Citi selects three preferred EMEA real estate advisors

18 Jul, 2008, London

London, 18 July 2008 – Citi today announced that they have selected CB Richard Ellis, Cushman & Wakefield and Knight Frank to act as their three preferred real estate services advisors for transaction management services across Europe, the Middle East and Africa (EMEA).

The joint mandate for Citi’s real estate network covers over 1,640 offices, call centers and retail outlets in 53 countries across EMEA totalling over 13.2M sq ft.

John Westwood, Citi Head of Real Estate and Business Development for EMEA, said: “Having previously worked with a large number of different service providers to support our transactional activity in the region, we have completed this tender process in order to select a panel of suppliers who can drive best practices across our portfolio, enabling us to improve levels of consistency and service delivery, and achieve improved economies of scale.”

Matthew Pullen, Executive Director of CBRE Global Corporate Services, EMEA, said: “This is an extremely significant engagement for CBRE. It builds on our established working relationship with Citi and demonstrates the strength of our experience and understanding of the objectives and challenges faced by international financial services clients. We look forward to partnering with Citi to deliver visible benefits back to their Business Units.”

Guy Douetil, Partner, Cushman & Wakefield, said: “Being selected as one of three preferred advisors in EMEA is a positive step change in our long term collaboration with Citi over the past ten years and we look forward to this opportunity to use the full strength of our service offer throughout the region.”

Bradley Baker, head of Global Tenant Representation, Knight Frank, said: “Having acted for Citi for over 30 years encompassing the acquisition of their initial headquarters building at Canary Wharf, we are delighted to be involved in their new strategy for EMEA.”

About Citi

Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brands include Citibank, CitiFinancial, Primerica, Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

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 website at www.cbre.com.

About Cushman & Wakefield

Cushman & Wakefield is the world's largest privately held commercial real estate services firm. Founded in 1917, it has 221 offices in 58 countries and more than 15,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.

About Knight Frank

Knight Frank LLP is the leading independent global property consultancy. Headquartered in London, Knight Frank and its New York-based global partner Newmark Knight Frank operate from over 165 offices, in 36 countries, in six continents. For further information about the Company, please visit www.knightfrank.com

Media Contacts:

Citi:

London: Ian Villiers +44 (0) 207 985 5607, ian.villiers@citi.com

CB Richard Ellis:

London: Matthew Pullen +44 (0) 20 7182 3243 matthew.pullen@cbre.com

Cushman & Wakefield:

London: Guy Douetil +44 (0) 20 7152 5220 guy.douetil@eur.cushwake.com

Knight Frank:

London: Bradley Baker +44(0)20 7861 1256 bradley.baker@knightfrank.com

Guy King, Head of Occupier Solutions +44 (0) 20 7861 1724

Naomi Curtis, Commercial PR Executive +44 (0) 20 7861 1744