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LONDON-CB Richard Ellis Group has bought Holley Blake, the UK industrial specialist, for euro 17.27 million ($22 million) as part of strategy of expanding the company’s capabilities in the European industrial and logistics sectors.

A statement adds that the acquisition gives CBRE “the leading position in the industrial and logistics sectors in the United Kingdom, and marks an important step in the company’s continued expansion of its full-service capabilities across Europe.”

Holley Blake was founded in 1996 by Simon Holley and Simon Blake. Its industrial and office teams are particularly strong in the Thames Valley–the heartlands of the UK’s IT industry–and Holley Blake is also recognized as a leading business space investment specialist. Holley Blake advises some of the biggest names in the UK industrial market, including Brixton, ProLogis, Gazeley, Astral and Parkridge.

The statement adds that “the 16-person firm will be fully integrated into CB Richard Ellis, and will adopt the CBRE brand.”

“The acquisition of Holley Blake gives us the leading position in the UK industrial market, fulfilling a key growth objective in Europe,” says Mike Strong, president of Europe, Middle East & Africa for CB Richard Ellis. “Similar to our acquisition of Dalgleish in the retail sector last year, we now have a formidable UK industrial platform, which augments our industrial capabilities throughout Europe.”

Martin Samworth, UK managing director, CB Richard Ellis, adds “This was a strategic opportunity to enhance the services we offer clients, particularly in the industrial and logistics sectors. Combining Holley Blake with our existing resources gives us the premier industrial services platform from which to serve our clients and to fulfill our growth objectives.”

“We are extremely excited by our merger with CB Richard Ellis,” says Simon Blake, Partner, Holley Blake. “We considered a number of options, but CB Richard Ellis was clearly our first choice. Its global platform and strength in the marketplace will give us an excellent opportunity to grow our position both in the UK and internationally. Our clients will benefit enormously from this merger.”

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