LOS ANGELES—CBRE Group, Inc. said Monday thatit has closed the acquisition of Preuss GesellschaftmbH and its subsidiaries, a leading provider of projectmanagement services in Germany.
Preuss focuses on the project management of new real estatedevelopments and refurbishment of large existing properties. Itsclients include leading real estate investors and major occupiersacross all sectors of the German economy. Itemploys approximately 100 professionals, includingarchitects, civil engineers and HVAC engineers,who will be fully integrated into CBRE's BuildingConsultancy group in Germany and across Europe.
Preuss is CBRE's second acquisition in Germany in 2014,following its purchase in February of VALTEQ GesellschaftmbH, a real estate technical consulting firm.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
