Rivals praise T&T’s deal-making skills but sound alarm over loss of independence to CBRE

By Dave Rogers2021-07-28T05:01:00

Described as ‘transformational’ by US giant, T&T’s UK peers have their say on move

Rival firms have said CBRE’s £960m swoop for a 60% stake in T&T represents a good deal for the UK consultant – but warned it faces losing its independence in the coming years with some clients telling Building they feared its service will diminish as a result.

The US real estate giant yesterday announced it had bought a majority stake in the 75-year-old firm, valuing it at £1.6bn in a deal which T&T chief executive and chairman Vince Clancy said had been under discussion since the end of last year.

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