Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MUMBAI, INDIA-Trammell Crow Co. has acquired a 30% stake in locally headquartered Chesterton Meghraj Property Consultants Pvt Ltd. and a 50% stake in its affiliate, Workplace Management Consultants Pvt Ltd. CMPC provides research, consulting and project management and Workplace Management Consultants Pvt Ltd provides facilities and property management services for all asset types. The company’s dba is now Trammell Crow Meghraj, which is now owned jointly by TCC, Meghraj Properties Ltd. and Sundown Developments Ltd. The financial consideration was not disclosed.

WMC brings to the table a facilities and property management portfolio totaling 18 million sf, which ranks it third behind CB Richard Ellis and IPMF, an India-based firm. CMPC provides ongoing services for another eight million sf of buildings, including call centers, corporate offices, malls, residential complexes, research and design centers, and hospitals. Clientele includes corporations, institutions and governmental organizations, as well as foreign and India retailers. Corporate clients include British Airways, Cadbury, Dell, IBM, Reliance, EDS, John Deere, KPMG, McDonald’s and Pizza Hut.

TCC brings to the table its global operating platform, including its technology and best practices, and its own global clientele, for which it can now provide a full slate of real estate services to locate, build out and manage on an ongoing basis. Going forward, in addition to India, TC Meghraj will extend its reach into Pakistan, Nepal, Bangladesh and Sri Lanka.

TCC’s managing director of international operations Alex Darragh tells GlobeSt.com that, heretofore, TCC was serving only global clients there, mostly by outsourcing the work to its new partner, and doing very little business. “This is a new entrance for us into this market,” Darragh says. “We want to take advantage of India’s growing and dynamic market by providing more services to our US-based customers and better services to Indian real estate owners and developers.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.