Simpson Thacher is representing CBRE Group, Inc. in connection with its role as the lead investor in a $125 million Series E financing round in View the Space, Inc. (VTS), a leading commercial real estate technology platform that transforms how strategic decisions are made and executed across the asset lifecycle. CBRE is providing $100 million of capital and will join the VTS Board of Directors. In addition to its capital investment, CBRE will partner with VTS to roll out the VTS Platform, with unique enhancements and integrations, as the technology platform of choice for its agency leasing and property management teams starting in the U.S.
VTS is a global leader with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through its platform globally. VTS’ user base includes over 45,000 commercial real estate professionals and industry-leading customers.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.
The Simpson Thacher team includes Mark Pflug and Paige Brinton (M&A); Kirsten Harmon (Capital Markets); Linda Barrett and Charles Pfeifer (Executive Compensation and Employee Benefits); Russell Light (Tax); Jessica Cohen and Mark Natividad (Intellectual Property and Privacy); and Peter Guryan, Étienne Renaudeau, Kelly Karapetyan and Max Fischer-Zernin (Antitrust).