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CBRE GROUP, INC. 8-K Report, Acquisition Completed (Jul 7, 2011)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed July 7, 2011
Period End
July 1, 2011
Security
CBRE
In the record · 2016–202610-K1110-Q328-K149

CBRE filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 149 current reports (8-K) between 2016 and 2026.

  1. Material agreement8-K · Mar ’17Mar ’17
  2. Leadership change8-K · Apr ’19Apr ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Aug ’25Aug ’25

01—Abstract

Summary

Summary of the 8-K filed July 7, 2011. Cited figures are marked; the original filing is the authoritative source.

CB Richard Ellis Group, Inc. (CBRE) has filed a Form 8-K to report the completion of a significant acquisition.

On July 1, 2011, the company successfully acquired substantially all of ING REI Clarion Holding, Inc. (CRES) and certain assets held in three ING REIM managed funds (CRES Co-Investment Assets) from ING Real Estate Investment Management Holding B.V. This transaction, initiated by a Share Purchase Agreement signed on February 15, 2011, represents a strategic expansion for CBRE within the real estate investment management sector. The total cash consideration for the acquisition amounted to approximately $382.46 milliona, with $323.90 million paid for CRES and $58.57 million for the CRES Co-Investment Assets.

This acquisition is expected to enhance CBRE's service offerings and market position. The filing also references the previously filed Share Purchase Agreement, which contains detailed terms and conditions, including representations and warranties made by the parties involved.

02—Key points

Key Highlights

  1. CBRE Group, Inc. completed the acquisition of ING REI Clarion Holding, Inc. (CRES) and related co-investment assets on July 1, 2011.
  2. The total cash consideration for the acquisition was approximately $382.46 million.
  3. The acquisition involved purchasing CRES for $323.90 million and CRES Co-Investment Assets for $58.57 million.
  4. This transaction was executed through a Share Purchase Agreement originally entered into on February 15, 2011.
  5. The acquisition represents a strategic move to expand CBRE's real estate investment management capabilities.
  6. The filing incorporates by reference the Share Purchase Agreement for further details on terms and conditions.

03—Questions

Frequently Asked Questions

  1. What was the main purpose of this Form 8-K filing?

    This Form 8-K was filed to announce and report the completion of CB Richard Ellis Group, Inc.'s acquisition of substantially all of ING REI Clarion Holding, Inc. (CRES) and certain related co-investment assets.

  2. How much did CBRE pay for the acquired assets?

    CBRE paid a total of approximately $382.46 million in cash. This amount was comprised of $323.90 million for CRES and $58.57 million for the CRES Co-Investment Assets.

  3. When was the acquisition officially completed?

    The acquisition was completed on July 1, 2011.

  4. Where can investors find more details about the terms of the acquisition?

    Investors can find more details by referring to the Share Purchase Agreement, originally filed on February 16, 2011, with CBRE's prior Form 8-K filing. This agreement is incorporated by reference in the current filing.

04—Continue

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