-- CBRE today announced that it has acquired Singapore-based specialist sustainability consulting firm, Paia Consulting, expanding CBRE’s ability to accelerate sustainability for occupier and investor clients globally.
Anshuman Magazine, CBRE Advisory Division President, India, Southeast Asia, Middle East, and Africa, said, “This acquisition will have an impact across the APAC region. The greater level of awareness and interest in sustainability is rising among businesses, and increasing regulations will provide an impetus for them to build sustainability strategies and to demonstrate progress on their implementation. The combined team’s work will likely spread across our network of offices, as well as our clients’ multi-national operations – giving clients access to best practices across geographies.”
Founded in 2002, Paia Consulting focuses on providing clients with sustainability strategy, implementation, and reporting services in Singapore and across the Southeast Asian region. The company has worked with well over 100 Singapore Exchange-listed firms.
Following the acquisition, the Paia Consulting professionals will integrate with CBRE’s existing ESG Consulting & Sustainability Services team in Singapore, which is the hub for CBRE’s sustainability services across the APAC region. David Fogarty, who has led CBRE’s ESG Consulting & Sustainability Services in Asia since 2022, will integrate the expanded team. The combined team will offer an expanded suite of solutions, services, and training programmes for clients across industries and sectors.
Moray Armstrong, Managing Director, CBRE Singapore, said, “We are focused on expanding the range of services and solutions we can deliver to global and local clients to help them navigate complexity in this business environment. With the introduction of Paia’s capabilities, CBRE will be at the forefront of ESG advisory in Singapore and across Asia Pacific. Our professionals will be partnering with clients on reporting, training, compliance, benchmarking, developing and executing ESG plans. CBRE will positively impact the built environment.”
Paia Consulting’s leadership will assume key roles at CBRE. Carrie Johnson, who founded Paia Consulting in 2002, will serve as Lead Consultant. Corrado Forcellati, who has been Paia Consulting’s Managing Director since joining in 2021, has been appointed as Director, Client Sustainability Strategy & Solutions.
Mr. Forcellati said, “This is a great opportunity for both teams to come together and leverage each other’s strengths to fulfil our shared aspiration to be an end-to-end service provider for clients. Going forward, clients, whether in real estate or beyond, can look forward to enhanced thought leadership, tools, and solutions - delivered by a bigger team of colleagues possessing more diverse skill sets. We are excited to be able to offer integrated solutions to challenging sustainability issues, with a tailored, localised approach.”
He said the key ingredients in Paia’s success story will remain unchanged. Mr Forcellati added, “How we engage with each other and our clients, bringing care, curiosity, feedback, collaboration, and dedication – these are the things everyone is familiar with and have come to rely on through the years. These are aligned with CBRE’s way of working.”
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 2023 revenue). The company has more than 130,000 employees (including 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 CBRE’s acquisition of Paia Consulting 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 Paia Consulting with CBRE’s existing operations in Singapore and Asia, 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, 2023, and our Form 10-Q for the period ended June 30, 2024. 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 [email protected].
Release ID: 89137377
Google
RSS