Benmore Group Appoint CBRE Across Three Cities

CBRE Belfast May 2011: CB Richard Ellis has been appointed by property development & investment company Benmore Group to manage property assets across three cities.

The Benmore Group is one of the UK’s leading development companies with an impressive portfolio of property and development schemes in Ireland, England and Scotland.

The local office of CB Richard Ellis in Belfast has been formally appointed to manage property assets of the group in Belfast while the Manchester office of CBRE has been formally appointed to manage assets in the North West also.

Benmore has a track record across retail, commercial and residential development and has won an array of awards for schemes in recent years.

Commenting on the instruction, Gerard Mc Cann, Head of Property & Asset Management for CBRE Belfast, said: “We are delighted with the formal instruction to manage the properties in the prestigious Benmore Group portfolio.

“The breadth and depth of expertise at CB Richard Ellis was a very significant factor in securing this appointment to manage properties in a number of different cities and we are looking forward to providing a superior service to the Benmore Group.”

Peter Williams, Associate Director, Property & Asset Management for CBRE Manchester, also said “Representing Benmore in the Northwest on both their office and retail portfolios is extremely rewarding, already significant successes have been achieved through our combined asset management strategies”.

David Burrows, Chief Executive of the Benmore Group, added: “We are delighted to welcome CBRE on board. Their approach and track record suits our ambitions for the company as we continue to bring schemes forward and investigate new development opportunities.”


About CB Richard Ellis
CB Richard Ellis Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services firm (in terms of 2010 revenue). The Company has approximately 31,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our Web site at www.cbre.com

In Ireland, with offices in Dublin and Belfast, CB Richard Ellis is the country’s largest commercial real estate services company, now employing over 140 employees and offering a full range of property services including property sales and acquisitions, leasing and management, investment, corporate services, project management, consultancy, valuations and research. CB Richard Ellis Ireland has been listed among the Best Workplaces in Ireland, 2011, for the seventh year running. Please visit our website at www.cbre.ie or www.cbre.ie/ni

About Benmore Group

The Benmore Group's activities encompass property investment, commercial and residential property development and land regeneration. Benmore is long established in the Northern Ireland property market and recent years have seen an expansion of operations onto the UK mainland market in both the investment and development sectors.

Property holdings are extensive and include assets in Greater London, Liverpool, Manchester, Newcastle, Glasgow, Edinburgh, Cardiff, Belfast, Surrey and Sussex. The portfolio value of completed and proposed developments schemes is in excess of £1 billion.www.benmoredevelopments.com

For further information contact:

Gerard McCann on 02890 438555

Jon Brown at Paver Smith LLP on 07811 451184