CBRE buys Norland Management

Building group CBRE said yesterday it has paid £250m – plus up to £50m in deferred considerations – for Norland Managed Services, a commercial building and technical engineering service provider in the UK and Ireland. Canaccord Genuity acted as sole financial adviser to the majority owner of Norland Management. Once the transaction is complete, Norland’s existing operations will operate as CBRE| Norland.