CBRE sees value in purchase of TelferYoung

On the acquisition trail, CBRE snaps up TelferYoung. (Image: CBRE)

Wed, 01 Jun 2022

Commercial leasing group CBRE has agreed to buy property advisory firm TelferYoung, substantially beefing up its regional valuation business.The acquisition of the country's largest independent valuations firm will add 20 offices to CBRE’s footprint, and double its employees to about 400 staff, it said. No value was put on the transaction.CBRE managing director Andrew Stringer said the purchase will also diversify the firm’s client base and add a residential offering to its commercial valuations business. In its latest...

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