dominant characteristics of Asia’s major office markets during the second quarter of 2007. However, rental rates showed signs of rising at a slower pace in a number of regional commercial hubs as potential tenants have begun to resist the rapid rent escalations of the past few years. Increasingly, companies are accepting secondary business districts in order to find more economical space alternatives. While huge demand from Multi-National Corporations continued in China’s markets, rental growth in leading Chinese cities remained steady amid supply peaks that will persist over the short-to-medium term. India presents a different picture, with the continued supply drought in major central business districts driving further increases in rentals.
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10-09-2007 :
First Half 2007 Sees Buoyant Real Estate Investment Conditions in Asia
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10 September, 2007 Beijing – Strong buying interest was witnessed in Japan and Singapore in the first half of 2007, with the collective investment amount in large-lot deals in the two countries accounting for over half of the regional total. The buying spree by international institutions and REITs continued as they remained active throughout the region. The combined value of the quarter's ten largest investment deals amounted to US$6.9 billion, with the acquisition of a portfolio of industrial properties by Secured Capital Japan and DLJ Real Estate Capital Partners at a price over JPY 160 billion topping the list.
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30-08-2007 :
Continued Expansion of Retailers in Asia Spurs
Robust Retail Property Demand
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30 August, 2007 Beijing –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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28-08-2007 :
Asian Industrial Property Markets Remained Largely Upbeat
in the First Half of 2007
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28 August, 2007 Beijing –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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13-07-2007 :
CB Richard Ellis and Galaxy Real Estate Form Strategic Partnership
CB Richard Ellis Appointed as Asset Manager and Marketing Consultant of Galaxy Centre, Shenzhen
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13th July 2007, Beijing – Galaxy Real Estate recently announced that it has entered into a strategic partnership with CB Richard Ellis, the world’s largest real estate services company, in relation to the Galaxy Centre in Shenzhen, a new commercial landmark in the Central Business District of the city. This partnership will allow Galaxy Real Estate to leverage the industry leading expertise and experience of CB Richard Ellis via the appointment of CB Richard Ellis as the asset manager and marketing consultant in relation to the development. A recent signing ceremony associated with the initiative was attended by Mr. Chris Brooke, President & CEO of CB Richard Ellis in Greater China, and Mr. Huang Chulong, Chairman of Galaxy Real Estate.
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28-06-2007 :
Coming Shift in Taipei’s CBD: Emergence of Xinyi Neihu Nangang Development Triangle
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June 28, 2007 Bejing – CBRE Research Taiwan presented its white paper of 2007 in “CBRE Research Asia Regional Conference” held in the Renaissance HarbourView Hotel today. The white paper depicts the eastward movement of Taipei’s CBD and further analyzes the current situation as well as the future development of three advantaged areas—Xinyi Planned Area, Neihu Technology Park, and Nangang District. Benefiting by the extensive Mass Rapid Transit (MRT) system, along with the solid government support, these three areas are expected to be closely linked and mutually complement each other, thus resulting in the formation of a new “Taipei Development Triangle.”
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26-06-2007 :
Global Press Release: Global Real Estate Investment & Shanghai Market Performance
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Section 1
Global Real Estate Set To Soar
Growing Diversification of Investment Geography, Product and Strategy are identified as Key Trends in Global Real Estate. All major regions experience double-digit growth in real estate investment activities; cross-border investment activity is heightening most notably in Europe and Asia.
Section 2a
Crossing borders: Real Estate Investment Becomes a Global Game
Shanghai on Fast Track in Investment Globalization
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19-06-2007 :
CB Richard Ellis and Royal Institution of Chartered Surveyors
Jointly Launches UK/China Exchange Programme
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June 19th, 2007 Beijing – CB Richard Ellis announced today that it is partnering with the Royal Institution of Chartered Surveyors (RICS) to launch a UK/China Exchange Programme. The programme, the first of its kind supported by the RICS, offers a unique opportunity for selected second and final year UK real estate students to gain overseas work experience, via a three month placement within an office operated by CB Richard Ellis in China. This initiative forms part of an ongoing training and development programme being implemented by CB Richard Ellis, which also includes a Graduate Training Programme operated in conjunction with leading universities in China such as Tsinghua University and the People’s University in Beijing as well as Tongji University in Shanghai. These programmes form part of the ongoing objectives of CB Richard Ellis to offer training and development opportunities to employees, as well as the long term commitment of the company to the real estate industry both in China and internationally.
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13-06-2007 :
CB Richard Ellis Appointed as Global Sales Agent for“Tianjin Centre” by Forte Group
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June 13, 2007 Beijing – Forte Group, one of China’s largest real estate developers, announced today that it has launched the “Tianjin Centre”, a mixed use development located in Heping District, Tianjin. The residential apartments within the project are being launched in Hong Kong today by CB Richard Ellis, which has been appointed by Forte Group as the international sales agent in connection with the Tianjin Centre.
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01-06-2007 :
Luxury Residential Market from Handover to Today and
Forecast for the Future
The New Definition of Luxury Residential Properties
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1 June, 2007 Beijing – The Hong Kong luxury residential market has undergone a number of distinct cycles since the Handover in 1997. Following the difficult period which the market underwent between 1998 -2003, in which the luxury residential sector was successively impacted by the eruption Asia financial crisis, implosion of the dot.com bubble and the outbreak of SARs, commencing in year-end 2003 the emergence of closer cooperation between Mainland and Hong Kong governments has ushered in a period of buoyant economic growth in the local economy. This factor, coupled with strong growth for both leasing and purchasing luxury residential units and the continuous shortage of supply of high-end units have stimulated appreciation in the prices of luxury premises. In particular, values of luxury residential properties in non-traditional areas like the New Territories have recently witnessed the most dramatic appreciation.
