CBRE Group and Turner & Townsend Holdings have completed their previously announced transaction whereby CBRE has acquired a 60 percent ownership interest in, and entered into a strategic partnership with, Turner & Townsend.
Turner & Townsend provides program management, cost consultancy, project management and advisory consulting services for clients in 46 countries. It operates across three business segments: real estate, serving investors and occupiers across all property types, including data centers and life science properties; infrastructure, notably covering transportation, environmental and power generation projects; and natural resources, focused on renewable energy, alternative fuels, liquified natural gas and other projects.
The strategic partnership between CBRE and Turner & Townsend establishes the premier, global provider of program, project and cost management, underpinned by a unique client offer.
“As asset classes evolve and the