CBRE leaves Moscow
For Ukraineschedule 09 March 2022
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CBRE Group has announced that it is to discontinue most of its business in Russia in response to the invasion of Ukraine. The company has now begun the process of exiting its Moscow office, from where it had been providing leasing, investment, property management and valuation services
The real estate consultancy is also terminating two existing affiliate relationships in the country. Consistent with its contractual obligations, CBRE will continue to manage facilities and provide other essential services for existing multi-national clients that are operating in Russia.
CBRE is working to support its colleagues in Russia who will be leaving the company. CBRE regrets the impact that this will have on those employees, as this will be through no fault of their own.
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