CB Richard Ellis Group, Inc. announces several strategic European acquisitions (EUR)

CB Richard Ellis Group, Inc. (CBRE) has completed several acquisitions that significantly expand its full service capability across Europe. Over the past month, CBRE has acquired Holley Blake in the UK, Corporate Property Management Services (CPMS) and Artequation in France and Rietmeijer & Partners B.V in the Netherlands.

Holley Blake is the leading industrial real estate services specialist in the United Kingdom. The acquisition gives CBRE the leading position in the industrial and logistics sectors in the United Kingdom, and marks an important step in the Company's continued expansion of its full-service capabilities across Europe. Founded in 1996 by Simon Holley and Simon Blake, the firm has built a solid reputation. Its industrial and office teams are particularly strong in the Thames Valley, the UK's equivalent of Silicon Valley, and Holley Blake is also recognized as a leading real estate investment specialist. The 16-person firm advises some of the biggest names in the UK industrial market, including Brixton, ProLogis, Gazeley, Astral and Parkridge.

Paris-based CPMS is a leading property management and corporate facilities management services firm in France. Established in 1986, CPMS has a blue-chip international client roster, including AIG, Morgan Stanley, DB Real Estate, DEKA, GE Capital, Curzon, Kanam, and many other major real estate investors. The acquisition of CPMS brings CB Richard Ellis' property management staff to 80 professionals in France and its total property management portfolio in France to approximately 14 million ft².

Artequation is a leading company in project management and building consultancy in France. This acquisition continues the expansion of CBRE's service offering in Europe to meet the growing spectrum of client requirements. Founded in 1993 by Pierre Emmanuel Sauvage, Artequation employs a staff of 21 architects, engineers and building consultancy professionals that service all commercial property types. During the past six years, Artequation has provided services for more than 10 million ft² of property, including such high-profile assignments as the Centorial, the Madone, the Wilo, the Jade, Inovatis 1 (office buildings in the Paris region) and Radisson Hotels. The company is currently involved in projects totaling more than 5 million ft².

Rietmeijer & Partners B.V., (also known as Rietmeijer Huisvestingsadviseurs), is a leading building consultancy firm in the Netherlands. The combination of Rietmeijer with CBRE will provide Dutch clients with a wide range of international expertise in property, facilities and project management as well as other real estate services. Previously, the two organizations have successfully collaborated on a number of client assignments.

Source: CB Richard Ellis

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