CBRE Group has bought German project management firm Preuss in its second acquisition of a property services firm in the country this year.

CBRE Group has bought German project management firm Preuss in its second acquisition of a property services firm in the country this year.

In February, CBRE acquired technical consultancy firm Valteq which specialises in technical and environmental due diligence for commercial real estate and has a 60-strong team.

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. Its 100 employees will be fully integrated into CBRE’s building consultancy group in Germany and across Europe.