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CBRE GROUP, INC. 8-K Report, Acquisition Completed (Nov 4, 2011)

Reports
Acquisitions & Dispositions·Exhibits & Filings
Filing Date
Filed November 4, 2011
Period End
October 31, 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 November 4, 2011. Cited figures are marked; the original filing is the authoritative source.

CBRE Group, Inc. (CBRE) filed a Form 8-K on November 3, 2011, to report the completion of its acquisition of the European operations of ING Real Estate Investment Management (ING REIM).

This acquisition, following the earlier purchase of ING REIM's Asian business on October 3, 2011, significantly expands CBRE's global real estate investment management footprint. The total aggregate cost for the combined transaction, subject to post-closing adjustments, was approximately $526 milliona.

The filing also details a Third Amendment to the Share Purchase Agreement, which revises purchase price calculations, post-closing adjustments, covenants, and indemnities. This development represents a major strategic move for CBRE, enhancing its service offerings and market presence in key international regions.

02—Key points

Key Highlights

  1. CBRE has completed the acquisition of ING REIM's European business, concluding the previously announced transaction.
  2. The total aggregate cost for the acquisition of both the Asian and European businesses of ING REIM was approximately $526 million.
  3. A Third Amendment to the Share Purchase Agreement was executed on October 31, 2011, modifying key terms of the deal.
  4. The Third Amendment revises purchase price calculations and post-closing adjustment mechanisms.
  5. Post-closing covenants and indemnities between CBRE and ING REIM have also been updated by the Third Amendment.
  6. The acquisition aims to bolster CBRE's global real estate investment management capabilities.

03—Questions

Frequently Asked Questions

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

    This Form 8-K was filed to report the completion of CBRE Group, Inc.'s acquisition of the European business of ING Real Estate Investment Management (ING REIM) and to detail amendments to the original purchase agreement.

  2. What was the total cost of the acquisition?

    The aggregate cost for the entire transaction, encompassing both the Asian and European businesses of ING REIM, was $525,995,637 in cash, subject to post-closing adjustments.

  3. What were the key changes introduced by the Third Amendment to the Share Purchase Agreement?

    The Third Amendment, dated October 31, 2011, revised the purchase price calculation and terms for post-closing adjustments. It also updated certain post-closing covenants and included additional indemnities between the parties involved in the transaction.

  4. When did CBRE acquire the Asian portion of the ING REIM business?

    CBRE had previously completed the acquisition of the ING REIM Asia business and related co-investment assets on October 3, 2011.

04—Continue

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