Resource: November 17th 2008, CB Richard Ellis Beijing

CB Richard Ellis Appoints China Head of Global Corporate Services

17 th November , 2008 - Beijing -- CB Richard Ellis is pleased to announce that Mr. Helmut Weih has been appointed to the position of Director, Global Corporate Services in China . Mr. Weih, based in Shanghai , will oversee this specialized service offering in China , and will be responsible for both the leadership and management associated with key accounts as well as the development of the service platform across mainland China . The appointment forms part of the broader strategy of CB Richard Ellis in Greater China to enhance business capabilities and to meet growing levels of demand from corporate occupiers for a more sophisticated approach to service delivery across China .

“ China is becoming increasingly important in the world economy, particularly in the light of the challenges which are expected to be faced by many developed nations as a result of the recent global financial crisis. As the economy in China continues to grow, we believe that an increasing number of multi-national companies will seek to establish and strengthen their presence in China . Furthermore, we see outsourcing as a growing trend in the property sector, particularly under challenging market conditions. Global Corporate Services forms an integral part of our business platform in Greater China, and we believe that Helmut, a seasoned professional with a broad range of experience within various aspects of the real estate sector, will prove to be a very valuable addition to our senior management team,” said Chris Brooke, President & CEO, CB Richard Ellis in Greater China.

“The appointment demonstrates the commitment of CB Richard Ellis to the expansion of our corporate services network in Asia to better support our corporate occupier client requirements. Mr. Weih brings a vast amount of cross-discipline experience, and I am convinced that he will have a significant impact in expanding our corporate services business by better aligning our service delivery with client requirements in Greater China,” said Phil Rowland, Executive Director, Global Corporate Services, Asia.

Helmut Weih joins CB Richard Ellis after a highly successful career as General Manager of Siemens Real Estate in the United States where he directed property related operations to support the growth and expansion of multiple Siemens operating companies. Mr. Weih was educated in the University of Frankfurt, Germany, and attended executive training classes at the Graduate School of Design, Harvard University .

The Global Corporate Services business line at CB Richard Ellis provides services to corporate occupiers of commercial and industrial real estate via a dedicated account management structure. An experienced and commercially orientated team aligns real estate strategy to corporate business strategy, maximi z ing the value generated from property related expenditure. The Global Corporate Services business line assists corporate occupiers in the co-ordination of a range of services via the management of assignments involving t ransactions, project management, portfolio management/lease administration services, corporate consulting, facilities management and energy and sustainability.

About CB Richard Ellis

CB Richard Ellis 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 firm (in terms of 2007 revenue). With over 29,000 employees, the Company serves real estate owners, investors and occupiers through more than 300 offices worldwide (excluding affiliate offices). CB Richard Ellis offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. CB Richard Ellis is the only commercial real estate services company named one of the 50 “best in class” companies by BusinessWeek, and was also named one of the 100 fastest growing companies by Fortune. Please visit our Web site at www.cbre.com .

For further information:

Karen Chen

Director

Corporate Communications , Greater China

CB Richard Ellis

Office: (86- 10 ) 85880691

karen.chen@cbre.com.cn

Claire Zhang

Manager

Corporate Communications, Northern C hina

CB Richard Ellis

Office: (86- 10 ) 8588 0683