CBRE has acquired a majority interest in Basale Sverige, a property and asset management company based in Stockholm.

CBRE has acquired a majority interest in Basale Sverige, a property and asset management company based in Stockholm.

The acquisition from Basale marks CBRE's third investment in its EMEA property and asset management platform this year.

Basale Sverige (Basale Sweden) provides property management and leasing, facilities management, accounting, risk management and procurement services to a range of institutional, private and public clients in Sweden.

The company’s professional team will become part of CBRE’s EMEA property and asset management practice, which manages over 35 million m2 of assets across the region with a focus on premier properties, shopping centres and major portfolios.

The firm will be renamed CBRE-Basale, and its team will continue to be led by Ulf Attebrant, currently CEO of Basale Sweden.

The move follows on from recent acquisitions by CBRE of specialist property management firms in the Czech Republic (Impact Corti) and Belgium (Sogesmaint-CBRE).