CBRE has entered into a final agreement to acquire Valteq Gesellschaft, a German technical due diligence specialist with offices in Berlin, Stuttgart, Frankfurt, Munich and Nuremberg.
CBRE has entered into a final agreement to acquire Valteq Gesellschaft, a German technical due diligence specialist with offices in Berlin, Stuttgart, Frankfurt, Munich and Nuremberg.
Financial details were not disclosed.
Alteq, which was founded by its current owners, Thomas Herr, Gabriele Lüft and Jürgen Scheins, specialises in technical and environmental due diligence for commercial real estate and has a 60-people strong team. It also provides technical asset management, project management and facilities management services and has a key focus on creating economically-feasible sustainability solutions.
Upon closing of the acquisition, Valteq will become a fully integrated part of CBRE's Building Consultancy group in Germany and across Europe.
Valteq's clients include real estate investors and major occupiers, notably in the financial industry. Its team of around 60 professionals includes civil engineers, architects, economists, geologists and service technicians.
The acquisition is expected to close before the end of the first quarter of 2014 and is subject to German regulatory approval.