CBRE Group has acquired the business of Convergences-CVL, a full service retail property consultancy in France.
Founded in 2010, Convergences-CVL is led by Jérôme Le Grelle and includes a team of 27 professionals based in Paris.
Convergences-CVL provides retail property services from strategic planning to transaction execution and property management for a range of clients, including developers, retailers and public sector entities.
Martin Samworth, CEO of CBRE, EMEA said: 'This acquisition adds market-leading expertise in retail consultancy and development advisory capabilities to our strength in retail transactions and will significantly enhance our ability to provide a full range of world-class retail services to our domestic and international clients in France.'
Le Grelle will assume the role of head of retail for CBRE in France. Prior to founding Convergences-CVL, Le Grelle held a number of high profile positions in the retail sector including head of real estate at luxury goods conglomerate LVMH, president of the French subsidiary of Rodamco Europe and chief operations officer of Carrefour Property.
The transaction comes sortly after Savills acquired retail specialist Larry Smith Italia to enhance its offering in the Italian retail sector.
Pictured: Jérôme Le Grelle
