What Did CBRE Buy Today?

For the second time in a year, Los Angeles developer CBRE Group Inc. has bought a London residential developer. 

CBRE this morning announced it has acquired Alan Selby & Partners, a 40-year old “residential development consultancy,” which also provides sales and leasing services.

Selby (http://www.alanselby.co.uk/consultancy/) focuses on the London Docklands market, including Canary Wharf, and the City of London. It is located in Southeast London by the Surry Commercial Docks site, a former center of commerce that has been converted to residential development since the late 1960.

CBRE acquired London-based EA Shaw in late 2012.

The CBRE press release says that Selby has consulted on more than 70 large development projects, and “is widely regarded as one of the pioneers of prime residential real estate development in the East End of London.”

CBRE says its “fast-growing UK residential business” is part of “a network of residential experts based in key markets across Europe, the Middle East and Asia to connect foreign buyers with prime opportunities in Central London.”

Senior Partner Alan Selby said in the release that the firm believes “that by becoming part of CBRE we can unite our capabilities and reputation in the London market with its global brand and worldwide network. This will enable us to provide the best possible service for clients seeking to take advantage of opportunities in the Central London market.”

CBRE is one of the world’s largest commercial real estate services and investment firm with about 37,000 employees in more than 300 offices, excluding affiliates, worldwide.

You can see the press announcement on CBRE's site, here: http://www.cbre.com/EN/aboutus/MediaCentre/2013/Pages/CBRE-Group-Inc-Acquires-Alan-Selby-and-Partners.aspx

 

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