M&A - CBRE GROUP, INC.

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: Update

Accession Number: 000095017025042330

Filing Summary: On March 20, 2025, CBRE Group, Inc. reported on its Investor Relations website a recast of historical financial information reflecting their new business segments which were implemented on January 1, 2025. The company combined its project management business with its Turner & Townsend subsidiary in early January 2025 and will incorporate financial results for the newly established Project Management segment starting with Q1 2025. Additionally, in early January 2025, CBRE Group acquired the remaining equity interest in Industrious, a provider of premium flexible workplace solutions, and launched a new segment named Building Operations & Experience. The four segments effective from January 1, 2025, are Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments.

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Form Type: 8-K

Filing Date: 2025-01-14

Corporate Action: Acquisition

Type: New

Accession Number: 000095017025005427

Filing Summary: On January 14, 2025, CBRE Group, Inc. announced preliminary full year 2024 revenue results for a newly created Building Operations & Experience segment. Additionally, the Company revealed a definitive agreement to acquire Industrious National Management Company, LLC, a leading provider of flexible office solutions. This acquisition will lead to the formation of a new business segment, Building Operations & Experience, which will include the Company’s Enterprise Facilities Management, Local Facilities Management, Property Management business lines, and the acquired Industrious. The Company’s four business segments for 2025 will include Advisory Services, Building Operations & Experience, Project Management, and Real Estate Investments.

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Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: New

Accession Number: 000095017025001326

Filing Summary: On January 2, 2025, CBRE Group, Inc. appointed Vincent Clancy to the Board of Directors. Clancy is the Chief Executive Officer and Chair of Turner & Townsend Limited, which has been a majority-owned subsidiary of CBRE since 2021. His appointment follows the completion of CBRE's plan to combine its project management business with Turner & Townsend, announced via press release on January 3, 2025. In 2024, Clancy's total remuneration from Turner & Townsend was approximately £667,000, which includes salary and pension contributions. He will not participate in CBRE's compensation for non-employee directors and is expected to enter into an Indemnification Agreement for Board members. No arrangements or understandings motivated his director selection.

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