Tag Archives: Chris Ludeman

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CBRE expands role of GWS Executive Managing Director Karen Ellzey to include Co-Executive Sponsor of LGBT & Allies

Los Angeles, 2017-Sep-22 — /EPR Retail News/ — CBRE today (September 20, 2017) announced that Karen Ellzey, CBRE Executive Managing Director, Global Workplace Solutions (GWS), has taken a leadership role for LGBT & Allies. Ms. Ellzey will serve as the Co-Executive Sponsor of the company’s employee network group.

Founded in 2009, LGBT & Allies is a group dedicated to supporting our LGBT community while influencing CBRE diversity and inclusion practices. Since launching the group, LGBT & Allies has grown to 300 employees.

Ms. Ellzey will work with Chris Ludeman, Capital Markets Global President and Co-Executive Sponsor to LGBT & Allies. Together they will support the LGBT & Allies leadership team on all their aspirations for the group.

“Karen has an outstanding history as a leader within our company. She has a reputation for getting things done and at the same time has a passion for diversity and inclusion topics,” says Mr. Ludeman. “I am confident she’ll bring the same excellence to her expanded role with LGBT & Allies.”

With 17 years at CBRE and over 20 years of experience in the real estate industry, Ms. Ellzey is a recognized thought leader. For GWS, she oversees client strategy and consulting, business analytics, the CBRE Institute, the Building Innovation Lab, and marketing and communications, in addition to supporting numerous strategic initiatives. She and her team specialize in corporate real estate organization design and delivery models, process design and optimization, business analytics, and occupancy cost solutions for public and private-sector clients. Their work includes consulting engagements, workshops, and innovation activities focused on helping clients define strategic priorities, identify improved solutions and implement new delivery models and methods that result in superior outcomes.

“The LGBT & Allies leadership team has created a strong foundation over the years and I look forward to supporting their progress and positive impacts. This group and its members have the potential to influence many professional lives at CBRE,” says Ms. Ellzey.

Additional information about diversity and inclusion practices at CBRE can be found at https://www.cbre.us/about/careers/diversity.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:

Robert McGrath
212.984.8267
robert.mcgrath@cbre.com

SOURCE: CBRE Group, Inc.

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CBRE achieves number one global position for commercial real estate investment sales according to Real Capital Analytics

Los Angeles, 2017-Mar-22 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) was the top-ranked firm for commercial real estate investment sales globally during 2016, according to Real Capital Analytics (RCA). CBRE has achieved the number one global position in each of the six years that RCA has published global rankings, which are based on seller representation activity.

RCA credited CBRE with 22.2% of market share* across all property types in 2016 on a global basis—an 800 bps (basis points) lead over the nearest competitor. CBRE held the top spot in RCA’s global rankings for office, retail, industrial, apartment and development sites.

RCA—which tracks global commercial real estate sales of $10 million and greater—estimates that approximately $1.28 trillion of commercial real estate was sold throughout the world in 2016. CBRE’s global investment sales volume reached $129.0 billion—an increase in volume of 2.6% year-over-year, according to RCA.

CBRE was also the number one firm for commercial real estate investment sales in the Americas in 2016. RCA estimates that approximately $411.5 billion of commercial real estate was sold in the Americas during last year. CBRE’s investment sales volume in the Americas reached $76.2 billion across all property types for a market share* of 23.7%.

“A wave of global capital continues to have increased attraction to the real estate sector and this will drive transactions in the months ahead. The world’s leading Sovereign Wealth Funds control close to US$7 trillion in assets and currently allocate just three percent to commercial real estate. While some of these funds are already investing in global markets, others from countries such as Japan, are only just getting started,” said Chris Ludeman, Global President, Capital Markets, CBRE.

“The Chinese have become a force in global real estate as they seek to diversify and enhance returns, but government controls are slowing capital migration. That said, over a trillion Chinese-sourced dollars are already at work around the world and this can be recycled to a large extent. On the whole, Asian growth will continue in 2017, with more demand from Hong Kong, Singapore, Malaysia and South Korea. The big Asia story for 2017, however, is likely to be Japan,” added Mr. Ludeman.

