|CBRE Acquires the Business and Assets of Leading Australian Retail Leasing and Property Management Firm|
Race Property’s team of professionals will be integrated within CBRE’s
Led by co-directors
Race Property provides integrated retail property services across all property types within the sector, including super-regional, regional, community and neighborhood retail centers.
“We will now be able to provide a more specialized and first-class offering to our clients across the Pacific region, building on Race Property’s reputation and track record as a market leader in retail services,” Mr. Pittman said.
“We see this as an outstanding opportunity to expand and enhance our footprint across the Pacific region with a greater holistic approach, encompassing retail facilities management, property management, finance and leasing. This fully integrated retail leasing and management platform will also complement our existing retail investment sales and financing capabilities,” Mr Piitman added.
Ms. Wakefield and Mr. Wakefield will assume responsibility for
Ms. Wakefield said CBRE’s global capabilities in the retail services sector was a key attraction, allowing Race Property to enhance its expertise with a company recognized as a global leader.
“The strength of the CBRE brand will enhance our ability to continue to cultivate sustainable client relationships in the retail sector and, importantly, it will enable us to offer our staff superior career opportunities,” Ms. Wakefield said.
Race Property has more than 2 million sq. ft. of property under
For Australian/international news or global stories, follow us on Twitter: @cbreAustralia
Certain of the statements in this release regarding the acquisition of
Race Property that do not concern purely historical data are
forward-looking statements within the meaning of the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward-looking statements are made based on our management’s
expectations and beliefs concerning future events affecting us and are
subject to uncertainties and factors relating to our operations and
business environment, all of which are difficult to predict and many of
which are beyond our control. Accordingly, actual performance, results
and events may vary materially from those indicated in forward-looking
statements, and you should not rely on forward-looking statements as
predictions of future performance, results or events. Numerous factors
could cause actual future performance, results and events to differ
materially from those indicated in forward-looking statements,
including, but not limited to, our ability to successfully integrate
Race Property with our existing operations in
CBRE Group, Inc.