CBRE Acquires Wolf Studio, Singapore-based Commercial Design Firm

Singapore, 2 August 2021 – CBRE today announced it has acquired commercial design firm Wolf Studio

Wolf Studio serves clients throughout the Singapore area/Southeast Asia region and offers a full range of real estate design and related services, including design consultancy, design-build, feasibility studies and visual content planning. 

The Directors of Wolf Studio, Chrisandra Heng, Brandon Liu, Micah Valenzuela and Mervin Geronimo, will take on senior leadership roles within the CBRE Singapore Design team, led by Sebastian Mann, who leads the CBRE design business for the Asia Pacific (APAC) region. 

“The acquisition of this talented team marks an exciting milestone for the development of our regional design business, and the creation of our APAC hub of design,” said Mr. Mann. “The experience and creative horsepower of the Wolf team, combined with our broad and deep real estate services platform, will enable us to further assist our clients in their strategic decision making.”

Brandon Liu, Director, Wolf Studio, said: “We are excited to join CBRE and offer our design strength to deliver comprehensive, fully integrated commercial real estate solutions. Wolf Studio has quickly grown to become a leading design firm in Singapore and CBRE’s platform will accelerate our reach and growth across the region in supporting our clients with our design solutions. We look forward to working across the CBRE platform to do great things together.”

Wolf Studio’s work can be seen throughout Singapore and the Southeast Asia region, and the team is responsible for some of the most iconic commercial design projects in Singapore. Its broad design portfolio and range of global clientele showcase the strength of their team's commitment to great design and being at the forefront of shaping the workplace design industry.

Chrisandra Heng, Director, Wolf Studio, said: “Our philosophy has always been simple and clear. Every project is the opportunity to do our part, transforming one office at a time into places that bring joy to people and strategically help organisations grow through great design. Looking beautiful alone is not enough, our approach is centered around deep engagements with our clients to truly understand their business, culture and people. Now we have an opportunity to do this on a much bigger stage with CBRE.” 

CBRE Design is part of the APAC Advisory Project Management business line, and the Wolf team will collaborate closely with our Workplace Strategy and Office Services teams.

Moray Armstrong, Managing Director, Singapore Advisory Services, CBRE, said, “In the real estate Advisory and Transaction world, clients are increasingly seeking alignment across services. CBRE Singapore and Southeast Asia leasing and occupier teams are constantly striving to deliver innovative solutions and optimal execution of assignments, backed by the differentiated insight afforded by the diversified CBRE platform."

“The CBRE APAC design hub will propel our business further forward on this journey. With greatly enhanced in-house design and technical resources, our brokers and advisors can now bring even richer insight into issues such as space utilisation, optimal floorplates, test-fit layouts and 3D virtualisation of premises options. This will be hugely impactful to our investor and occupier clients alike.” 

Founded in 2017, Wolf Studio has 25 employees in its Singapore office, and the firm’s expertise spans all areas of commercial design, including design consultancy, design-build, feasibility studies and visual content planning.

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About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), 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 filings and public conference calls and webcasts.

Forward-Looking Statements
Certain of the statements in this release regarding the acquisition of Wolf Studio 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 forwardlooking 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 Wolf Studio into our regional, national and 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, 2019 and Form 10-Q for the quarter ended June 30, 2021. 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 [email protected]

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