Highlights from RCA’s 2016 global rankings include:

  • CBRE executed $51.7 billion in global office sales as seller representative, for an industry-leading market share of 21.7% in 2016.
  • CBRE also claimed the top global position in retail sales as seller representative, with $18.0 billion in transactions—an increase in volume of 9.3% year-over-year. CBRE increased its global retail sales market share by 110 bps to 18.5% in 2016.
  • CBRE was again the top global firm in logistics and industrial sales as seller representative, with $19.0 billion in transactions—an increase in volume of 3.4% year-over-year—for a market share of 32.3%.
  • CBRE apartment sales totaled $31.1 billion as seller representative—an increase in volume of 16.7% year-over-year. CBRE increased its apartment sales market share to 23.7% in 2016.
  • CBRE was again the top firm in development site sales as seller representative in 2016, with $5.2 billion in transactions and a market leading share of 24.1%.
  • CBRE was also the leading buy-side broker globally.

* Market share has been calculated based on the dollar volume of transactions where CBRE represented the seller, divided by the total volume of seller-brokered transactions.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

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CBRE named as a Best Place to Work for LGBT Equality for the fourth consecutive year

CBRE Scores 100% on Human Rights Campaign Foundation’s Annual Scorecard on LGBT Workplace Equality

Los Angeles, 2016-Dec-08 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) announced that it received a perfect score of 100 percent on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality that is administered by the Human Rights Campaign Foundation. With its high score, CBRE is recognized as a Best Place to Work for LGBT Equality. This marks CBRE’s fourth consecutive year of achieving a perfect score, and the company continues to pave the way for increased diversity across the entire commercial real estate industry.

“We are grateful that our people are committed to upholding our values while creating outstanding outcomes for our clients—together our efforts underscore the value of an inclusive and diverse workforce,” said Chris Ludeman, global president, Capital Markets, CBRE and co-executive sponsor of the company’s LGBT & Allies Network Group. “We are honored that HRC has recognized our commitment for the fourth consecutive year by recognizing CBRE as a Best Place to Work for LGBT Equality.”

The 2017 CEI rated 407 major businesses in the report, which evaluates LGBT-related policies and practices such as non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBT community.

CBRE’s LGBT & Allies Network Group plays an instrumental role in ensuring CBRE satisfies all of the CEI’s criteria and in engaging with national organizations such as Out & Equal that advocate for workplace equality.

“We are committed to celebrating the successes of all our people in order to deliver exceptional outcomes to our clients,” said Tim Schroeder, managing director, Global Workplace Solutions, CBRE and co-executive sponsor of the LGBT & Allies Network Group. “We are extremely proud of our people and of this important achievement that recognizes our commitment to a diverse and inclusive environment.”

Earlier this year, CBRE was ranked 15th on the list of 500 U.S.-based companies in Forbes magazine’s 2016 “America’s Best Employers” list. CBRE was also recognized as one of Fortune magazine’s Most Admired Companies for the fourth straight year and named a World’s Most Ethical Company by The Ethisphere Institute for the third consecutive year.

More information on CBRE’s diversity and inclusion efforts can be found here. For more information on the 2017 Corporate Equality Index or to download a free copy of the report, visit http://www.hrc.org/cei.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

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CBRE releases ‘Global Gateway Cities’ report on prime office and prime retail locations of 20 global gateway cities

Los Angeles, 2016-Nov-04 — /EPR Retail News/ — CBRE Group Inc. today (November 2, 2016) releases ‘Global Gateway Cities’–a comprehensive guide for investors seeking to acquire real estate assets in the world’s great cities.

The report focuses on the prime office and prime retail locations of 20 global gateway cities, providing perspective on key variables such as economic trends; occupier trends; supply trends; rent trends; yield trends; and investment activity, so that investors can quickly and easily understand pricing and market conditions.

Beijing, Boston, Chicago, Frankfurt, Hong Kong, London, Los Angeles, Madrid, Milan, Munich, New York, Paris, San Francisco, Shanghai, Singapore, Sydney, Tokyo, Toronto, Vancouver and Washington, D.C. are featured in the report as key targets for international investors. These cities were selected based on size, transport infrastructure, corporate presence, real estate investment flows and several other indicators of importance.

“Global gateway cities offer many benefits to real estate investors. Their attractiveness to people and businesses means that space demand in commercial real estate markets increases steadily over the long-term, underpinning rental growth. These cities are highly liquid markets, where real estate investments can be readily bought and sold. Real estate in the global gateways provides capital protection and, in this era of low bond rates, a good income return. Lot sizes vary from small to huge, so large sums of capital can be deployed if necessary,” said Chris Ludeman, Global President, CBRE Capital Markets.

