Los Angeles – August 15, 2017 – CBRE Group, Inc. and Kahua announced today that the companies have entered into a global, strategic agreement whereby CBRE will use Kahua to manage a wide range of projects across its global client base.
“Kahua is a modern, intuitive, cloud-based solution that dramatically changes how projects are executed and managed, and holds the potential to unlock significant efficiencies, data and insights” said Sandeep Davé, Chief Digital and Technology Officer for CBRE’s Global Workplace Solutions business. “After careful review and testing, we determined that Kahua provides the premier global collaborative network for real estate and construction project management and plan to implement it internally and with our global customers. This relationship is another example of how CBRE, as the market leader, is bringing to bear transformative technology solutions to the corporate real estate industry.”
The Kahua Network, delivered as an Application Platform as a Service, connects CBRE with its global clients and their project teams, allowing applications, business processes and information to be shared across organizations to more effectively manage capital assets.
CBRE has made an equity investment in Kahua and will have an executive join Kahua’s Board of Directors. Through this long-term agreement, CBRE and Kahua will continue to jointly develop application technology that will address the unique needs of real estate occupiers, owners, contractors, architects and engineers operating within the project management supply chain. CBRE and Kahua are confident that leveraging the solution across the lifecycle of capital assets under CBRE management will significantly improve productivity throughout the supply chain.
The agreement brings a new form of collaboration across the entire lifecycle of capital assets and will change the way capital assets are delivered and managed. CBRE has already launched projects in The Kahua Network with clients in markets across the Americas, EMEA and APAC regions and is rapidly training over 5,000 project managers worldwide on the platform.
“CBRE is an innovative leader in our industry. We are excited to extend The Kahua Network to CBRE and their global customers,” said Scott Unger, CEO of Kahua. “Our strategic relationship with CBRE will further our mission to deliver value and productivity improvements to the real estate, design and construction industry.”
About CBRE Group, Inc.
CBRE 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 and investment firm (based on 2016 revenue). The company has more than 75,000 employees (excluding affiliates), and serves real estate investors and occupiers through approximately 450 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.
Kahua is changing the way that capital assets are delivered and managed. The Kahua Network is the world’s leading collaborative network for real estate and construction project management. Delivered as a secure, scalable Application Platform-as-a-Service (aPaaS), The Kahua Network enables users to easily share data, documents and workflows across all applications and projects, and among all authorized network participants. Kahua supports leading mobile devices and tablets, integrates with third party applications and numerous accounting systems, and enables customers and certified development partners to quickly modify existing applications or build custom applications that operate on The Kahua Network. To learn more, visit www.kahua.com.
Certain of the statements in this release regarding CBRE’s use of, and investment in the Kahua technology that do not concern purely historical data are forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are made based on our management’s expectations and beliefs concerning future events affecting us and are subject to uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Accordingly, actual performance, results and events may vary materially from those indicated in forward-looking statements, and you should not rely on forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in forward-looking statements, including, but not limited to, our ability to successfully integrate the Kahua technology into CBRE’s global Project Management operations as well as other risks and uncertainties discussed in our filings with the U.S. Securities and Exchange Commission (SEC). Any forward-looking statements speak only as of the date of this release. We assume no obligation to update forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except to the extent required by applicable securities laws. If we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. For additional information concerning factors that may cause actual results to differ from those anticipated in the forward-looking statements and other risks and uncertainties to our business in general, please refer to our SEC filings, including our Form 10-K for the fiscal year ended December 31, 2016, and our Form 10-Q for the quarter ended June 30, 2017. Such filings are available publicly and may be obtained from our website at www.cbre.com or upon request from the CBRE Investor Relations Department at firstname.lastname@example.org.