CBRE pays £960m for majority stake in T&T

By Dave Rogers2021-07-27T12:47:00

US giant takes controlling interest in 75-year-old business

CBRE has paid £960m for a majority stake in Turner & Townsend, the US real estate giant announced today.

The move, which is expected to be wrapped up in the final quarter of this year, will see the Dallas-based firm take a 60% stake in the business with the remaining 40% held by T&T.

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