“We live in an age of cities. In emerging markets, they are hubs of explosive growth in production and distribution facilities. In the developed world, where the service sector drives economic activity, cities have reinvented themselves as vibrant live-work-play destinations. Millennials continue to flock to cities to work in the highly dynamic sectors of tech, fashion and high finance,” said Dr. Richard Barkham, Global Chief Economist, CBRE.

“The great gateway cities are world-class transport hubs; they are networked into the global economy via their ports and airports, and to their hinterlands via the road and rail network. Their Central Business Districts, with extensive stock of modern offices, host national and regional corporate headquarters and the legal, accountancy and consulting services these require. These cities have highly diversified economies with many sectors and subsectors, which, alongside their entrepreneurialism, makes them highly resilient to the ebb and flow of economic events,” Mr. Barkham added.

To download a copy click here.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2015 revenue).  The Company has more than 70,000 employees (excluding affiliates), and serves real estate investors and occupiers through more than 400 offices (excluding affiliates) worldwide.  CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.

MEDIA CONTACT:
Robert McGrath
Senior Director, Global Media Relations
+1 212 9848267

Source:  CBRE Group, Inc.

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CBRE: Global real estate investors remain strongly expansionary in 2016

London, Los Angeles and Sydney are Top Regional Targets to Investors Office is Most Attractive Property Type Ahead of Retail, Multifamily

Los Angeles, CA, 2016-Mar-22 — /EPR Retail News/ — Global real estate investors remain strongly expansionary in 2016, with more than US$1 trillion of planned expenditures anticipated to enter global real estate markets—6 percent higher than in 2015, according to the CBRE Global Investor Intentions Survey 2016.

The 2016 survey was conducted between January and early February, and captured negative sentiment arising from volatility in China’s stock market at the time. The survey asked investors how much capital (gross acquisitions) they would deploy in real estate purchases this year. The results reveal there is approximately US$1.16 trillion of capital targeting property investment in 2016—an increase of 3 percent from 2015 levels in local currency terms.

The majority of investors (82 percent) indicate that their buying activity will increase or remain the same compared to 2015. While these results are down slightly from the last two years—86 percent in 2015 and 93% in 2014—this is not indicative of widespread concern about the short- or medium-term performance of real estate as an asset class. More likely, it reflects some concerns about pricing, the direction of U.S. interest rates and current volatility in equities.

“Investors continue to find real estate appealing, chiefly due to the relatively higher returns and stability on offer. We believe that 2016 will be another active year for the global real estate investment market, with capital flows 6 percent higher than in 2015. There is more than US$1 trillion of capital targeting real estate in 2016 and this volume of expenditure will maintain support for global real estate prices,” said Chris Ludeman, Global President, Capital Markets, CBRE.

“Investment strategies are shifting amid concerns about the health of the global economy. Not surprisingly, 2016 looks likely to be a “risk-off” year, with investors reporting they are more focused on core assets and less likely to seek secondary, value-add and alternative opportunities,” added Mr. Ludeman.

North America is the most popular destination for investment (48 percent), ahead of Western Europe (28 percent). This is consistent with the relative sizes of the investable property markets in these locations. The results are similar to 2015, apart from an increase in interest in Central and Eastern European markets due to the pace of economic recovery in that region and relatively attractive pricing.

Investors continue to express a strong preference for gateway core cities. In EMEA, London topped the list of target cities, although is less popular than in previous years. If the major German cities are grouped together, they are slightly ahead of London. In the Americas, Los Angeles, New York and Dallas-Ft. Worth are the top three targets of preference. In Asia Pacific (APAC), Sydney and Tokyo are the most popular destinations—exchanging places since 2015. Notably, there are now two Australian cities among the top five: Sydney and Brisbane.

Interest in cross-border investment remains strong, with two out of five respondents stating that they are seeking opportunities outside their home region. This is especially true of APAC-based investors, particularly South Korean and Singaporean, who are more likely to invest outside their home region than their colleagues in the Americas and EMEA.

One of the most notable features of this year’s survey is a jump in demand for core assets and a decline in interest in good secondary and value-add properties. Twenty-one percent of survey respondents said their risk appetite for secondary assets is higher in 2016 compared to last year, down significantly from 37 percent. If this plays out, it is likely that the spread between prime and secondary yields will begin to widen, following several years of compression.

