News

CBRE Survey Finds Global Rents Down 4.6% from One Year Ago London’s West End remains the world’s most expensive office market with an occupancy cost of €1457.59 per sq m per annum (£120.50 / $182.94), according to CB Richard Ellis Group, Inc. (CBRE) semi-annual Global Office Rents survey. Hong Kong’s Central Business District (CBD) has risen to second place pushing Tokyo’s Inner Central to third p...

Signs of interest in value-add and better quality secondary opportunities. European commercial real estate investment turnover is expected to reach more than €100 billion in 2010, a significant increase on the €73 billion reported in 2009, according to the latest CB Richard Ellis (CBRE) European Capital Markets report. Trends in the European real estate market so far in 2010 have been increasingly...

Scot Holland | CBRE has announced the closing of a deal for securing new office premises for the ‘British Council’ in Almaty. The British Council is UK\'s leading international organization for educational and cultural relations. A registered charity, British Council was founded in 1934 and currently works in 109 countries worldwide. The British Council operates two centers in Kazakhstan - the mai...

Scot Holland | CB Richard Ellis has announced the approval of the construction of a new large-scale shopping & entertainment center located at the intersection of Abay Ave. and Rozybakiev Str in Almaty. The project construction concept was approved at a meeting of the members of the Almaty City Architectural Council held on 30 April 2010. The Scot Holland | CB Richard Ellis Strategic Consulting an...

Revenue rises 15% to $1.0 billion Revenue for the quarter totaled $1.0 billion, an increase of 15% from $890.4 million in the first quarter of 2009. The company reported a net loss of $6.6 million, or $0.02 per diluted per share, in the first quarter of 2010, compared with a net loss of $36.7 million, or $0.14 per diluted share, in the first quarter of 2009. Excluding selected charges, net income...

CB Richard Ellis prepared a new Moscow Office MarketView as of Q1 2010. According to the report, the rise in a Class A delivery volume will become one of the main trends on the market in 2010. We have observed the following features: ∙ almost 220,000 sq m of office space was delivered in Moscow during Q1, Class A share being almost 70% of the delivery volume; ∙ the volume of deals closed on the ma...

Scot Holland | CBRE has announced the closing of a deal for securing new office premises for RMA Automotive in Almaty. RMA Automotive is one of the world\'s fastest growing international suppliers of modified vehicles often with complex modification requirements.The necessity to expand the existing office was prompted by the rapid development and growth of RMA Automotive in Kazakhstan. The new off...

Scot Holland | CBRE has announced the closing of a deal for securing new office premises for call center of JV “Altel” in Almaty. Join Venture Altel is a the only company in Kazakhstan dealing with CDMA 2000-1Х standard of mobile network, and currently presented on the market with the following brands: Dalacom, PAThWORD, City and Jet. Office space was rented JSC Altel "to expand its presence in Ka...

Only Big Five’s Commercial Property Managers on Prestigious List Brett White, CEO, CB Richard Ellis Group, has been named to the BusinessWeek’s "The 50 Most Powerful People in Real Estate". Brett White is the only Big Five’s commercial property managers to be included in the 2010 BusinessWeek List.Performing in his position since 2005, Mr. White is responsible for the global business activities of...