CBRE extends property and asset management capabilities with acquisition of Sogesmaint-CBRE (BE)

CBRE today announced that it has acquired full ownership of Sogesmaint-CBRE. Sogesmaint-CBRE is one of the most important 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 m² across 90 properties throughout the country and provides property management, project management and leasing services to clients.

The company’s professional team will become part of CBRE’s leading Property and Asset Management practice, which manages over 35 million m² of assets across EMEA with a focus on premier properties, shopping centers 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 the shopping center specialist in the Netherlands.

Gaetan Clermont, CEO, Belgium, Switzerland and Luxembourg, CBRE,:

The Sogesmaint-CBRE acquisition is part of our strategy to continually evolve our business and builds on our recent acquisitions in the Netherlands, Czech Republic, Slovakia, Poland, Latvia and Lithuania. To maximize the value of their real estate investments, our clients are increasingly seeking expert property management services aligned with high quality investment, leasing and asset management advice. Fully integrating Sogesmaint-CBRE into our Belgian business enables us to further enhance our service offering for the benefit of our extensive domestic and international client base

Micheline De Munck, CEO, SOGESMAINT-CBRE, :

We are thrilled to be fully joining up with CBRE. Our original relationship since 2006 afforded us access to the group’s substantial global platform, formidable client base and strength across all property sectors. Integrating the CBRE group will reinforce and increase our own clients’ access to this unique network and enable us to enhance the services we offer them. We look forward to further building on the successes of the past few years and further growing our offer to clients within CBRE's strong Property and Asset Management team to consolidate our leading position in Belgium.

Source: CBRE

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