In terms of asset classes, office (30 percent) remains the most popular property type globally, though interest is down slightly compared to last year. There is a notable uptick in interest for retail (21 percent) and multifamily assets (20 percent) from 2015.

To request a copy of CBRE’s Global Investor Intentions Survey 2016 or to speak with a CBRE expert, please contact Aaron Richardson (212.984.7126 or aaron.richardson@cbre.com) or Ayana Miller (212.984.6506 or ayana.miller@cbre.com).

Survey methodology and composition of respondents
The “Global Investor Intentions Survey” was conducted among CBRE clients between January 11th and February 3rd, 2016. More than 1250 responses were received representing investors from across the globe. The responses came from a broad spectrum of investor types, with institutional investors, namely pension funds, insurance companies, fund or asset managers, sovereign wealth funds and banks, forming 50% of the sample. There is a small regional variation in the samples.

In EMEA, the number of fund and asset managers is higher than in Asia Pacific and the Americas, and private property companies are a lower proportion. Other than that, the regional samples are similar.

There was not a great deal of difference in response by type of investor organization, but where we do, that is pointed out in our commentary. The global results that we report are based on a weighted average of the regional results. The weights are based on the long-run share of global capital flows from each region as a percentage of the total: the Americas, at 50%, Asia Pacific, at 14%, and EMEA, at 36%. As mentioned above, the regional differences we highlight are relative to the weighted global average.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

Media Relations
+1 212 9848267
Robert.McGrath@cbre.com

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CBRE: Middle East to spend an average of US$15.0 billion per year into direct real estate globally

  • Middle Eastern Capital Increasingly Targeting U.S. Markets
  • Private Investors Emerge as Major New Source of Outbound Capital

Los Angeles, 2015-8-6— /EPR Retail News/ — An average of US$15.0 billion per year will flow out of the Middle East into direct real estate globally in the near-term, with investors from the region increasingly targeting U.S markets, according to the latest research from global property advisor CBRE Group, Inc.

The Middle East continues to be one of the most important sources of cross-regional capital into the global real estate market, with US$14.0 billion invested outside of the home region in 2014—the third largest source of capital globally. Qatar, driven by its sovereign wealth funds (SWFs), was by far the largest source of outbound capital with US$4.9 billion invested. Saudi Arabia has emerged as a significant new source of capital globally, investing US$2.3 billion in 2014, up from almost no reported investment in 2013.

The Middle Eastern investor base has expanded, fueled by weakening oil prices; this has led to a major shift in global investment strategies towards greater geographic and sector diversification, with activity spreading across gateway markets to second-tier locations in Europe and the Americas. A greater proportion of Middle Eastern capital is now targeting the U.S.—the US$5.0 billion invested globally in Q1 2015 was almost equally split between Europe and Americas, with New York, Washington, D.C., Los Angeles, and Atlanta targeted. London, while retaining the top position, is no longer as dominant, with a 32 per cent share of all Middle East outbound investment in 2014, compared to 45 per cent in 2013.

Top Investment Hotspots for Middle Eastern Capital

MIDDLE EAST INOUT_USA.jpg

Middle Eastern investors are becoming more active across a wider range of sectors. This is clearly evident in the U.S. where, historically, these investors have bought office buildings and trophy hotels in New York, Los Angeles and other gateway markets. Competition from Chinese investors and other global capital sources means that these investors are increasingly seeking alternatives, such as Abu Dhabi Investment Authority’s $725 million acquisition this year of a 14.2 million-sq.-ft. industrial portfolio.

“While not back to the peak levels of the pre-global financial crisis, Middle Eastern capital flows into the U.S. continue to be strong, growing and diversifying in nature. As the big sovereigns continue to seek safe havens and long-term stable growth potential, the flow of capital from the Middle East will become even stronger. We expect a greater amount of this capital to start looking beyond the gateway markets to achieve its objectives,” said Spencer Levy, Americas Head of Research, CBRE.

Private, non-institutional investors (property companies, high net worth individuals (HNWI), equity funds and any other form of private capital) have emerged as a major and increasing source of outbound capital from the Middle East. With a greater allocation to real estate and more concentration on geographical diversification away from the home region, the potential for non-institutional investors to expand their global real estate investments is of growing importance. Weaker oil prices are a strong contributing factor to this, triggering and accelerating global deployment of capital, with value-add investments in high demand. CBRE forecasts that global real estate investment by non-institutional capital from the Middle East will range from US$6.0 to $7.0 billion per annum in the near-term, if not higher, increasing from approximately US$5.0 billion per year during 2010 to 2013.

