CBRE Enhances Global Corporate Services Management Team in EMEA Region

London, 25 November 2010 – CB Richard Ellis (CBRE) has appointed Darcy Mackay as Executive Director of Client Accounts and Strategy for Europe, Middle East and Africa (EMEA), within the company’s Global Corporate Services business. Currently a senior professional in CBRE’s US Corporate Services team, Ms. Mackay will be directly responsible for all client accounts, development of the EMEA occupier consulting business and corporate outsourcing practices for clients across the EMEA region.

Matt Pullen, Head of Global Corporate Services for EMEA, CBRE, said: “Given her extensive expertise and outstanding reputation in the industry, Darcy will be an extraordinary asset to our corporate clients in the EMEA region. Her move to the UK comes at a pivotal time in the market – outsourcing has gained significant momentum across the region during 2010 and our clients are demanding increased strategic advice, innovative solutions and thought leadership.”

Ms. Mackay brings an impressive depth and breadth of both academic learning and industry experience. With degrees from both Harvard and University of California - Berkeley, she was honoured as one of the “Women to Watch” in Real Estate Forum’s 2009 Women of Influence. She has consulted with clients throughout the United States, Canada, Europe and Asia to develop portfolio strategies, location/site selection, land use analysis and surplus property disposition. Ms. Mackay’s experience also includes work in the areas of urban redevelopment, mixed-use/residential development, and university housing, and spans all asset types.

Ms. Mackay is a member and Director of multiple industry associations and committees and a guest lecturer for CoreNet Global. Above all, she brings with her experience working with, and adding significant value to, global corporate occupiers of commercial real estate.

Ms.Mackay said: “This is a particularly exciting time to be joining the EMEA team and I am looking forward to playing a part in driving the significant opportunities in the region which are currently available to corporate occupiers. The diversification of CBRE’s global corporate services business over recent years means we are uniquely positioned to satisfy the needs of corporate occupiers and I look forward to working with the team to continue to grow market share in the UK and across the broader EMEA region.”

Ms. Mackay’s appointment marks a critical time for corporate occupiers. Over the past few years, CBRE has developed an outsourcing business which is the best in class globally and is enjoying especially strong growth in EMEA and Asia Pacific, where the outsourcing of real estate services is a relatively new concept. Global outsourcing mandates are also on the rise - during Q3 2010, CBRE signed a record 19 long-term real estate outsourcing contracts with new clients.