CBRE Announces Acquisition of VSL, Leading Oxfordshire Property Agency

CBRE today announced the acquisition of commercial property agency VSL and Partners Limited (VSL).

Based in Oxford, UK, VSL is a market-leading commercial property consultancy that provides a comprehensive range of services to landlords and occupiers in the Oxfordshire area. Its expertise spans the Office and Industrial & Logistics property types with extensive experience in meeting the needs of occupiers in the life sciences and technology sector.

VSL will be integrated into the CBRE UK Advisory business and will report to Ross Howard, CBRE’s UK Markets COO and MD of CaMKOx (Cambridge, Milton Keynes and Oxford).  VSL will continue to operate from its existing offices.

Tom Barton, Director, VSL commented: “CBRE is a world-class real estate advisor and we are truly excited about the opportunities to join forces with them. We look forward to working collaboratively with CBRE to serve clients and grow our business in CaMKOx and beyond.”

Richard Venables, Director, VSL added: “Our team’s detailed market knowledge, combined with CBRE’s national and international resources, will allow us to offer an even more extensive service to our established client base and new customers.”

“The acquisition of VSL is part of our strategy to grow our capabilities in the CaMKOx region, encompassing Oxford. This is a highly significant market, centered in one of the fastest-growing economies in the UK, that is seeing increased demand from tech and life sciences occupiers, as well as significant real estate development opportunities”

Ciaran Bird, Divisional President, Advisory Services, UK & Ireland

About CBRE Group, Inc. 

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.

Forward-Looking Statements

Certain of the statements in this release regarding the planned acquisition of VSL and Partners Limited (VSL) 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, the ability to integrate the VSL people and operations with CBRE’s existing real estate services business in the UK 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, 2021. 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 investorrelations@cbre.com.