CBRE Group stops business in Russia

However, CBRE will continue to manage facilities and provide other essential services for existing multi-national clients operating in Russia as part of its contractual obligations. CBRE said it is also working to support the transition of its Russian employees.

“CBRE regrets the impact that this transition will have on those employees, who are leaving the company through no fault of their own,” the firm said in a statement.

Read more: How will the Russia-Ukraine conflict affect the housing sector?

“CBRE has strongly denounced Russia’s invasion of Ukraine. The company continues to provide physical and direct monetary assistance for employees of CBRE’s affiliate in Ukraine who are in need. In addition, CBRE people have given generously to the company’s global fundraising campaign to benefit the UNHCR, the UN Refugee Agency’s equitable humanitarian relief efforts.”

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