CBRE Group is discontinuing most of its business in Russia in response to what it called “the horrific attack on Ukraine.”
The company has begun the process of exiting its office in Moscow, which provides leasing, investment, property management and valuation services, while it is also terminating two existing affiliate relationships in the country.
CBRE will continue to manage facilities and provide other essential services for existing multi-national clients that are operating in Russia per its existing contractual obligations,
The discontinued operations in Russia constitute less than 1% of CBRE’s global revenue in 2021.