CBRE CLOSES LARGEST COMMERCIAL REAL ESTATE DISPOSITION IN CHILE

    CBRE CLOSES LARGEST COMMERCIAL REAL ESTATE DISPOSITION IN CHILE

    Santiago, Chile/Miami, FL – February 8, 2013 – (RealEstateRama) — CBRE Capital Markets professional Tim Gifford, FRICS, closed a major cross-border commercial property trade of a 600,000-sq.-ft. office portfolio in Santiago, Chile by Union Investment Real Estate (UIR). Aurus Renta Inmobiliaria, a Chilean institutional property fund, purchased the portfolio for $225 million, representing the largest commercial real estate transaction in Chile in 2012 by sales volume and size. Union Investment Real Estate’s strategy enabled them to realize an impressive gain on their investment of over 67% in Euro terms while generating over $50 million in profit for their investors. The investment strategy netted UIR’s investors an impressive internal rate of return of 15.65%

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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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