CBRE closes purchase of Valteq in Germany

Property services group CBRE has closed the acquisition of German technical real estate consulting firm Valteq Gesellschaft.

With offices in Berlin, Stuttgart, Frankfurt, Munich and Nuremberg, Valteq specialises in technical and environmental due diligence for commercial real estate and has a 60-strong team.

The company provides technical asset management, project management and facilities management services and has a key focus on creating economically feasible sustainability solutions.

CBRE first announced the purchase in January.

'We are committed to providing our clients with the broadest range of property services possible, and the acquisition of a leading specialist such as Valteq certainly demonstrates this commitment,' commented Michael Strong, CBRE's chairman for EMEA.

Valteq will become a fully integrated part of CBRE's building consultancy group in Germany and across Europe.