CBRE Group, Inc. (NYSE: CBG), the global commercial real estate services and investment firm, today announced that it has acquired full ownership of SOGESMAINT-CBRE, a property and asset management specialist operating in Belgium. CBRE has held a minority interest in the company since 2006.
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Following an exceptional quarter (Q4, 2012) of investment into European property, where transactional volumes reached the highest level since 2008, values across the Continent stabilised in Q1 2013, according to new data from CBRE’s European Valuation Monitor. A rise in investor activity across Europe highlighted the increased alignment of vendor and purchaser expectations.
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Central & Eastern Europe (CEE) commercial real estate investment volume reached €3.7 billion to the end of May 2013 – already a 30% increase when compared to the entire first half of 2012, according to the latest research from global property advisor CBRE.
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