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CBRE Group, Inc. (NYSE:CBRE) today announced that it has entered into an agreement to acquire a majority interest in the Ramot Group (Ramot), a leading facilities management provider in Israel.

Founded by Shlomo Margolin in 1993, Ramot, based in Tel Aviv, employs more than 750 staff and manages an extensive portfolio of facilities. Ramot’s substantial capabilities include technical maintenance, project management, cleaning services, reception administration and environmental health and safety.

The Ramot Group will operate as part of CBRE’s Global Workplace Solutions (GWS) (occupier outsourcing) business in Israel and adds an extensive suite of integrated facilities management and specialist technical capabilities for local and international clients.  CBRE has a long-established relationship with Ramot, which has been a service provider to some of its corporate clients in Israel since 2009.

This Ramot acquisition follows CBRE’s April 2018 purchase of its long-standing affiliate partner in Israel MAN Properties, which provides capital markets and leasing services to occupiers and investors in the office, technology and retail sectors. CBRE’s newly expanded presence in the Israeli market will provide it with an extensive suite of services and the ability to serve occupier and investor clients’ needs at every stage of the property life cycle…Read More

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