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30-05-2007 :
Save a Child’s Life
CB Richard Ellis and Operation Blessing Jointly Launches
Philanthropic Programme to Provide Free Heart Surgery
for Impoverished Children in China
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May 30th, 2007 Beijing – CB Richard Ellis, the world’s largest commercial real estate services company, announced today that it has jointly launched a philanthropic programme across Greater China in conjunction with Operation Blessing China. Under the 3-year pilot programme, entitled ‘Save a Child’s Life’, CB Richard Ellis will provide funding support of RMB 160,000 each year to assist in the provision of free heart surgery for impoverished children in China. This initiative demonstrates a commitment to the welfare of children in China as well as an illustration of the broader corporate values held by CB Richard Ellis, as the company looks to give back to the community some of the benefits secured as a result of being a successful real estate services provider both globally and in Greater China.
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23-05-2007 :
Office Rents in Asia Demonstrate Strong Sustained Growth
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May 22, 2007 Beijing – 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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21-05-2007 :
CB Richard Ellis Expands in Northern China with New Office Presence in Dalian
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18 May, 2007 Dalian – 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 :
CB RICHARD ELLIS GROUP, INC. REPORTS EARNINGS PER SHARE UP 59% FOR THE FIRST QUARTER OF 2007
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May 16, 2007 Beijing – CB Richard Ellis Group, Inc. (NYSE:CBG) today reported revenue of $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 $0.05 for the first quarter of 2007, compared with $0.16 for the same quarter last year. Excluding one time charges1, first quarter 2007 diluted earnings per share was $0.27, an increase of 58.8% from the $0.17 earned in the first quarter of 2006, despite the $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 $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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25-04-2007 :
CLSA Capital Partners and CB Richard Ellis Join Hands to Create a New Commercial and Lifestyle Landmark in Greater Taipei
Worth NT$7 billion, Asia Plaza marks the largest foreign investment project
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25 April, 2007 Beijing – CLSA Capital Partners and CB Richard Ellis today jointly announced the official unveiling of a premium commercial complex in the Neihu Technology Park – Asia Plaza. Worth NT$7.06 billion, Asia Plaza is CLSA’s first property investment in Taiwan. It is not only the largest property development project in the Neihu Technology Park, but also the biggest foreign investment in Taiwan’s property market so far. Positioned as the headquarters for flagship enterprises, Asia Plaza was created specifically for technology companies. Its Prime location, large floor plates, world-class construction and management, as well as unique lifestyle features are certain to meet the needs of companies seeking sites for their global operational headquarters. Construction of Asia Plaza is scheduled to be completed in mid-2007, when it will become a new landmark in the Neihu Technology Park and among the business districts of greater Taipei.
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03-04-2007 :
CB Richard Ellis’ Views on the Hong Kong and Macau Real Estate Investment Markets
Review of Present Market Conditions and Analysis of Where the Smart Money is Going
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3 April, 2007 Beijing – On the back of strong economic fundamentals and optimistic outlook, investor sentiment in Hong Kong remained generally positive in the first quarter of 2007. Demand from both investors and end-users persisted, although the volatility in global and local stock markets has led some investors to become more cautious. As for the Macau’s investment market, the booming of the development of entertainment complexes in Macau which commenced in 2003-2004 reached its greatest intensity in 2005. By mid-2006, however, it had abated slightly, as concerns emerged in some quarters about whether demand would ultimately be sufficient to support the large number of entertainment facilities being planned.
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28-03-2007 :
CB Richard Ellis Selected for the Businessweek 50
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28th March, 2007 Beijing – 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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23-03-2007 :
CB Richard Ellis Further Expands in Eastern China with New Office Presence in Hangzhou
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March 23rd, 2007 Hangzhou – CB Richard Ellis announced today 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 will enhance the ability of CB Richard Ellis to provide services throughout Eastern China. The establishment of an office in Hangzhou will also result in CB Richard Ellis being well positioned to further capitalize upon growing business opportunities in Hangzhou and Ningbo and will allow 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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08-03-2007 :
CB Richard Ellis Opens New Office in Pudong, Shanghai
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8 March, 2007 Shanghai – CB Richard Ellis today announced that it has officially opened a new office in Pudong District in Shanghai, thereby further strengthening ability of the company 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 the company 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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5 March, 2007 Beijing – 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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08-02-2007 :
Asia & Europe Lead Continued Surge in Global Office Investment;Cross-border Activity Sees Substantial Rise
Six Out of 12 Major Global Markets Experienced More Than 30% Increase in Office Investment V
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8 February, 2007 Beijing – CB Richard Ellis Group, Inc., the world’s leading commercial real estate services firm, today announced that Investment in office buildings continues to surge around the globe, with markets in Asia and Europe experiencing the most significant increases in activity in 2006, according to its inaugural edition of Global InvestmentView, a new semi-annual report. Investment across borders has also increased, as competition among investors, yield compression, and a limited pool of desirable assets has led investors to broaden their geographic search for opportunities.
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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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6 February, 2007 Shenzhen – 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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08-01-2007 :
Strong Rallies In Leading REIT Markets, Further Expansion Expected In 2007
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8 January, 2007 Beijing –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. The Japanese REIT market set new records in 2006, with the number of J-REITs topping 40 and average market prices reaching new highs in November. The Singapore REIT market was also positive, with sentiment boosted by the flurry of IPOs and the encouraging post-listing performance of recently launched REITs, as well as the sustained high levels of acquisition activities within and outside Singapore. Relatively speaking, Hong Kong, South Korea and Thailand were laggards in the region, each with only one listed REIT/property trust fund coming on stream in the year to November.
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