CB Richard Ellis Appoints Colin Waddell as MD of CBRE Poland

London / Warsaw, 14th October 2010 – CB Richard Ellis (CBRE) today announced that Colin Waddell has been appointed Managing Director (MD) of the company’s Poland business.

Colin has been with CBRE since 2000, and in 2003 was appointed MD of CBRE in the Czech Republic. In 2007, he became Managing Director of the CEE region, with a particular focus on the company’s cross-border services and its expansion further east.

Charlie Wardroper, currently Managing Director (MD) of CBRE Poland, will be leaving the business to return to the UK. Charlie has been MD for CBRE Poland since January 2009, having previously managed the company’s UK North-East business.

Andreas Ridder, Chairman - CEE, CBRE, said: “Charlie took on the role of MD in Poland in January 2009, and helped to navigate the business through an extremely challenging period for the market, strengthening our management team in the region and building our Polish capability. He will be missed and we wish him all the best for his return to the UK.

“I am delighted that Colin Waddell will become our new MD in Poland. Colin has already made an important contribution to the development of our CEE business and has the skills and expertise to drive forward the Polish business. Poland is currently an important market within Europe and now a core market for many international investors – recently accounting for more than half of Q3 investment total for CEE. Colin’s proven expertise will ensure that the CBRE team continues to be in the best possible position to advise clients at every level as the recovery continues to strengthen both in Poland and across the CEE region.”

Colin will be based in the company’s Warsaw office and his new appointment will be effective from the beginning of November 2010.

In Q3 2010, CBRE registered a total of €1.5 billion total real estate investment activity in the CEE region - 60% higher than levels recorded during in Q2 and 120% higher than in Q3 2009. Growing confidence in the Polish market is a significant driver of the increase in investment activity, with the €826 million of transactions completed in Poland in Q3 2010 representing the highest quarterly total for the country since Q3 2007.