CBRE Group, the global commercial real estate services and investment firm, today announced that it has acquired full ownership of SOGESMAINT-CBRE, a property and asset management specialist operating in Belgium. CBRE has held a minority interest in the company since 2006.
SOGESMAINT-CBRE was established in 1973 and today it is one of the leading property and asset management businesses in Belgium. The company manages over 1.4 million square meters across 90 properties throughout the country and also provides project management and leasing services.
The company’s professional team will become part of CBRE’s EMEA Property and Asset Management practice, which manages over 35 million square meters of assets across the region with a focus on premier properties, shopping centres and major portfolios. In response to growing client demand, CBRE has significantly strengthened this capability in the region, underlined by its recent acquisitions of IMPACT-CORTI and Euro Mall Center Management, two property management firms operating in Central Europe, and SCM, a shopping centre specialist in the Netherlands.
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