Edition:
United Kingdom

CBRE Group Inc (CBG.N)

CBG.N on New York Stock Exchange

45.92USD
8:00pm GMT
Change (% chg)

$0.19 (+0.42%)
Prev Close
$45.73
Open
$45.68
Day's High
$45.95
Day's Low
$45.53
Volume
105,436
Avg. Vol
491,275
52-wk High
$45.95
52-wk Low
$29.69

Latest Key Developments (Source: Significant Developments)

Cbre Acquires Italian Local Facilities Management Provider Geico Lender S.P.A
Monday, 18 Dec 2017 

Cbre Group Inc ::CBRE ACQUIRES ITALIAN LOCAL FACILITIES MANAGEMENT PROVIDER GEICO LENDER S.P.A.CBRE GROUP INC SAYS GEICO LENDER WAS ADVISED BY EY AS A FINANCIAL ADVISOR.  Full Article

CBRE Group Q3 adjusted earnings per share $0.64
Friday, 3 Nov 2017 

Nov 3 (Reuters) - CBRE Group Inc :CBRE Group Inc reports strong financial results for third-quarter 2017.Q3 adjusted earnings per share $0.64.Q3 revenue $3.5 billion versus I/B/E/S view $3.45 billion.Q3 earnings per share view $0.54 -- Thomson Reuters I/B/E/S.Raises FY 2017 adjusted earnings per share view to $2.58 to $2.68.Q3 GAAP earnings per share $0.58.FY2017 earnings per share view $2.57 -- Thomson Reuters I/B/E/S.  Full Article

CBRE Group completes debt refinancing activities
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - CBRE Group Inc :CBRE Group, Inc. announces completion of debt refinancing activities.CBRE Group Inc - ‍enters new senior unsecured credit agreement which provides for a five-year $2.8 billion revolving credit facility ​.CBRE Group Inc - ‍loans under new revolver bear interest at an initial rate equal to LIBOR plus 1.0% with a facility fee of 0.15%​.CBRE Group Inc - enters ‍new senior unsecured credit agreement, which also provides a five-year $750 million delayed draw term loan facility​.CBRE Group Inc - ‍company used proceeds from initial drawings on term loan and revolver, together with cash on hand, to pay off existing term loans​.CBRE Group Inc - ‍loans under new term loan bear interest at an initial rate equal to LIBOR plus 1.15%​.  Full Article

CBRE Group Inc acquires Custom Spaces
Wednesday, 18 Oct 2017 

Oct 19 (Reuters) - CBRE Group Inc :CBRE acquires Custom Spaces, the bay area's premier boutique real estate advisor to the tech sector.  Full Article

Greenbay Properties says concluded agreement to acquire Locaviseu
Thursday, 16 Mar 2017 

Greenbay Properties : Resilient And Greenbay Have Concluded A Binding Agreement To Acquire Locaviseu - Sociedade De Gestao De Imoveis, S.A . Acquisition On A 50:50 Shareholding Basis For An Aggregate Cash Consideration Of Eur 219,25 Mln . A five-year debt facility of EUR 104,5 million at 3-month euribor plus 2,15% has been secured against assets . Confirms its guidance for year ended september 2017 of a dividend of approximately 0,40 GBP pence per share .For year ended september 2018, Greenbay expects growth in dividends of approximately 25%..  Full Article

CBRE Group Inc Q4 adjusted earnings per share $0.93
Friday, 10 Feb 2017 

CBRE Group Inc : CBRE Group, Inc. reports strong financial results for full-year and fourth-quarter 2016 . Q4 adjusted earnings per share $0.93 . Q4 revenue $3.8 billion versus I/B/E/S view $3.89 billion . Q4 earnings per share view $0.80 -- Thomson Reuters I/B/E/S . Q4 earnings per share $0.78 . Sees FY 2017 adjusted earnings per share $2.35 to $2.45 . FY2017 earnings per share view $2.32 -- Thomson Reuters I/B/E/S . Expects to achieve adjusted earnings per share for 2017 in range of $2.35 to $2.45 . "Anticipates growth to be constrained by a 6-cent per share headwind from adverse foreign currency movement" for 2017 . In 2017, "anticipates growth to be constrained by a 6-cent per share headwind from adverse foreign currency movement" . In United Kingdom, qtrly overall revenue grew by 8% in local currency, led by occupier outsourcing business line .In Global Investment Management segment, assets under management (AUM) totaled $86.6 billion at year-end 2016.  Full Article

CBRE Group says UK contributed about 10 pct to its global normalized EBITDA in 2015
Tuesday, 28 Jun 2016 

CBRE Group Inc : CBRE Group Inc issues statement on the United Kingdom's contributions to its global normalized EBITDA . Says in 2015 united kingdom accounted for approximately 10 pct of CBRE's global normalized EBITDA .Says co is not commenting on its second-quarter 2016 earnings or updating its adjusted earnings-per-share guidance for 2016.  Full Article

CBRE Group acquires retail property advisor Michael Horwitz & Co
Wednesday, 1 Jun 2016 

CBRE Group Inc : Acquires London-based retail property advisor Michael Horwitz & company .Michael Horwitz and his team will join CBRE's UK retail team in London.  Full Article

CBRE Group agrees to acquire 49 pct interest in real estate services firm in Malaysia
Wednesday, 18 May 2016 

CBRE Group Inc : Enters into agreement to acquire a 49 percent interest in leading real estate services firm in Malaysia .Says business will rebrand as CBRE|WTW and be led by Foo Gee Jen and Danny SK Yeo.  Full Article

CBRE Group Inc reaffirms FY 2016 EPS guidance
Thursday, 28 Apr 2016 

CBRE Group Inc:Continues to expect adjusted earnings per share (EPS) in the range of $2.27 to $2.37 for FY 2016.  Full Article

BRIEF-Cbre Acquires Italian Local Facilities Management Provider Geico Lender S.P.A

* CBRE ACQUIRES ITALIAN LOCAL FACILITIES MANAGEMENT PROVIDER GEICO LENDER S.P.A