CBRE Acquires SOGESMAINT-CBRE - Analyst Blog

By Zacks Equity Research,

Shutterstock photo

As part of its efforts to broaden service offering in the EMEA (Europe, Middle East and Africa) region, CBRE Group Inc. ( CBG ) acquired a Belgium-based property and asset management specialist - SOGESMAINT-CBRE. The company earlier held a minority interest in this Belgium company.

The upscale acquisition will boost CBRE's competence in the region with SOGESMAINT-CBRE being one of the leading property and asset management businesses in Belgium and managing more than 1.4 million square meters across 90 properties throughout the country. The company also offers project management and leasing services.

The deal also brings on board SOGESMAINT-CBRE's expert professional team that would now be a part of its EMEA Property and Asset Management practice, which manages over 35 million square meters of assets across the region.

CBRE Group has been significantly focusing on increasing the depth and breadth of its operations across European countries. The acquisition of IMPACT-CORTI and Euro Mall Center Management, two property management firms operating in Central Europe, and SCM, a shopping center specialist in the Netherlands, accentuates CBRE Group's strategic focus on this region.

We expect these strategic deals to complement CBRE Group's existing property management services in the region and further boost the company's capability to meet the increasing client demand.

CBRE Group currently carries a Zacks Rank #3 (Hold). However, REIT's that are performing better include E-House (China) Holdings Limited ( EJ ) having a Zacks Rank #1 (Strong Buy) while Desarrolladora Homex, SAB de CV ( HXM ) and CubeSmart ( CUBE ) carry a Zacks Rank #2 (Buy).

CBRE GROUP INC (CBG): Free Stock Analysis Report

CUBESMART (CUBE): Free Stock Analysis Report

E-HOUSE CHINA (EJ): Free Stock Analysis Report

DESARROLLADORA (HXM): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Business , Stocks
Referenced Stocks: CBG , CUBE , EJ , HXM

More from


Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by