CBRE today announced the acquisition of one of the UK’s leading asset management and development management business, Sovereign Centros. This acquisition will enhance CBRE’s asset management and development management capability, particularly within retail, expanding the company’s client relationships and growing its expertise across sectors.
Sovereign Centros focuses on shopping centres and retail parks, leisure and mixed-use properties, with nearly 14 million square feet under management. It works with a wide range of global capital, banking and financial institutions and leading pension funds. Key projects include asset management of The Metrocentre in Gateshead, Festival Place in Basingstoke, Merry Hill Shopping Centre in Dudley, the Telford Centre in Telford and the St Enoch Shopping Centre in Glasgow.
Its team of 30 professionals will join CBRE’s existing Asset Management and Development Management teams, which will be led by Chris Geaves, Chief Executive of Sovereign Centros.
Source: news.cbre.co.uk on the 3rd of November 2023
https://news.cbre.co.uk/cbre-acquires-sovereign-centros-a-leading-uk-asset-management--and-development-management-business/