CBRE Group Acquires Its Affiliate Company In Turkey

RELATED NEWS

CBRE Group Q1 Profit Rises

CBRE Group Q1 13 Earnings Conference Call At 5:00 PM ET

CBRE Group Prices $800 Mln Of Senior Notes

CBRE Group To Offer Up To $800 Mln Of Senior Notes - Quick Facts

Trade CBG now with

6/1/2012 4:23 PM ET

CBRE Group, Inc. (CBG: Quote) announced that it has acquired its affiliate company in Turkey, responding to increased demand from clients targeting new commercial real estate opportunities in that country.

Anthony Labadie has been appointed as Managing Director of CBRE's Turkey operations. Labadie joined CBRE's Spanish business in 2004 and established the company's Casablanca office in late 2005. In 2008, he returned to Spain and has led its successful Global Corporate Services offering since then. Feroze Bundhun, the affiliate's Managing Director, remains with the business as a consultant to CBRE in Turkey.

Click here to receive FREE breaking news email alerts for CBRE Group, Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

<<Previous 96 Articles

Editors Pick

Stock Futures Pointing To Sharply Lower Open On Wall Street - U.S. Commentary

After moving notably lower over the course of the previous session, stocks are likely to see further downside in early trading on Thursday. The major index futures are currently pointing to a sharply lower open for the markets, with the Dow futures down by 123 points.

U.K. Economy Dodges Recession In Q1 On Inventories

The U.K. economy avoided recession in the first quarter as initially estimated, but the detailed breakdown of gross domestic product highlighted major contribution coming only from built up stocks of companies. Gross domestic product grew 0.3 percent sequentially in the first quarter, offsetting the last quarter's 0.3 percent fall, second estimates from the Office for National Statistics showed.

Modest Gain In Eurozone PMI Revives Recovery Hopes

An indicator of Eurozone's private sector activity improved more than expected in May, renewing hopes that the economy is inching towards a recovery. Nonetheless, the indicator remained in negative territory, signaling sharp deterioration in overall business activity. The composite output index rose to a three-month high of 47.7 in May from 46.9 in April.