CBRE Group Buys UK-based Retail Property Advisor Michael Horwitz & Co.

(RTTNews) - CBRE Group, Inc. (CBG) said it has acquired Michael Horwitz & Co., a London-based retail property advisor specializing in the luxury goods retail sector.

The move follows CBRE's acquisition of the luxury retail property advisor Michael Peddar & Co in 2011. It also strengthens the company's retail property advisory and transaction service offer for clients operating within the growing luxury goods and life style sector.

Michael Horwitz & Co. was founded in 1996 and is led by Michael Horwitz. The company has a client base of British and international aspirational and luxury retail brands. It has been particularly successful in advising French and Italian premium brands on their real estate strategies to enter and expand in the UK, according to the CBRE Group.

Michael Horwitz and his team will join CBRE's UK retail team in London. They will operate alongside CBRE's London retail experts including Eric Eastman, Kevin Farrow and Mark Burlton and with CBRE's global retail team.