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Richard Dakin Joins CBRE as Managing Director of Capital Advisors

Press Releases   •   Nov 24, 2014 11:45 GMT

Richard joins CBRE following 32 year career at Lloyds Banking Group PLC

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CBRE Confirms A 60% Increase In Sales As Buyers Extend Their Search From Mayfair To Midtown

Press Releases   •   Nov 22, 2014 09:00 GMT

Property and construction professionals take top spot with price per sq ft values rising 2% - leading to an annual growth of 19% so far this year.

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World's Largest Air Quality Monitoring Network To Launch In London

Press Releases   •   Nov 20, 2014 09:00 GMT

​- Change London, In Partnership With CBRE And King & Wood Mallesons, To Breathe New Life Into The Capital Through The AirSensa Project -

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Hermes And ​CBRE Stand Tall With South Bank Tower Appointment

Press Releases   •   Nov 17, 2014 13:30 GMT

CBRE, the global property advisor, has been appointed by Hermes Real Estate and Canada Pension Plan Investment Board as part of their London joint venture, to manage 220,000 sq ft of office space at the South Bank Tower in London.

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Supermarket Convenience Store Growth Continues to Surge

Press Releases   •   Nov 04, 2014 11:28 GMT

Convenience stores from the big four grocers, Tesco, Sainsbury’s, Asda and Morrisons, continue to dominate sales growth but at the expense of some their own bigger stores, according to the latest
supermarket expansion report from CBRE and Retail Locations.  

The spread of convenience store openings, in tandem with both online grocery sales growth and
aggressive expansion activity of Aldi and Lidl, has progressively changed consumer shopping behaviour, encouraging repetitive top-up shopping that cannibalises some main grocery sales and weekly one stop shops at superstores.  The proliferation of convenience stores began to accelerate in 1996 following the introduction of ‘town-centre-first’ planning guidance. The convenience store outlets of the Big-four have since trebled in number.

Aldi and Lidl have sustained a high rate of new store openings, and steady market share growth,
for many years. Their store numbers have jumped by more than 300% since 1998, increasing their market share from 2.1% to 8.3%, according to Kantar Worldpanel. However this steady rate of growth doesn’t explain the sudden drop in the big four’s share of main grocery sales following 2011.

One contributing factor, also cannibalising store grocery sales, is the growth of online sales (which the discounters are not burdened with) which is proving heavily margin diluting.

Whilst hypermarket popularity is waning, superstore development activity shows no serious signs of slackening and will continue to capture the bulk of main grocery sales going forward.

Chris Keen, Director of Supermarket Landlord Advisory, CBRE, comments:

“We expect the big four’s current trading difficulties to suppress demand for large grocery superstores
in the short term, but demand pressures for small-format stores look unlikely to be affected. Sainsbury’s, M&S Simply Food, Waitrose, Asda, Aldi and Lidl all remain on the expansion trail for small stores.”

“Housing growth generally is stimulating a lot of ancillary grocery development activity, as are mixed-use developments and major infrastructure schemes such as Crossrail. The government’s ambitious plans for new towns and enlarged suburbs will further boost grocery space demand. And competition from grocers will push rents in catchments with growing populations. With net population migration set to remain high, pressure on UK grocery space – particularly space in southern markets – will inevitably remain strong, exerting a knock-on upward impact on demand over the medium term.”

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 www.cbre.com.

Despite market share losses to discounters, UK grocers continue to open new stores

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CBRE Wins Contract For Airbus’ UK Facilities Management

Press Releases   •   Oct 29, 2014 10:45 GMT

CBRE, the global real estate advisor, today announced it has been appointed to provide facilities management (FM) services to Airbus at its two UK sites.

Following a tender process, CBRE was awarded the contract through its recently acquired technical engineering services arm, Norland Managed Services. The company will deliver mechanical and electrical engineering, building fabric, commercial and industrial cleaning, waste management, transportation and mailroom services, and grounds maintenance.

The agreement also includes a partnership between CBRE, Axis Cleaning and Support Services, and Biffa Integrated Resource Management, to provide cleaning and waste management services.

Ian Entwisle, CEO, Global Corporate Services (GCS) EMEA, CBRE commented:

“This appointment reflects the strength of our integrated FM credentials including our track record of operating in critical environments. Bringing these services under one contract will provide Airbus with many benefits including a single source provider, cost efficiencies and unrivalled expertise and knowledge in the integrated facilities management arena.”

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 www.cbre.com.

CBRE, the global real estate advisor, today announced it has been appointed to provide facilities management (FM) services to Airbus at its two UK sites.

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CBRE Reports One Minute Less Commuting Time Increases House Prices By £11,400

Press Releases   •   Oct 29, 2014 09:00 GMT

Property prices are a third cheaper in locations 30-35 minutes commute from Central London, CBRE has reported in its latest Regional Land report. The findings also reveal that an increase of one minute travel time reduces a house price value by around £11,400.

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Prime Central London Continues To Appeal As Hub For International Investment In Residential Real Rstate Market

Press Releases   •   Oct 28, 2014 10:20 GMT

As central London continues to enjoy an annual average house price growth of 10% since 2009, CBRE reports how this global city compares with other prime residential locations.

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CBRE Appointed By AXA Real Estate For West London Opportunity

Press Releases   •   Oct 28, 2014 09:30 GMT

CBRE, the global property advisor, has been appointed by AXA Real Estate to manage 77 Fulham Palace Road (FPR), the newly acquired 193,000 sq ft estate in Hammersmith, London.

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CBRE Motors To The Finish Line With Silverstone Brief

Press Releases   •   Oct 24, 2014 10:00 BST

CBRE, the global property advisor, has been appointed by MEPC to manage its latest acquisition the 2.4 million sq ft Silverstone Park (“Silverstone”).

Contacts 12 contacts

  • Press Contact
  • Head of UK Communications, CBRE
  • United Kingdom
  • jonathan.tutton@cbre.com
  • +44 (0) 2071823337
  • +44 (0) 7714957284

  • Press Contact
  • Senior Director, FTI Consulting
  • Corporate, Central London, Capital Markets, Real Estate Finance
  • kieron.smith@fticonsulting.com
  • 020 7269 9363
  • 0751 559 7660

About CBRE

Welcome to CBRE's UK newsroom

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 www.cbre.com.