HSBC Holdings PLC Appoints CB Richard Ellis Group, Inc. as Global Real Estate Advisor for 72 Million-SF Portfolio

LONDON--(BUSINESS WIRE)--CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has been appointed by HSBC Holdings PLC (HBC.N) to serve as Global Strategic Property Portfolio Manager as well as regional transaction partner for the bank’s properties in Europe, Asia, North America and Latin America.

As the exclusive Global Strategic Property Portfolio Manager, CB Richard Ellis will advise HSBC on its global property portfolio, which comprises more than 7,500 properties in 87 countries, totaling approximately 72 million sq ft.

 CB Richard Ellis will also serve as HSBC’s exclusive regional transaction partner in Europe, and will share service delivery for transactions in Asia Pacific, North America and Latin America.

Tony Buckham (top right photo), Global Head of Corporate Real Estate, HSBC, said: “After conducting a thorough global review, we are excited to announce this strategic partnership with CBRE.

“With the excellent experience of CBRE’s portfolio management team, we will derive significant benefits and synergies from deploying on a global scale. By linking good data and management information with best-in-class, on-the-ground delivery through our transaction partner, we will be providing a robust yet agile support function for our business operations across 87 different countries and a wide variety of property types.”

Mike Strong (middle left photo), EMEA Chairman and CEO, CB Richard Ellis, said: “This global mandate will enable HSBC to drive accelerated cost savings and optimize its occupational holdings worldwide, further advancing the performance of its business. We are delighted to work alongside HSBC and to extend our relationship with the bank.”

This appointment expands upon and consolidates CB Richard Ellis’ existing relationship with HSBC across numerous locations worldwide. CB Richard Ellis is already responsible for integrated transaction and portfolio management in the UK and portfolio management in France.

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Contacts

CB Richard Ellis Group, Inc.

Gil Borok

Chief Financial Officer

310-405-8909

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Nick Kormeluk

Investor Relations

949-809-4308

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Steve Iaco

Corporate Communications

212-984-6535