Global property advisor CB Richard Ellis Group (CBRE) has acquired EDConsulting, a real estate services company in Italy specialising in retail properties. The financial details for this transaction have not been disclosed.
Global property advisor CB Richard Ellis Group (CBRE) has acquired EDConsulting, a real estate services company in Italy specialising in retail properties. The financial details for this transaction have not been disclosed.
EDConsulting was founded in 2003 by Eric Daguin and is based in Brescia, northern Italy. The company's services include leasing, property marketing, property and asset management and consultancy for shopping centres and retail parks.
'The retail sector in Italy is experiencing strong growth, and the EDConsulting acquisition enables CB Richard Ellis to significantly enhance its retail service offering to clients in that region', the world's largest commercial real estate services firm said in a press release.
CBRE's President Mike Strong said: 'The acquisition in 2005 of the UK’s leading retail specialist, Dalgleish, opened a unique opportunity for us to develop a first-class retail capability throughout Europe. Since that time further acquisitions, coupled with strong organic growth, have enabled us to significantly extend our retail expertise across the region. EDConsulting is a powerful complement to our growing retail capabilities in Europe.'