CBRE Group (CBRE) to Merge its Project Management Business

CBRE Group, Inc. (CBRE) recently announced its plan to combine its Project Management business with Turner & Townsend. Subject to satisfaction of regulatory and other customary conditions, as well as completion of required consultations with employee Works Councils in certain jurisdictions, the transaction is expected to close at the end of 2024. In November 2021, CBRE acquired a 60% ownership interest in Turner & Townsend. Since the acquisition, Turner & Townsend has achieved a compounded revenue growth ra ...