CB Richard Ellis Group acquires retail specialist in Italy (IT/UK)

CB Richard Ellis Group, Inc. has announced the acquisition of EDConsulting, a leading commercial real estate services company in Italy specializing in retail properties. The acquisition of EDConsulting is another integral step in CB Richard Ellis' strategy to build the premier retail services capability across Europe.

Founded in 2003, EDConsulting has developed a strong reputation for serving the needs of national retailers and property owners. The firm is based in Brescia in northern Italy, and focuses on leasing, property marketing, property and asset management and building consultancy for shopping centers, retail parks and factory outlets.

EDConsulting is led by its founder, Eric Daguin, and serves an extensive roster of clients, including Gruppo Opera, Bconsulting Srl and Evercos.

The retail sector in Italy is experiencing strong growth, and the EDConsulting acquisition enables CB Richard Ellis to significantly enhance its retail service offering to clients in that region.

Mike Strong, President of CB Richard Ellis, EMEA, said: "The acquisition in 2005 of the UK's leading retail specialist, Dalgleish, opened a unique opportunity for us to develop a first-class retail capability throughout Europe. Since that time further acquisitions, coupled with strong organic growth, have enabled us to significantly extend our retail expertise across the region. EDConsulting is a powerful complement to our growing retail capabilities in Europe."

Alessandro Mazzanti, President of CB Richard Ellis, Italy, commented: "EDConsulting's expertise represents a very positive addition to our team. Together we will be able to offer unparalleled market knowledge across Italy's growing retail sector and deliver a very compelling full service platform to clients."

Eric Daguin, Managing Director EDConsulting, added: "Working together with CB Richard Ellis enables us to provide a broader level of service to our clients at a time of increased interest and activity in Italy's retail sector."

Source: CB Richard Ellis

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