CBRE Group Buys European Property Management Firm

Posted by Orb Staff on March 20, 2013 No Comments
Categories : Commercial Mortgage

13501_dollars2 CBRE Group Buys European Property Management Firm Los Angeles-based CBRE Group Inc. has announced the acquisition of IMPACT-CORTI, a firm specializing in property management in the Czech Republic and Slovakia.

IMPACT-CORTI employs 160 professionals and manages 140 commercial, residential and industrial properties totaling six million square feet. Among its most notable properties is the Burzovni Palac, the home of the Prague Stock Exchange.

‘By joining CBRE, we are creating a huge opportunity for both our clients and our colleagues,’ says Jurg Zwahlen, chairman of the board of IMPACT-CORTI. ‘As part of one of the most integrated and respected commercial real estate advisory companies in the world, we will be able to better collaborate to deliver market insight and strategic advice to clients across the region, addressing a requirement that is not yet fulfilled in the market.’

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