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CBRE and SiiLA Settle Legal Disputes
- Following a REsource article that sparked legal action, CBRE files to withdraw its final lawsuit.
By: SiiLA News
10/14/2024 In January 2024, a REsource article discussing the monopoly of exclusivity in corporate leasing activities, ignited significant debate among industry players and led to legal action by CBRE Brasil against SiiLA.
This October, CBRE has officially submitted a request to withdraw the last remaining civil lawsuit, and SiiLA agreed amicably, bringing an end to the legal dispute between the two companies.
“As SiiLA celebrates nine years in Brazil, we remain committed to our mission of delivering data, insights, and content to the Latin America real estate market" said Giancarlo Nicastro, CEO of SiiLA.
CBRE Under New Leadership
In June, CBRE announced that its Brazil President, Walter Cardoso, would be stepping down, with Vice President Adriano Sartori assuming leadership. Under this new management, a dialogue opened between the two companies, resulting in the decision to bring the lawsuit to an end.
"We are pleased to have opened a dialogue with CBRE," added Nicastro. "SiiLA will continue to pursue our mission of promoting transparency and innovation in the CRE industry," he concluded.
When reached for comment by the REsource team, CBRE Brazil declined to comment.
ABOUT SiiLA
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
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