CBRE rises after deal to acquire remaining stake in Industrious

CBRE

14/01/2025 15:37

** Shares of real estate services firm CBRE Group  CBRE.N 
rise 1.4% to $125.31
    ** Co says it will acquire the 60% stake it does not already
own in Industrious National Management Company for $400 mln
    ** Co says it will also create a new business segment called
Building Operations & Experience
    ** Industrious, founded in 2012, offers flexible workplaces
at more than 200 locations in over 65 cities globally
    ** Deal values Industrious at ~$800 million, including debt
    ** CBRE down ~4.3% YTD after rising ~41% in 2024
   

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.Chaudhary@thomsonreuters.com))