CBRE : Enhances Occupier Advisory Offering with Acquisition of NEF

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CBRE Group, Inc. today announced the acquisition of New England Fiber, Inc. (NEF), a leading telecommunications and network infrastructure advisory services firm. NEF specializes in helping occupiers optimize network deployment, providing solutions spanning network design, procurement and installation management.

Founded in 2004 in Newton, Massachusetts, NEF serves large and midsized enterprises in multiple industries and vertical markets. NEF helps occupiers implement the most efficient, resilient and cost-effective network environments. These are increasingly important factors in making real estate decisions for data centers and other technology-heavy sites as well as other traditional enterprise occupiers given the growing reliance on connectivity in the workplace.

'New technologies, such as 5G, will increase the focus of many occupiers on network capabilities when making real estate decisions,' said Whitley Collins, Global President, Advisory & Transaction Services | Occupier, CBRE. 'NEF will give us the technical expertise to advise clients on network capabilities and ensure that we deliver exceptional outcomes for them across the globe.'

'We have worked hard to build a reputation as a market leader in designing and procuring network infrastructure over the past 15 years,' said Michael Murphy, President and CEO, NEF. 'We are excited about the opportunity to help CBRE's broad client base navigate the rapidly changing network infrastructure market.'

Forward-Looking Statements

Certain of the statements in this release regarding the acquisition of New England Fiber, Inc. that do not concern purely historical data are forward-looking statements within the meaning of the 'safe harbor' provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management's expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully fully integrate New England Fiber, Inc. with our existing data center solutions operations, as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2018 and Form 10-Q for the quarter ended September 30, 2019. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at [email protected]

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.