One of Japan's largest commercial real estate providers celebrated its 50th anniversary last week, with CBRE K.K. using its half-century milestone to outline where its future lies.

CBRE K.K.’s history dates to 1970 with the founding of Ikoma Shoji (a brokerage firm which specialized in leasing buildings) in Osaka.

Ikoma Shoji opened offices in Tokyo, Nagoya, and Fukuoka the following year and continued to expand nationwide, resulting in a total of 10 branches, all of which are in operation today. 

In 1999, CBRE (then CB Richard Ellis) formed a capital alliance with Ikoma Shoji, and Ikoma Shoji changed the company name to Ikoma CB Richard Ellis K.K.

Seven years later, CBRE raised its stake in the company and Ikoma CB Richard Ellis became CBRE’s subsidiary, changing its name to CB Richard Ellis K.K.

In 2010, CBRE acquired all shares, making CB Richard Ellis K.K. a wholly owned subsidiary. 

After starting as a brokerage firm for commercial real estate leases such as offices and warehouses, the company steadily expanded its capabilities to include the sale of commercial real estate, real estate consulting, property management, appraisal, project management, and most recently, workplace strategy.

Today, CBRE KK offers 18 different service lines and 1,100 professionals, each of whom help to deliver a broad spectrum of real estate services.

President and CEO of CBRE K.K., Eiji Sakaguchi, said the next journey for CBRE is to further leverage technology and to deliver data-driven, efficient solutions for our clients. 

“2020 marks our golden anniversary – a milestone that celebrates both our past accomplishments and future achievements," he said.

"In the next chapter, our aim is to continue our contribution to society and to become the ‘technology company of the real estate industry’, offering services that provide greater value to our clients.” 

Click here for more information about the services offered by CBRE KK.

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