CBRE Group Inc.
CBRE Completes Project Management Business Combination with Turner & Townsend; Vincent Clancy Joins Board
Summary
On January 2, 2025, CBRE Group, Inc. completed its plan to combine its project management business with Turner & Townsend, a majority-owned subsidiary. As part of this combination, Vincent Clancy, CEO and Chair of Turner & Townsend, was appointed to CBRE's Board of Directors, effective until the 2025 annual meeting of stockholders. This strategic move aims to create a unified, highly diversified business with unmatched scale and capabilities in project management.
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About CBRE Group Inc.
CBRE Group Inc. operates as a leading commercial real estate services and investment firm globally. The company's primary purpose is to offer a broad array of real estate solutions, sector-driven insights, and advisory services to a diverse clientele that includes corporations, property owners, investors, and developers. CBRE provides expertise in property management, strategic consulting, valuation, project management, and capital markets operations. Known for its vast geographic presence, CBRE serves numerous industries, encompassing sectors such as retail, industrial, office, and healthcare. With comprehensive service offerings, the firm plays a vital role in shaping urban landscapes and responding to market dynamics. Headquartered in Dallas, Texas, CBRE Group Inc. leverages its extensive global network and local market expertise to drive innovation and sustainable practices, profoundly influencing how real estate industry challenges are addressed across the world.
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