EXHIBIT 21

SUBSIDIARIES OF CBRE GROUP, INC.
AT DECEMBER 31, 2025
The following is a list of subsidiaries of CBRE Group, Inc. (the “Company”) as of December 31, 2025, omitting subsidiaries which, considered in the aggregate as if they were a single subsidiary, would not constitute a “significant subsidiary” under Rule 1-02(w) of Regulation S-X.
Name
State (or Country) of
Incorporation
Angus Consulting Management LimitedOntario
Beijing CBRE Property Management Services LimitedBeijing
Carpenters Logistics Center I, LLCDelaware
CBRE (Shanghai) Management LimitedShanghai
CBRE (Thailand) Co., Ltd.Thailand
CBRE A/SDenmark
CBRE Acquisition Sponsor, LLCDelaware
CBRE Advisory (IRL) LimitedIreland
CBRE B.V.Netherlands
CBRE Business Lending, Inc.Delaware
CBRE Capital Advisors, Inc.Delaware
CBRE Capital Markets, Inc.Texas
CBRE Clarion REI Holding, LLCDelaware
CBRE Conseil & Transaction SASFrance
CBRE Consultoria do Brasil Ltda.Brazil
CBRE Design Collective, Inc.Georgia
CBRE Evergreen Acquisition Co. 2 LimitedUnited Kingdom
CBRE GCS, S. de R.L. de C.V.Mexico
CBRE GDS, LLC
Delaware
CBRE Germany Holdings GmbHGermany
CBRE Global Acquisition LimitedUnited Kingdom
CBRE Global Services Finance Subsidiary LimitedUnited Kingdom
CBRE Global Services GmbHSwitzerland
CBRE GmbHSwitzerland
CBRE GWS (Ireland) LimitedIreland
CBRE GWS Belgium NVBelgium
CBRE GWS Denmark ApSDenmark
CBRE GWS ESPAÑA SLSpain
CBRE GWS France SASFrance
CBRE GWS GmbHSwitzerland
CBRE GWS IFM Industrie GmbHGermany
CBRE GWS IFM Phils. Corp.Philippines



Name
State (or Country) of
Incorporation
CBRE GWS Integrated Facility Management B.V.Netherlands
CBRE GWS LimitedUnited Kingdom
CBRE GWS LLCDelaware
CBRE GWS Pte. Ltd.Singapore
CBRE GWS S.r.l.Italy
CBRE GWS Sdn. Bhd.Malaysia
CBRE GWS Sp. z o.o.Poland
CBRE GWS Sweden ABStockholm
CBRE GWS Technical Division S.r.l.Italy
CBRE HMF, Inc.Delaware
CBRE Holding SASFrance
CBRE Holdings LimitedMauritius
CBRE Investment Management (NL) B.V.Netherlands
CBRE Investment Management Europe B.V.Netherlands
CBRE Investment Management II, LLCCalifornia
CBRE Investment Management Indirect LimitedUnited Kingdom
CBRE Investment Management LimitedUnited Kingdom
CBRE Investment Management Luxembourg S.à r.l.Luxembourg
CBRE Investment Management, LLCDelaware
CBRE K.K.Japan
CBRE LimitedHong Kong
CBRE Limited (Canada)
Canada
CBRE Limited (U.K.)United Kingdom
CBRE Managed Services IncDelaware
CBRE Managed Services LimitedUnited Kingdom
CBRE Multifamily Capital, Inc.Delaware
CBRE Project Management, S.A.Madrid
CBRE Pte. Ltd.Singapore
CBRE Pty Limited
Australia
CBRE Real Estate S.A.Spain
CBRE S.p.A.Italy
CBRE Services, Inc.Delaware
CBRE South Asia Private LimitedIndia
CBRE sp. Z o.oPoland
CBRE Technical Services, LLCDelaware
CBRE Teknisk Servicepartner A/SDenmark
CBRE Titan Acquisition Co. LimitedUnited Kingdom
CBRE US Jersey LimitedJersey
CBRE, Inc.Delaware
CBRE, S.A. de C.V.Mexico



Name
State (or Country) of
Incorporation
Direct Line Global, LLCCalifornia
FacilitySource, LLCDelaware
Full Spectrum Acquisition Corp.Delaware
Heery Holdings, Inc.Delaware
HITRAC Engineering Group S.p.A.Italy
HS Chapel Ridge, LLCDelaware
HS Grove, LLCDelaware
HS Perimeter Summit, LLCDelaware
HSR Hawes Crossing, LLCDelaware
HSR Meadow Glen, LLCDelaware
Industrious National Management Company LLCDelaware
J & J Maintenance, Inc.
Texas
J&J Worldwide Services, Inc.
Texas
Labs at Belward Farm, LLCDelaware
Millman Surveying, Inc.Ohio
Mission Buyer Corp.
Delaware
Raven Insurance Company, Ltd.Cayman Islands
Shanghai CBRE GWS Facility Management Co., Ltd.Shanghai
Taurus Project Controls Consulting LLCMassachusetts
Tmax Holdings II, Inc.Delaware
Trammell Crow Arizona Development, Inc.Delaware
Trammell Crow Company Logistics (Heywood) LimitedJersey
Trammell Crow Company Logistics (Milton Keynes) LimitedJersey
Trammell Crow Company Logistics (Shepcote) LimitedUnited Kingdom
Trammell Crow Company, LLCDelaware
Turner & Townsend Arabia LimitedSaudi Arabia
Turner & Townsend Canada IncCanada
Turner & Townsend Contract Services LimitedUnited Kingdom
Turner & Townsend Cost Management LimitedUnited Kingdom
Turner & Townsend GmbH
Germany
Turner & Townsend Group LimitedUnited Kingdom
Turner & Townsend Infrastructure LimitedUnited Kingdom
Turner & Townsend International Limited
United Kingdom
Turner & Townsend International Limited (Dubai Branch)Dubai
Turner & Townsend LimitedDublin
Turner & Townsend PJM UK LimitedUnited Kingdom
Turner & Townsend PJM US LLCDelaware
Turner & Townsend Project Management LimitedUnited Kingdom
Turner & Townsend Project Management Pty LtdQueensland
Turner & Townsend Pty Ltd
Australia
Turner & Townsend, Inc.Delaware