CB Richard Ellis Group, Inc. announced the acquisition of Paul Gee & Co. Ltd, a privately-owned commercial property services company based in Aberdeen, Scotland. The acquisition will enable CB Richard Ellis to expand its leadership position in Scotland by combining Paul Gee & Co with CB Richard Ellis' existing operations in Edinburgh and Glasgow.
Paul Gee established Paul Gee & Co 27 years ago, and since that time the firm has developed a strong market position in investment and property consultancy in Aberdeen and throughout Scotland and has an impressive client portfolio. Aberdeen is Scotland's fastest-growing and third-largest business centre, and houses a significant number of multi-national energy corporations, with which Paul Gee & Co has strong relationships.
Martin Samworth, UK Managing Director, CB Richard Ellis, said: "This acquisition enhances our capabilities in Scotland and reinforces our brand positioning as the premier firm for client service and market insight across the entire UK region. We are now a leading player in Scotland capable of delivering high quality expertise and advice wherever our clients' business interests may be."
Paul Gee, Managing Director at Paul Gee & Co, said: "We are extremely excited to be joining forces with CB Richard Ellis. The company's global platform and strength in the marketplace will give us an excellent opportunity to grow our position both in Scotland and internationally. Our clients will benefit enormously from this merger."
Source: FD Tamesis