“Private capital from the Middle East is once again becoming a measurably more important investor group globally. The most immediate change will bring down the average lot size, as non-institutional investors tend to target assets at circa US$50.0 million. This extends naturally to a more diverse investment strategy—a trend already felt in the market so far in 2015 and is expected to become more pronounced in the next six to 18 months. In particular, we expect the Americas region to see more capital flows from the Middle East, with Europe less dominant than it has been over the last five years,” said Chris Ludeman, Global President, CBRE Capital Markets.

In addition to private capital, SWFs from the Middle East are also expected to remain important market-makers, albeit not as strong in their acquisition strategies as they would have been if oil prices had not fallen. It is very unlikely that regional governments will make radical decisions to affect the existing capital allocations, with only new allocations likely to be affected. CBRE expects US$7.0 to $9.0 billion per annum of Middle Eastern SWF investment to flow into direct global real estate in the near- to mid-term, compared to what would have otherwise been in the range of US$9.0 to $11.0 billion per annum had oil prices remained at levels above $100 per barrel.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For CBRE Capital Markets news follow us on:
Twitter:  @CBREcapitalmkts
LinkedIn: CBRE Global Capital Markets

For Further Information:

Aaron Richardson
T +44 20 7182 3329
email

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CBRE: Chinese outbound capital flows into global commercial real estate markets exceeded US$10 billion in a year for the first time ever

U.S. Accounts for Over One Fifth of Total Outbound Investment from China

Los Angeles, 2015-7-23 — /EPR Retail News/ — Chinese outbound capital flows into global commercial real estate markets have exceeded US$10 billion in a year for the first time ever, according to the latest research from CBRE Group, Inc.

Over the past four years annual China-sourced outbound flows to commercial real estate experienced a compound annual growth rate (CAGR) of approximately 72 per cent to reach over US$10 billion 1  for the year 2014. China accounted for over one quarter of total outbound commercial real estate investment from Asia during 2013 and 2014.

The past two years have seen a dramatic rise in outbound capital flows into real estate from Chinese institutional, corporate and High Net Worth Individual (HNWI) investors.  What began with China’s sovereign wealth funds (SWFs) and tier-one insurers purchasing high-profile trophy assets abroad has now spread to acquisitions by mid-tier insurers and corporate investors. Chinese real estate developers have also been active, expanding into overseas markets in a bid to meet increasing demand from mainland HNWIs for residential assets in key destinations.

Cities in the U.K., the U.S., and Australia have become the top three markets for mainland Chinese investors in terms of commercial real estate investment. Initial purchase activity has largely focused on residential, premium office and hotel assets in gateway cities.

“The explosive growth in purchases of offshore real estate by Chinese investors has presented a new class of investor to global markets. Opportunity has drawn these investors to some of the world’s most attractive real estate destinations; as these investors and developers gain experience and become more confident in overseas markets, we expect that an increasing amount will start to look for opportunities across a wider range of geographies and a greater variety of asset types,” said Chris Ludeman, Global President, CBRE Capital Markets.

U.S.-bound flows accounted for over one fifth of total outbound investment from China in 2013 and 2014; the majority of which has gone to hotel and office assets, as well as development sites, in gateway cities. Over the two-year period, purchases of hotel and office assets in New York, Los Angeles, Chicago, Houston and San Francisco accounted for over 60 per cent of U.S.-bound capital to commercial real estate, with purchases of premium office and hotel assets in New York and Los Angeles comprising approximately half of the total.

“Chinese investors are only beginning to tap into the vast set of opportunities available to them in the U.S. As competition in gateway cities continues to increase, Chinese investors will need to include other large metropolitan areas, such as Atlanta, Boston, Dallas, Denver and Seattle in the hunt for better investment opportunities. Institutional investors are also beginning to take note of the attractive returns offered by industrial and logistics properties. As Chinese investors widen their search to new markets, they will also need to develop a more sophisticated understanding of local dynamics,” said Brian McAuliffe, Executive Managing Director, Americas, CBRE Capital Markets.

China outbound flows to US commercial real estate

 

Expanding Role of Chinese Capital Infograpphic.jpg

Expanding Role of Chinese Capital Infograpphic.jpg

UK-bound investment activity among Chinese corporate and institutional investors has placed most of its focus on large, prime office assets in core areas in London. Real estate acquisitions in London accounted for approximately 80 per cent and 52 per cent of total China-sourced commercial real estate investment flows to Europe in 2013 and 2014, respectively.

