News

LEASE OF OFFICE SPACE FOR “SBERBANK RUSSIA” IN ALMATY, KAZAKHSTAN

Scot Holland | CB Richard Ellis has announced the closingof a deal and signing of a Lease Agreement for new office premises for “SberbankRussia” in Almaty. The new premises have a total area of more than 2,200 sqm andare located in the “Кen Dala” Business Center. Scot Holland | CB Richard Ellis wasappointed as the primary consultant and Agent for this transaction. "Sberbank Russia" is a universal...

NEW OFFICE OF BAXTER INTERNATIONAL INC.

Scot Holland CBRE has announced the closing of a deal for securing new office premises for Baxter International Inc in Almaty, Kazakhstan. Baxter International Inc. (NYSE:BAX) is a transnational healthcare corporation headquartered in USA. Baxter is one of the world’s largest developers, manufacturers and suppliers of healthcare products and services, and has been taking leading positions across a...

Q2 2010 revenue rose 23% to US.2 bln

CB Richard Ellis reports improved financial results for Q2 2010. Revenue for the quarter rose 23% to US.2 billion. This is the strongest year-over-year quarterly growth since Q4 2007. Earnings per share (EPS), adjusted for selected items, rose more than four-fold to US.18. This is well ahead of the US.09 analyst consensus estimate. Earnings Before Interest, Taxes, Depreciation and Amortizati...

NEW OFFICE OF “WORLD PERFECT TRANSLATIONS” IN ALMATY

Scot Holland CBRE has announced the closing of a deal for securing new office premises for “Word Perfect Translations” in Almaty, Kazakhstan. The necessity to expand the existing office was prompted by the growth and development of the company in Kazakhstan. Word Perfect Translations is a 100% Irish-owned company, established in 2001 and providing a range of interpretation and translation services...

Moscow attracts 72% of luxury retailers

Moscow is in ninth place, with 72% of luxury retailers present, according to the new edition of How Global is the Business of Retail? by leading global real estate adviser CB Richard Ellis. Tokyo and Milan share this position in the rankings along with Moscow. Hong Kong maintained its position as the most popular global destination for luxury retailers, attracting 91% of luxury brands surveyed as...

The CEE real estate market saw an increase of 32% in investment activity

CEE real estate investment turnover reached €953 million in the second quarter (Q2) of 2010, a 32% increase on the €721 million transacted in the first three months of 2010, according to the latest data from CB Richard Ellis. Investment turnover rose despite the stress factors emerging in the broader capital markets, such as the sovereign debt crisis and the introduction of austerity measures by m...

CBRE Ranked #1 in Global Property Management

We have now been ranked as the industry leader for seven consecutive years. CB Richard Ellis has once again been named as the number one firm in National Real Estate Investor‘s annual ranking of the top property management companies. With 230 million sq m under management globally, our portfolio is more than 50 percent larger than our nearest competitor. There is approximately 800,000 sq m Propert...

Moscow sees the largest office yield reduction

The largest office yield reduction during Q2 2010 was in Moscow (down 100 basis points to 11%), according to CB Richard Ellis’ latest EMEA Rents and Yields Indices. The Hague has taken the number two position (down by 35 basis points to 5.75%). The report shows that prime rents and yields across key European markets remained broadly stable in the second quarter (Q2) of 2010.Evidence of rental impr...

European governments turn to property asset sales to help bolster public finances

With several European governments recently announcing deficit-reduction plans, the motivation for many governments to sell public sector-owned property assets to raise much-needed capital will become more widespread across Europe in the next 12 months. The global banking crisis and recession have led to a sharp deterioration in public finances in most major economies. As a result, a number of Euro...

CB Richard Ellis Group Inc. earns Frost & Sullivan’s Global Excellence in Outsourcing Award

CB Richard Ellis Group, Inc announced that it is the first recipient of Frost & Sullivan’s Global Excellence in Outsourcing Award in the commercial real estate services sector. Frost & Sullivan researchers evaluated five leading outsourcing firms based on the following criteria: market intelligence, cost optimization, impact of outsourcing on the firm’s growth, value creation and innovation.
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