CBRE ARRANGES US$100 MILLION SALE OF LANDMARK ASSET IN SANTIAGO, CHILE

CBRE ARRANGES US$100 MILLION SALE OF LANDMARK ASSET IN SANTIAGO, CHILE

Santiago, Chile – February 15, 2012 – (RealEstateRama) — CBRE Group, Inc. arranged the sale of SCL Apoquindo 4501, a landmark Class A office building located at the intersection of the most important commercial thoroughfares in Santiago, Chile. The $100 million transaction represents both the largest Class A office disposition via an exclusive marketing process in the Chilean capital and a competitive cap rate for a Class A office building. Prior to this, the largest office building transaction in Santiago was the partial-interest acquisition of Torre Titanium, an 850,112-sq.-ft. Class A office tower acquired by a European property investment fund advised by CBRE.

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CBRE

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 firm (in terms of 2011 revenue). The Company has approximately 34,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 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.

Contact:

Robert W. McGrath
Senior Director, Corporate Communications

+1 212 9846515
+1 800 7996523 FREE

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