BUZZ-CBRE rises after deal to acquire remaining stake in Industrious

Reuters
01-14

** Shares of real estate services firm CBRE Group rise 1.4% to $125.31

** Co says it will acquire the 60% stake it does not already own in Industrious National Management Company for $400 mln

** Co says it will also create a new business segment called Building Operations & Experience

** Industrious, founded in 2012, offers flexible workplaces at more than 200 locations in over 65 cities globally

** Deal values Industrious at ~$800 million, including debt

** CBRE down ~4.3% YTD after rising ~41% in 2024

(Reporting by Rupali Chaudhary in Bengaluru)

((Rupali.Chaudhary@thomsonreuters.com))

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