Australia has relied largely on the strength of its commercial ties with China, its largest trading partner. In 2014, China rose to become the second largest foreign purchaser of commercial property in Australia—behind only Singapore—with properties in Sydney the most attractive to Chinese investors.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For CBRE Capital Markets news follow us on:

Twitter:  @CBREcapitalmkts

LinkedIn: CBRE Global Capital Markets

1 Figures only account for direct investment into commercial property, and do not include investment into development sites or individual investor purchases of residential property. Source: CBRE, Real Capital Analytics

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CBRE’s Global Investor Intentions Survey 2015: Global real estate investors remain confident with more than half planning to increase their acquisitions in 2015

London is Number One Global Target; Secondary Markets Gain in Popularity

Los Angeles, 2015-5-7 — /EPR Retail News/ — Global real estate investors remain confident and their intentions are expansionary, with more than half planning to increase their acquisitions in 2015, according to CBRE’s Global Investor Intentions Survey 2015.

Globally, 53 percent of investors plan to increase their purchases this year. Investor appetite for cross-regional acquisitions has increased significantly with 38 percent of respondents intending to invest outside their own region this year–up from 28 percent in 2014. Among these investors, 31 percent identified Western Europe as the top destination.

London retained its position as the top city for investment, while other gateway cities such as Tokyo, Sydney, New York and Paris remained in the top ten. Second-tier cities saw an increase in investor interest in 2015, with Madrid, Dallas and Seattle all making the top ten. This reflects investors’ search for more attractive yields, as well as greater knowledge and comfort with a larger number of global cities. There is also a marked increase in appetite among investors from EMEA and North America for value-add and opportunistic investments. In contrast, Asia Pacific saw a significant jump in investors preferring prime core assets at 43 percent in 2015, compared to 29 percent last year.

Office and industrial remain the preferred asset classes, selected by 33 percent and 29 percent of investors respectively. Investor interest in industrial and logistics assets is being driven by the structural change in the retail sector and the growth of e-commerce; however, there is a limited supply of assets in this sector available for sale, meaning that investors will continue to face challenges when sourcing deals.

Half of respondents identified asset pricing as the top obstacle to acquiring real estate assets. The tight availability of assets (21 percent) and competition from other investors (19 percent) were also identified as obstacles in all regions.

“The appetite for global real estate investment is increasing as more investors intend to deploy capital outside of their own region this year. Competition for assets is intensifying and many investors plan to move out the risk curve in search of higher yields–a trend that will result in a stronger focus on value-add and opportunistic investments. We believe that a low interest rate environment, economic expansion in an increasing number of markets, and corresponding improvement in real estate fundamentals will attract capital to commercial real estate,” said Chris Ludeman, Global President, CBRE Capital Markets.

To request a copy of CBRE’s Global Investor Intentions Survey 2015 or to speak with a CBRE expert, please contact Aaron Richardson (212.984.7126 or aaron.richardson@cbre.com) or Ayana Miller (212.984.6506 orayana.miller@cbre.com).

About the survey
The 2015 CBRE Global Investor Intentions Survey was conducted using an online questionnaire in January 2015.  Responses were obtained from more than 700 real estate investors in the Americas, EMEA and Asia Pacific from a broad range of investor types including asset managers; property companies; institutional investors; REITs; private investors and banks. 317 responses were obtained in Asia Pacific; 290 in EMEA; and 85 in the Americas. The global survey results were formulated by weighting the survey responses according to global capital flows in all three regions.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information

Aaron Richardson
T +1 212 9847126
email

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CBRE Group, Inc. ranks on top for global commercial real estate investment sales in 2014 according to Real Capital Analytics

Los Angeles, 2015-3-12 — /EPR Retail News/ — CBRE Group, Inc. (NYSE:CBG) was the top-ranked firm for commercial real estate investment sales throughout the world during 2014, according to Real Capital Analytics (RCA).  CBRE has achieved the number one position in each of the four years that RCA has published global rankings.

RCA credited CBRE with a 19.1% market share* across all property types in 2014 on a global basis. CBRE held the top spot in RCA’s global rankings for industrial, apartment and development sites.

