CBRE Group completes acquisition of majority stake in Caledon Capital Management

On August 9, 2017, CBRE Group, Inc. announced that it completed the previously announced acquisition of a majority interest in Caledon Capital Management Inc. (Caledon). Caledon will now operate as CBRE Caledon Capital Management Inc. (CBRE Caledon), a separate business unit within CBRE's independently operated investment management subsidiary, CBRE Global Investors. The Caledon management team will continue to manage the business and will maintain significant long-term ownership.

CBRE Caledon is a leading infrastructure and private equity solutions provider, managing approximately US$7 billion (over CA$9 billion) of assets for institutional investors through a combination of direct investments, consulting assignments, co-investments, secondary investments and primary fund investments..

CBRE Group is the world's largest commercial real estate services and investment firm (based on 2016 revenue).

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