That pivot helped the company record $5.94 billion in revenue in the first quarter of 2021.Ĭontinue to follow Coliseum for latest updates on venues business news. The acquisition will allow it to expand in the Pacific Rim and the Middle East.ĬBRE has recently focused on diversifying, adding consulting as well as project and property management to its commission-based transactions. CBRE has clients in more than 100 countries. The ‘AMP Project’ further stated that Turner & Townsend, which will continue to deliver services under its brand, has clients in 46 countries and has worked on such high-profile projects as The Shard in London. The company was already planning on expanding into the alternative energy arena prior to the acquisition talks, and the CBRE deal is expected to accelerate those plans. Turner & Townsend is one of the world’s largest project managers of infrastructure, real estate construction and natural resources projects. CBRE CEO Bob Sulentic said many of his owners and corporate tenants want to reduce their carbon footprints. ![]() The impetus for the deal appears to be growing interest in alternative energy and infrastructure investments. Turner & Townsend is a multinational professional services company headquartered in Leeds, United Kingdom, specializing in program management, project management, cost management, and consulting across the property, infrastructure and natural resources sectors.
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