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CBRE Group, Inc. Acquires PSM Center Management to Expand Retail Real Estate Capabilities in Switzerland

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CBRE Group, Inc. (NYSE:CBG) today announced that it has acquired PSM Center Management AG, a shopping center management, leasing and consulting company in Switzerland.

Based in Zurich, PSM manages a portfolio of 11 shopping centers, totaling 133,000 square meters (1.4 million sq. ft.) on behalf of institutional clients and private investors. Established in 2003, PSM also provides retail leasing and consulting services, including concept advisory and shopping center due diligence.

CBRE operates the leading shopping center management business in Europe, with a portfolio of over 200 centers totaling more than five million square meters (54 million sq. ft.). CBRE also provides a full range of retail real estate services including investment sales, property and asset management, valuation, leasing, financing, facilities management and research/consulting expertise.

Michael Strong, CBRE’s Executive Chairman of Europe, Middle East and Africa, said:

“Our acquisition of PSM complements our strategy by allowing us to offer our retail clients a full range of strategic advice and implementation services that are unique in the Swiss market.

“The retail property sector is going through a period of rapid change. The growth of e-commerce and an increasingly sophisticated consumer base mean that retail investors and landlords have to work harder than ever to ensure the competitiveness of their assets. At CBRE, we continue to enhance our industry-leading retail capability, which enables us to identify and execute the best strategies for individual assets or entire portfolios, and PSM fits perfectly with our plans in Switzerland.”

Jean Golinelli, CEO, CBRE Switzerland, added:

“The acquisition of PSM is an exciting step in our efforts to continually improve our client offering and underscores our ambitious growth plans for our business. We are now the only international real estate services firm offering a full range of retail real estate services in Switzerland. As the market continues to evolve, this capability will enable us to leverage our well rounded expertise for the benefit of retail investors and occupiers in Switzerland.”

Philipp Strebel, CEO, PSM Center Management, commented:

“Our clients will benefit greatly from combining our leading platform and track record with CBRE’s broad reach and strength across all property sectors. As part of one of the world’s most integrated and respected commercial real estate services firms, we will be able to deliver more strategic advice, services and market insight to our shopping center clients, whether locally, regionally or globally.”

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

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995

Certain of the statements in this release regarding the acquisition of PSM Center Management AG that do not concern purely historical data are forward-looking statements within the meaning of the ”safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties, including, but not limited to, the ability of the parties to successfully integrate PSM Center Management’s operations with CBRE’s existing retail real estate services in Switzerland and across EMEA, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements, and risks to CBRE’s business in general, please refer to the Company’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2013 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2014. Such filings are available publicly and may be obtained off the Company’s website at or upon request from the CBRE Investor Relations Department at

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