MUNICH—CBRE Group has entered into a definitive agreement to acquire Preuss Gesellschaft and its subsidiaries. Preuss was founded in 2003 by Norbert Preuss and provides market-leading project management services in Germany.
Preuss primarily focuses on project management of new real estate development and refurbishment of large properties. Preuss's clients include leading real estate investors and major occupiers across all sectors of the German economy. Its team of approximately 100 professionals, including architects, civil engineers and HVAC engineers, operate out of offices in Munich, Berlin, Frankfurt and Dusseldorf.
Preuss is CBRE's second acquisition in Germany in 2014, following its February purchase of VALTEQ Gesellschaft , a real estate technical consulting firm.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