RCA, which tracks global commercial real estate sales of $10 million and greater, estimates that approximately $1.2 trillion of commercial real estate was sold throughout the world in 2014 – the same amount as in 2013.

“By aligning our deep experience across all asset types with unrivaled access to global capital sources, we have been able to deliver real competitive advantage and superior results for our clients in 2014,” said Chris Ludeman, Global President, CBRE Capital Markets.

Highlights from RCA’s 2014 rankings include:

  • CBRE was the top firm in industrial sales, with $16.1 billion in transactions and a market share of 30.0%.
  • CBRE executed $24.3 billion in apartment sales, for an industry-leading market share of 27.4%.
  • ​CBRE’s development site sales totaled $3.8 billion, for a market share of 21.2%.

* Market share has been calculated based on the dollar volume of transactions where CBRE represented the seller, divided by the total volume of seller-brokered transactions.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue).  The Company has more than 52,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 370 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com

For Further Information

Aaron Richardson
Director, Communication-Media
T +1 212 9847126
email

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CBRE research: Canada is the unrivaled global investor in U.S. real estate

Norway, China, Japan and Germany Major Players in U.S. Market

​Los Angeles, 2015-2-6 — /EPR Retail News/ — Canada is the unrivaled global investor in U.S. real estate with nearly $10 billion of direct investments in 2014—ahead of Norway, China, Japan and Germany—according to the latest research from CBRE.

Global direct investment in U.S. real estate totaled $41 billion in 2014—about 11% of all investment in U.S. property assets*. This represents a 6% increase in global investment when compared to 2013.

Canada was the lead global buyer of U.S. real estate last year with 26% of direct foreign investment—$9.7 billion. Canadian investors have already transacted a significant $2.75 billion in U.S. real estate as of mid-January 2015. Canadian real estate investment in the U.S. was one of the largest cross-border capital flows in the world in 2014 after U.S.-to-U.K. and Hong Kong-to-China capital flows.

Microsoft Word - Press Release - Canadian Foreign Investment in

Norway was the second largest global investor in U.S. real estate in 2014 with 11% of direct foreign investment—$4.4 billion and a 120% increase year-over-year. China and Japan reached total investment levels in the U.S. of $3.8 billion (+6%) and $3.5 billion (+397%), respectively, each representing 9% of the global total. German buyers transacted $2.9 billion (+5%) in U.S. real estate, representing 7% of the global total.

“While we have seen rapidly rising Chinese global investment and oil-rich countries in the Middle East or Norway increasing their allocations to global real estate, Canadian buyers continue to dominate foreign investment in the U.S. and should remain on the radar screens of American investors and owners of U.S. real estate,” said Chris Ludeman, Global President, CBRE Capital Markets.

“Canadians, other global investors and Americans share the same challenge—finding attractive opportunities with reasonable pricing that can produce a favorable risk-adjusted return. That said, we expect the investment climate to remain brisk and U.S. volumes will continue rising in 2015.”

The U.S. is by far the largest destination for Canadian global capital. Of the $22 billion that Canada invested outside of its borders in 2014, 44% went to the U.S. The next highest shares—17% and 14%—went to Australia and the U.K., respectively. It should be noted that the U.S. market share of Canadian global investment dropped below its 2007-14 average of 48% in 2014.

“Canadian investors find U.S. real estate attractive for many of the same reasons that other countries do. The U.S. offers opportunities for value creation, healthy cash flows and favorable risk-adjusted returns,” said Ross Moore, CBRE’s Director of Research for Canada. “The level of Canadian investment is highly correlated with the health of the American economy and exchange rates, but the overriding motivation is that Canadian institutional investors need to look beyond their borders to find product and achieve greater diversification.”

Canadian investment is more geographically widespread across the U.S. than other global capital. This should not be surprising given the magnitude of Canadian investment, its high degree of familiarity with U.S. markets beyond the gateway cities, and the relatively low cost and time commitment for Canadian investment professionals to travel to U.S. markets.

For all property types combined, as with total global capital flows into the U.S., New York is the leading destination for Canadian real estate capital, followed by Boston and Broward County in Florida, which made the list due to a significant hotel acquisition. Seattle is somewhat unusual for global capital, but not unusual for Canadian capital given its proximity to Canada and, in particular, Vancouver.

