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CBRE Group Inc Acquires Union Gaming

Hong Kong – July 1, 2021 – CBRE Group, Inc. today announced the acquisition of Union Gaming, a leading boutique investment bank and advisory firm focused exclusively on the global gaming sector.

Union Gaming offers investment banking services, including public debt and equity underwriting, M&A and strategic advisory, as well as gaming sector thought-leadership through its sector-leading research.

“Union Gaming fortifies CBRE’s position as a leader in the fast-growing global gaming sector,” said James Scott, Managing Principal, CBRE Capital Advisors. “We are excited to add to our investment-banking depth through the addition of Union’s talented professionals, deep relationships across the gaming sector and public-market capabilities.”

Union Gaming’s employees and CBRE’s existing Las Vegas-based gaming investment sales team led by Michael Parks will form a combined global gaming team. Bill Lerner, Union Gaming’s Co-Founder, will serve as CBRE’s Global Head of Gaming Investment Banking.

Union Gaming’s principals have significant experience working in Asia and the firm has had a presence in the region since 2011.

“When we opened our first office in Asia in 2011, it was with the singular belief and commitment to the long-term prospects for the gaming sector in the Asia Pacific market,” said Jack Hernandez, Managing Director and Head of Union Gaming’s Asia business. “Whether it’s the Macau-led development and expansion of gaming in the overall region, gaming legalization and integrated resort development in Japan, realization of casino’s underlying real estate value, or recent surge of new gaming formats and technology, there is no better partner to continue our commitment to this next chapter of business than CBRE.”

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), ( Coldwell Banker Richard Ellis) a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2020 revenue). The company has more than 100,000 employees serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. We routinely post important information on our website, including corporate and investor presentations and financial information. We intend to use our website as a means of disclosing material, non-public information and for complying with our disclosure obligations under Regulation FD. Such disclosures will be included in the Investor Relations section of our website at https://ir.cbre.com. Accordingly, investors should monitor such portion of our website, in addition to following our press releases, Securities and Exchange Commission filings and public conference calls and webcasts.