CBRE extends operations to South Africa.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. will extend its operations in sub-Saharan Africa with the signing of an affiliate agreement with Broil, the leading South African property services firm. The new company, which will trade under the name Broil in association with CB Richard Ellis, will acquire the existing CB Richard Ellis affiliate, which already has offices in Johannesburg and Durban. Broll, which was founded 30 years ago by chairman Jonathan Broll, is the leading property services firm in South Africa South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S Africa. with gross revenue of 380m rand (35m [pounds sterling]). Headquartered in Johannesburg, Broil has 650 employees in South Africa in five main offices with a further 30 people in Nigeria and Namibia. The company is due to open an office in Gaborone, Botswana next year. Broll is the leading South African company in property management and services with 7m sq metres (75m sq ft) under management. The firm specialises in retail mall management with 92 malls under management. Its transaction business is 98% involved with office, commercial and industrial business. Broll's two shareholders are Catalyst Holdings, the Cape Town Cape Town or Capetown, city (1991 pop. 854,616), legislative capital of South Africa and capital of Western Cape, a port on the Atlantic Ocean. It was the capital of Cape Province before that province's subdivision in 1994. based listed property securities and property finance company, and Mvelaphanda Holdings. Mvelephanda, a conglomerate headed by former Gauteng Province Premier Tokio Sexwale, has interests in mining, energy, health services health services Managed care The benefits covered under a health contract , financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and property and is a leading black empowerment company. |
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