CBRE strengthens on the segment of commercial real estate by taking control of Convergences…

CBRE Group, Inc. (NYSE:CBG) announced it had acquired a majority of the capital of Convergences-CVL, specializing in consulting in the field of commercial real estate.

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Created in 2010 by Jérôme Le Grelle, Convergences-CVL develops a 360° approach of the trade. In the service of brands, investors, public authorities, planners and developers, the operational board with high added value is at the heart of its proposal.

CBRE and Convergences-CVL, by pooling their forces, deploy an integrated model is unique, based on about 50 trade specialists.

“This acquisition brings a recognized expertise operational consulting to our trading activities, and, therefore, increases significantly our ability to provide a complete service to our French and international clients,” said Martin Samworth, CEO of CBRE, EMEA.

“With Jerome and the teams of Convergences-CVL combined with those of CBRE, we are able to respond with agility to all the business issues of our customers, everywhere in France, and have the ambition to become the n°1 of the board at Retail,” says Fabrice Allouche, President of CBRE France.

“CBRE and Convergences-CVL make a perfect combination. The international dimension of CBRE, its strengths in marketing and investment are the perfect complement to the approach of operational board of Convergences-CVL, and thus strengthen our means and our capacity for intervention, whatever the subjects, ” adds Jérôme Le Grelle, President of Convergences-CVL.

The line of business of Retail, CBRE will be headed for France by Jérôme Le Grelle, a recognized specialist in commercial real estate. Previously the director of real estate to LVMH, and then President France to Rodamco, he was the General Manager of Carrefour Property, prior to founding Convergence.

CBRE – Convergences now has an organization unique on the market, bringing together all the expertise needed to support its customers on all their issues in real estate and commercial planning, in the paris region, in the regions and to international markets : Studies of implantation and forward-Looking, Mounting & AMO, Marketing & Holding Representation, Investments, Property Management, and Asset Management.

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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a company listed on the Fortune 500 and the S&P 500 having its headquarters in Los Angeles, is the largest company in the world in the area of services and investment in the real estate business (in terms of turnover for the year 2016). The Company has more than 75 000 people (excluding affiliates), and responds to the needs of owners and real estate investors as well as tenants in the whole world thanks to its network of more than 450 offices (excluding affiliates). CBRE has a consulting activity in the areas of strategy and implementation in the context of sales and real estate rental ; an activity of service to the business, management of buildings, facilities, and projects ; advice relating to loan real estate ; survey and valuation ; development ; investment management; and research and consulting. Visit our web site at www.cbre.com.

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