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* Preliminary figure and may be revised upward as final 2014 closings are recorded. These statistics come from Real Capital Analytics’ transactional database, which includes commercial real estate transactions exceeding $2.5 million. The figures include neither entity-level acquisitions nor pending or under-contract transactions.​

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue). The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com

For Further Information

Aaron Richardson
Director, Communication-Media
T +1 212 9847126
email

Ayana Miller
Specialist, Communication
T +1 212 9846506
email

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CBRE Group, Inc. received perfect score of 100% on the 2015 Corporate Equality Index (CEI)

CBRE Scores 100% on Human Rights Campaign Foundation’s Thirteenth Annual Scorecard on LGBT Workplace Equality

​LOS ANGELES, 2014-11-25 — /EPR Retail News/ — BRE Group, Inc. (NYSE:CBG) announced that it received a perfect score of 100% on the 2015 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality that is administered by the Human Rights Campaign Foundation. With its high marks, CBRE is recognized as a Best Place to Work for LGBT Equality. CBRE also received a perfect score in last year’s CEI and at that time became the first commercial real estate company to achieve such a score.

“The designation as a Best Place to Work for LGBT Equality for a second consecutive year is validation that we are creating a culture of inclusion within CBRE,” said Jennifer Ashley, Global Human Resources Director. “We are honored to serve as leaders in our industry as we strive for greater workplace equality.”

The 2015 CEI rated 972 businesses in the report, which evaluates LGBT-related policies and practices such as non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBT community.

CBRE’s LGBT Network Group plays an instrumental role in ensuring CBRE satisfies all of the CEI’s criteria and in engaging with national organizations such as Out & Equal that advocate for workplace equality.

“CBRE’s commitment to create an all-inclusive workplace and workforce is underscored by our various affinity groups, including the LGBT Network Group,” said Chris Ludeman, Co-Executive Sponsor of the LGBT Network Group. “We are incredibly proud of CBRE’s 100% score on the Corporate Equality Index.”

For more information on the 2015 Corporate Equality Index or to download a free copy of the report, visit www.hrc.org/cei.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Robert Mcgrath
Director, Sr
T +1 212 9848267
email

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CBRE Group, Inc. announces the appointment of Brian Stoffers as Global President, Debt and Structured Finance

Los Angeles, 2014-10-22— /EPR Retail News/ — CBRE Group, Inc. has appointed Brian Stoffers as Global President, Debt and Structured Finance. Mr. Stoffers, a 30-year veteran of CBRE, previously served as President, Debt & Structured Finance, Americas and Chief Operating Officer, Capital Markets.

The appointment is part of CBRE’s overall growth strategy and global unification of its Capital Markets business. Mr. Stoffers will help expand and integrate CBRE’s Debt & Structured Finance offering globally, with practices in the Americas, Asia Pacific, and Europe, Middle East and Africa (EMEA), including Global Loan Servicing, Loan Sale Advisory, and Investment Banking reporting to him directly. Mr. Stoffers will continue to report to Chris Ludeman, Global President, Capital Markets, while aligning with CEOs in all three global regions.

With Mr. Stoffers’s promotion, Jeff Majewski will be named Chief Operating Officer, Capital Markets, Americas; a role that combines the Debt & Structured Finance and Investment Properties platforms—which Mr. Stoffers has fulfilled to great success for the past three years.

Chris Ludeman said:

“Our Debt & Structured Finance business line is closely aligned with our sales business and together with our investment banking group creates the service spectrum that clients demand from CBRE as the global market leader. Brian’s vision for our Debt & Structured Finance business globally will enhance our ability to serve customers with the highest levels of consistent advice and execution.

“A collaborative and value-based leader, Brian is a friend and mentor to many at CBRE; he is precisely the type of professional we need to drive the Debt & Structured Finance team to the next level of global success.”

Mr. Stoffers has played an integral role as a member of CBRE’s Capital Markets team for more than 30 years. Under his leadership, Debt & Structured Finance practice has originated nearly $112 billion in loan volume since 2007. Additionally, this practice maintains a loan services portfolio of more than $80 billion in the United States, while CBRE’s EMEA servicing portfolio has grown by an additional $30 billion.

A highly respected industry professional, Mr. Stoffers is an expert across the spectrum of debt advisory products and services. He currently serves on the Board of Directors for the Mortgage Bankers Association and National Multi-Housing Council.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.

For Further Information:

Aaron Richardson
Director, Communication-Media
T +1 212 9847126
email

Ayana Miller
Specialist, Communication
T +1 212 9846506
email