CBRE Acquires Retail Asset Consultancy
- Jul 17, 2017
CBRE acquired the business of Convergences-CVL, a leading, full service retail property consultancy based in Paris.
“This acquisition adds market-leading expertise in retail consultancy and development advisory capabilities to our strength in retail transactions and will significantly enhance our ability to provide a full range of world-class retail services to our domestic and international clients in France,” said Martin Samworth, CEO of CBRE, EMEA, in prepared remarks.
Founded in 2010, the company is led by Jérôme Le Grelle and includes a team of 27 professionals based in Paris. Convergences-CVL provides a range of retail property services including strategic planning, transaction execution and property management.
Le Grelle will assume the role of head of retail for CBRE in France. Prior to founding Convergences-CVL, he held a number of positions in the retail industry including head of real estate at LVMH, president of the French subsidiary of Rodamco Europe and COO of Carrefour Property.
“CBRE’s global footprint and broad service offering is a critical factor which will enable us to deliver more advantages to our clients and we look forward to enhancing our position as the premier retail team in France,” said Le Grelle, in prepared remarks.
Image courtesy of CBRE