CBRE Group, Inc. today announced the acquisition of New England Fiber, Inc. (NEF), a leading telecommunications and network infrastructure advisory services firm. NEF specializes in helping occupiers optimize network deployment, providing solutions spanning network design, procurement and installation management.
Founded in 2004 in Newton, Massachusetts, NEF serves large and midsized enterprises in multiple industries and vertical markets. NEF helps occupiers implement the most efficient, resilient and cost-effective network environments. These are increasingly important factors in making real estate decisions for data centers and other technology-heavy sites as well as other traditional enterprise occupiers given the growing reliance on connectivity in the workplace.
“New technologies, such as 5G, will increase the focus of many occupiers on network capabilities when making real estate decisions,” said Whitley Collins, Global President, Advisory & Transaction Services | Occupier, CBRE. “NEF will give us the technical expertise to advise clients on network capabilities and ensure that we deliver exceptional outcomes for them across the globe.”
“We have worked hard to build a reputation as a market leader in designing and procuring network infrastructure over the past 15 years,” said Michael Murphy, President and CEO, NEF. “We are excited about the opportunity to help CBRE’s broad client base navigate the rapidly changing network infrastructure market.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated 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 filings and public conference calls and webcasts.
