Cbre group, inc. announces plans to combine project management business with its turner & townsend subsidiary

Dallas--(business wire)--cbre group, inc. (nyse:cbre) today announced that the company plans to combine its project management business with turner & townsend, its majority-owned subsidiary that provides program management, cost consultancy and project management services globally. upon closing the transaction, cbre will own 70% of the combined turner & townsend/cbre project management business, with the turner & townsend partners holding the remaining 30%. cbre acquired a 60% owner.
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