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CBRE AND EXCELLERATE ANNOUNCE PLANS FOR AFRICA AND MIDDLE EAST JOINT VENTURE

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Los Angeles, December 6, 2018 – CBRE Group, Inc. (NYSE:CBRE) today announced that it has agreed to form a joint venture with Excellerate Property Services (Excellerate) to meet the growing demand for high-quality real estate services in Africa and the Middle East.

The joint venture, CBRE Excellerate, will merge CBRE’s facilities management operations in Africa and the Middle East with several of Excellerate’s businesses, including corporate real estate services, facilities management, valuation and project management services as well as property management services outside of South Africa.

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