CBRE GROUP, INC. TO ACQUIRE LEADING PROJECT MANAGEMENT FIRM IN ISRAEL
CBRE Group, Inc. today announced the acquisition of Yaron Levy Project Management, a leading project management firm serving real estate occupiers and investors in Tel Aviv, Israel.
Founded in 2010 by the collaboration of Chen Yaron and Uri Levy, Yaron Levy Project Management provides office fit-out and industrial project management solutions, serving local and global clients. Yaron Levy Project Mangement will operate as part of CBRE’s Global Workplace Solutions (GWS) business.
This acquisition follows CBRE’s purchases in 2018 of leading Israeli companies, MAN Properties, a real estate advisory firm, and Ramot Group, a facilities management provider. CBRE’s expanded capabilities in the Israeli market will enable the company to serve occupier and investor needs at every stage of the property life cycle.
“This acquisition adds complementary market-leading project management expertise to our existing capabilities. The Yaron Levy team is highly regarded in the market and we are now in an even stronger position to deliver exceptional outcomes for our clients and to continue building a world-class offering in the region.”
"Yaron Levy is honored by this acquisition as it is a recognition of the first-rate service we are providing to our customers. We would like to thank our team and partners along the way for the remarkable achievements. The Yaron Levy team is looking forward to becoming part of the CBRE family and offering new levels of excellence to our Israeli and international clients."