Market Overview

CBRE Announces Future Organization Structure and Executive Promotions


CBRE Group, Inc. (NYSE:CBRE) today announced a new organization
structure that will become effective January 1, 2019, and several senior
executive promotions made in anticipation of the future organization.

Under the new structure, the company will organize its operations
around, and publicly report its financial results on, three global
businesses: Advisory Services; Global Workplace Solutions; and Real
Estate Investments. For the remainder of 2018, CBRE will continue to
manage its services business within its existing geographic businesses
(Americas, EMEA and APAC).

Mike Lafitte has been promoted to Global CEO, Advisory Services,
with responsibility for leasing, capital markets (sales and mortgage
services), property management, valuation services and local project
management service lines across the Americas, Europe, the Middle East &
Africa (EMEA) and Asia Pacific (APAC) regions. In addition to serving as
Global CEO, Advisory Services, Mr. Lafitte will serve as CEO, Americas
through the end of 2018.

Jack Durburg, who previously served as Americas CEO, has been
promoted to Global Chief Operating Officer, a new position. Mr. Durburg
will have broad responsibility and authority across the entire company
for service line excellence, operating efficiencies and its global
client care program. In January 2019, Steven Swerdlow will be
promoted to Group President, reporting to Mr. Durburg, and his duties
will include responsibility for global research and marketing, and
support for worldwide M&A activity in partnership with CBRE's Corporate
Development team.

In January 2019, the company will eliminate the CEO roles for the
Americas, EMEA and APAC regions and elevate 12 existing Advisory
Services divisional presidents across the globe. Seven divisional
presidents in what is currently the Americas business will report
directly to Mr. Lafitte. The other five divisional presidents will
report to Martin Samworth, who will be promoted to Group
President and CEO, Advisory Services: Europe, Africa, and Asia Pacific.
Mr. Samworth will oversee the divisional presidents of i) Continental
Europe; ii) India, Southeast Asia, the Middle East & Africa; iii) North
Asia; iv) Pacific; and v) United Kingdom. He will continue to report to
Mr. Lafitte.

Daniel Queenan has been promoted to Global CEO, Real Estate
Investments, with responsibility for CBRE's global investment management
(CBRE Global Investors) and development services (Trammell Crow Company)
businesses. Ritson Ferguson will continue as CEO of CBRE Global
Investors, reporting to Mr. Queenan. Within the CBRE Global Investors
business, Jeremy Plummer has been promoted to Chief Investment
Officer and Sophie van Oosterom has been promoted to CEO of EMEA,
which is the largest business within CBRE Global Investors.

William Concannon will continue to serve as Global CEO, Global
Workplace Solutions, which comprises facilities management,
account-based project management, dedicated account-based leasing
services and management consulting. In January 2019, Ian Entwisle
will be promoted to CEO, Global Workplace Solutions: Europe, Africa and
Asia Pacific.

The promotions for Messrs. Lafitte, Durburg and Queenan are effective
immediately. These executives, along with Mr. Concannon, report directly
to Bob Sulentic, CBRE's president and CEO.

Mr. Sulentic said: "We have put a group of extremely talented and
experienced executives in positions to lead our business with intensity.
I look forward to working even more closely with them – and all our
people worldwide – to reach our aspiration for CBRE to be among the
world's great large companies from any sector.

"We believe organizing around and publicly reporting on our Advisory
Services, Global Workplace Solutions and Real Estate Investments
businesses beginning in 2019 will drive more efficiency and
accountability with our management team and provide investors with more
transparency into the company's performance," Mr. Sulentic added. To
help with this transparency, the company will provide summary financial
results on a supplemental basis for its legacy organization structure
following the reorganization.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), 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 2017 revenue). The company
has more than 80,000 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

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