CBRE’S PROJECT MANAGEMENT TEAM REINFORCES ITS LEADERSHIP POSITION IN 2018; WITNESSES A 20% GROWTH IN PORTFOLIO

Hyderabad emerges as the key region for growth; sees100% increase in project portfolio; followed closely by Mumbai, Bangalore & NCR - New Delhi, December 12, 2018: CBRE South Asia Pvt Ltd. world’s largest real estate consulting firm today announced the details of its project management growth story; witnessing a 20% growth in portfolio across India. CBRE’s focused investments into people, platform enhancements, coupled with a sustained strategy of building advantage for every client were the key drivers that lead to the company’s year-on-year growth. With over 400 projects spanning across more than 85 cities, the growth was predominantly propelled by the BFSI and the IT/ ITES sector. The strong growth for CBRE’s project management team was propelled by sectors such as BFSI & IT/ ITeS given their demand for collaborative spaces though workplace design and technology. The details were shared on the sidelines of 9th CBRE – CII Conference on Infrastructure Project Management. This year’s platform gave a futuristic perspective on how a combination of technology, partnerships and cost consultancy can build the infrastructure capability of the country. Centered on the theme, ‘Opportunities 2025: Are we ready?’, the conference elucidated best practices that will enable the project management fraternity to deliver the infrastructural goals by 2025 and ensure a sustainable growth trajectory in future. The conference also witnessed deliberations on topics including Internet of Things & Artificial Intelligence, public partnerships and cost management. Anshuman Magazine, Chairman, India & South East Asia, CBRE said “At CBRE, we believe in providing exceptional outcomes for every client we serve. Our concentrated efforts for innovation coupled with recent customized services have been a key to our success story this year. Our inherent strengths, including a strong senior leadership team, in-depth market knowledge, constant innovation and the motivation to do the best for our clients enables us to be active partners and key facilitators for their growth.” The growth was also led by the launch of diverse service lines (Independent Testing & Commissioning, Design advisory & Management, Cost Consultancy, Health and Safety Advisory) and a team experienced in delivering projects covering almost every aspect of the real estate segment - including commercial buildings, corporate greenfield campuses, built-to-suit facilities, residential developments, retail developments, research and development facilities, critical facilities, hospitals and other medical facilities, integrated townships, educational and institutional facilities. Mr. Gurjot Bhatia, Managing Director, Project Management, CBRE said, “The launch of our new offerings, combined with an organic growth have enabled us to become market leaders. The construction industry in India is estimated to be USD 1 trillion by 2030, 3rd largest employer and the long-term prospects for the sector look positive.” CBRE Project Management’s diverse portfolio has experience in delivering projects covering almost every aspect of the real estate segment managing the complete development or fit-out of the facility from its concept stage till the commissioning and handing over of the same. Typical projects include construction and interior fit-out of various types of Corporate Office Spaces; Call Centres, Banks, Software Development Facilities, R&D Facilities, Retail Outlets; Residential Developments and Integrated Townships etc.