CBRE buys Irish affiliate.CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. Group, Inc. announced that it has agreed to acquire all of the remaining outstanding shares of its 10%-owned affiliate in Ireland, CB Richard Ellis Gunne, for $24.6 million in cash. The acquisition gives CB Richard Ellis a leading position in the rapidly growing real estate market in Ireland. Headquartered in Dublin, CB Richard Ellis Gunne is one of Ireland's leading full-service commercial real estate services companies. It employs 105 professionals in Dublin and Belfast, and provides a full range of real estate advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal including: investment sales and acquisitions, development advisory, property leasing, hotels, building consulting, research and global corporate services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. . "Taking full ownership of CB Richard Ellis Gunne fits well with our growth strategy in Europe," said Brett White, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CB Richard Ellis. "Ireland has assumed a significant role in the global economy. The Gunne operation represents a solid foundation from which we expect to continue capturing a significant share of the commercial real estate activity that is emanating from that country, fueled by its strong economy." Pat Gunne will continue as Managing Director of the Company's Irish business, which will now operate as CB Richard Ellis. CBRE CBRE CB Richard Ellis (real-estate firm) CBRE Chemical, Biological, Radiological and Explosive CBRE Component-Based Reliability Estimation CBRE Coldwell Banker Richard Ellis (Boston, MA) will not acquire Gunne's residential operations. |
|
||||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion