CBRE Acquires Prime Consulting to Enhance Retail Advisory Capabilities in Germany

CBRE today announced the acquisition of Prime Consulting, a leading retail consultancy in Germany.

Prime Consulting, based in Düsseldorf, specializes in leasing, advisory and property management services for shopping centres and retail parks across Germany. Its CEO, Alastair Green, has a strong reputation in the retail real estate market.

Marco Hekman, CBRE’s Divisional President, Advisory Services, Continental Europe, commented:
“CBRE is the market leading Retail advisor across Europe, managing more than 290 centres in the region. We are delighted to welcome our new colleagues from Prime Consulting, who enhance our service offering in Germany.”

Alexander von Erdély, CEO, CBRE Germany, continues:
“The acquisition of Prime Consulting is an excellent addition to our German retail advisory services. The acquisition will further support our ambition to be the clear market leader in Germany for shopping centre and retail parks leasing, consultancy and property management. We look forward to welcoming and introducing our new colleagues to our clients and partners.”

Alastair Green, owner and CEO of Prime Consulting, commented:
“CBRE is the global leader in commercial real estate, and we are genuinely excited about the opportunity to join their team. We look forward to working collaboratively with our CBRE colleagues to serve clients and grow our business. Our combined expertise will allow us to offer our services to a wider range of clients.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Prime Consulting 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. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, the ability to integrate Prime Consulting into CBRE’s existing retail service offering in Continental Europe, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we 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 other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2022 and our Form 10-Q for the period ended June 30, 2023. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at [email protected].