CBRE Group Announces Purchase Of Preuss Gesellschaft - Quick Facts

(RTTNews) - Real estate firm CBRE Group, Inc. (CBG) Monday said it has closed the acquisition of Preuss Gesellschaft mbH and its subsidiaries, a provider of project management services in Germany.

Preuss focuses on the project management of new real estate developments and refurbishment of large existing properties. Its clients include leading real estate investors and major occupiers across all sectors of the German economy.

It employs around 100 professionals, including architects, civil engineers and HVAC engineers. They will be fully integrated into CBRE's Building Consultancy group in Germany and across Europe.

Preuss is CBRE's second acquisition in Germany this year, following its purchase in February of VALTEQ Gesellschaft mbH, a real estate technical consulting firm.