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Hana to open new, flexible workspace location at Park Place in Orange County, California

NEW YORK April 1, 2019 Hana, a subsidiary of CBRE Group, Inc., today announced it will open its second unit, which will be located at Park Place in Orange County, California. Hana is partnering with LBA Realty, Principal Real Estate and Allianz to bring this new, flexible workspace solution to the area, with the unit expected to open in the fourth quarter of 2019.

“We’re thrilled to continue our U.S. expansion in Orange County with a great institutional landlord,” said Andrew Kupiec, CEO of Hana. “Our flexible approach allows investors to drive asset value while simultaneously offering employers the ability to drive success through an environment that enables people and teams to accomplish great things.”

Park Place, located in Irvine, is Orange County’s premier mixed-use office campus, with more than two million square feet of existing office space and easy access to a variety of common green spaces, restaurants, shopping, apartment homes and more. Park Place is conveniently located near John Wayne Airport.

“We’re eager to bring Hana’s new flexible space solution to Park Place,” said Brad Neglia of LBA. “Backed by CBRE, Hana’s deep expertise in delivering optimal solutions for owners and occupiers, coupled with their unique approach to design and hospitality, makes them an ideal partner.”

Hana helps institutional property owners meet the rapidly growing demand for flexible office space solutions. Hana offers a range of partnership solutions for real estate investors that include Hana designing, building and operating the facilities and services.

Last month, Hana announced its first unit located within PwC Tower at Park District in Dallas, Texas. Hana at Park District is expected to open in mid-2019.

Hana’s core offering is called Hana Team, which provides private office suites that meet the needs of high-growth organizations and large corporate users of office space. Hana Team combines the benefits of flexible space with the amenities, technology, thoughtful space design, and control over branding and culture that corporations require. Each Hana facility also features two other integral offerings, Hana Meet and Hana Share. Hana Meet provides conference room and event space that can be reserved on an hourly, daily or weekly basis. Hana Share provides traditional co-working space in which users share services, amenities and technology in a communal setting.

More information on Hana at Park Place can be found online at:

About Hana

CBRE Hana, LLC is a wholly-owned subsidiary of CBRE Group, Inc. (NYSE:CBRE), the world’s largest commercial real estate services and investment firm (based on 2018 revenue). Hana partners with real estate owners to develop and operate integrated, scalable, flexible workspaces. Each unit contains office suites (Hana Team), conference rooms and event space (Hana Meet) and co-working (Hana Share). Hana provides property owners increased transparency and a valuable offering for companies that desire to maintain their culture and brand while leveraging the benefits of a flexible space offering. More information is available at

Forward-Looking Statements

Certain statements in this release regarding the planned launch of the Hana unit in Orange County, California 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 maintain our partnership with LBA Realty, Principal Real Estate and Allianz in this initiative, as well as other risks and uncertainties discussed in CBRE’s 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 CBRE’s SEC filings, including our Form 10-K for the fiscal year ended December 31, 2018. Such filings are available publicly and may be obtained from our website at or upon request from the CBRE Investor Relations Department at



Lindsay Wester

Director of Brand & Communications

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