CBRE Group, Inc. Completes Acquisition of ING’s Real Estate Investment Management Operations in Asia

CBRE Group, Inc. (NYSE:CBG) today announced that it has completed the acquisition of ING Group NV’s real estate investment management (ING REIM) operations in Asia.

The newly acquired ING REIM operations in Asia are being merged with CBRE’s existing real estate investment management operations in the region. Richard Price, who served as ING REIM’s Asia leader, will now serve as CEO of the combined company’s Asia Pacific investment management platform, overseeing operations in Hong Kong, Shanghai, Seoul, Singapore, Taipei and Tokyo. CBRE’s global investment management business is led by Matt Khourie, Global President.

“This acquisition is a milestone that significantly enhances our talent, resources and market insight in Asia,” said Mr. Khourie. “We now have the ability to offer investors an expanded array of investment programs across the risk-return spectrum in the dynamic markets throughout the region.”

Mr. Price said: “We are pleased to be an integral part of the world’s leading commercial real estate organization. Our ability to originate sound, market-based ideas is now greatly enhanced, and this will be critical to our mission of achieving the best possible performance for our clients through market cycles.”

With the completion of the acquisitions of ING REIM Asia and ING Clarion Real Estate Securities (CRES) (which closed on July 1, 2011), CBRE Investors’ assets under management1 now totals $63.6 billion on a combined pro forma basis, as of June 30, 2011.

CBRE’s acquisition of ING REIM’s operations in Europe remains on schedule to close this quarter. The total purchase price for the three ING businesses CBRE is acquiring -- ING REIM Asia, ING REIM Europe and ING CRES -- is approximately $940 million. As part of the transaction that closed today, CBRE has also acquired approximately $17.2 million of real estate co-investments managed by ING REIM in Asia. CBRE financed the acquisition with a combination of cash on hand and borrowings under its secured credit facility, including $800 million of bank debt raised specifically for this purpose in March 2011.

About CBRE Group

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com.

1 Assets under management (AUM) refers to current fair market value of real estate-related assets with respect to which CBRE Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of properties and real estate-related loans; securities portfolios; and investments in operating companies, joint ventures and in private real estate funds under its fund of funds program. This AUM is intended principally to reflect the extent of CBRE Investors' presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers. CBRE Investors has now changed its calculation of AUM. The change in methodology has not had a material impact on its AUM calculation. The new methodology has been used to derive pro forma combined AUM as of June 30, 2011.

“Safe Harbor” Statement Under the U.S. Private Securities Litigation Reform Act of 1995:

Certain of the statements in this release regarding the acquisition of the real estate investment management operations of ING Group NV 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. These forward-looking statements involve risks and uncertainties, including, but not limited to, the successful integration of ING Real Estate Investment Management – Asia with CBRE’s existing real estate investment management business, our ability to leverage the integrated platform to capture a larger share of the real estate investment market in Asia, the projected performance and potential risks, liabilities and transaction costs relating to ING Real Estate Investment Management – Asia relative to the price agreed to be paid for the business, and our ability to close the acquisition of ING Real Estate Investment Management – Europe, as well as other risks and uncertainties discussed in CBRE’s filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release and, except to the extent required by applicable securities laws, CBRE expressly disclaims any obligation to update or revise any of them to reflect actual results, any changes in expectations or any change in events. If CBRE does update one or more forward-looking statements, no inference should be drawn that it 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 risks to CBRE’s business in general, please refer to the Company’s SEC filings, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2010 and its Quarterly Report on Form 10-Q for the quarter ended June 30, 2011. Such filings are available publicly and may be obtained off the Company's website at www.cbre.com or upon request from the CBRE Investor Relations Department at investorrelations@cbre.com.