This article is from the Australian Property Journal archive
GLOBAL real estate firm CBRE has acquired TelferYoung Limited, New Zealand’s largest independent property valuation and advisory firm.
The acquisition will almost double the size of CBRE’s NZ staff and boost its valuation offering to clients.
TelferYoung employs approximately 200 staff in 14 offices, providing valuation and advisory services across rural, residential, industrial, commercial, retail and infrastructure assets.
CBRE New Zealand senior managing director Andrew Stringer said, “With TelferYoung, we will diversify our footprint, client type and capability, adding a residential offering to our strong New Zealand commercial valuations business. It will also provide us with capabilities in areas such as agriculture and tourism, which are mainstays of the New Zealand economy.”
“Our businesses are extremely well aligned, both strategically and culturally. This integration will broaden our combined market coverage and allow us to provide an expanded range of services to our clients as well as enhanced career opportunities for our people.” Rowan Cambie, TelferYoung board chair said.
