PropertyEU

CB Richard Ellis buys Trammell Crow for EUR 1.7 bn

By A staff reporter 2006-10-31T00:00:00

CB Richard Ellis is to buy Dallas-based real estate service provider Trammell Crow for EUR 1.7 bn ($2.2 bn) in a move that will double CBRE's property management business. CBRE, the world's largest real estate advisor, agreed to pay $49.1 per share and to assume Trammell's corporate debt. The ...

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