Is Gleeds the next acquisition target? We’d prefer to stay independent

By Richard Steer2021-07-29T05:00:00

Richard Steer believes T&T and CBRE make a good match, but a merger is not on the horizon for his business

The announcement that CBRE has purchased a major stake in Turner & Townsend was a bit like the news of Tom Daley’s gold medal for diving in the Olympic pool. It has been a long time coming but was a pleasant surprise for many when it eventually did. Especially the T&T partners I would imagine who could be pocketing a large windfall.

Often consultants’ are regarded as the bridesmaids never the bride within the context of large and prestigious projects. The architects are the rock stars and the contractors are perceived as the heavy lifters, but what I argue is the vital role of project managers and cost managers - who bring the scheme in on time and to budget - some how seems to get lost in the recognition stakes.

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