---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-166331"
form_type: "8-K"
ticker: "CBRE"
cik: "0001138118"
company_name: "CBRE GROUP, INC."
filed_at: "2024-06-24T23:59:59+00:00"
generated_at: "2026-06-01T02:23:33.478358+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBRE to combine Project Management with Turner & Townsend, will own 70% of combined entity

## Summary
- CBRE will own 70% of the combined Turner & Townsend/CBRE Project Management business; T&T partners own 30%.
- Combined net revenue ~$3B in 2023, with ~15% net profit margin and double-digit revenue growth since 2021.
- Expected incremental run-rate core EPS of ~$0.15 by end of 2027 from synergies; cost of transaction ~$70M.
- Transaction expected to close around year-end 2024, subject to regulatory approvals and Works Council consultations.
- Beginning in 2025, CBRE will report Project Management results as a separate segment; Vince Clancy to lead and join CBRE Board.

## SEC filing metadata
- accession: 0001193125-24-166331
- form_type: 8-K
- ticker: CBRE
- cik: 0001138118
- company_name: CBRE GROUP, INC.
- filed_at: 2024-06-24T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1138118/000119312524166331/0001193125-24-166331-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1138118/000119312524166331/d853985d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-166331
- JSON: https://secwatch.observer/filing/0001193125-24-166331.json
- Plain text: https://secwatch.observer/filing/0001193125-24-166331.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.