CBRE Pays $480M For European Property Management Group

Law360, New York (November 14, 2013, 5:42 PM EST) -- CBRE Group Inc. on Tuesday said it will acquire commercial building technical engineering services provider Norland Managed Services Ltd. for about $480 million, in a move designed to increase CBRE's reach in properties in the United Kingdom and Ireland.

CBRE said in a statement that most of the $480 million will be paid in cash, with around $9 million payable in CBRE common stock. The company said the acquisition will allow it to perform building technical engineering services — which include the upkeep of things like...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.