CBRE Group, Inc. (CBRE, Financial) has announced a significant restructuring of its business segments, effective January 1, 2025. The company has posted recast historical financial information on its Investor Relations website, detailing revenue by business line and operating profit under the new segment structure.
As part of this restructuring, CBRE has combined its project management business with its Turner & Townsend subsidiary, creating a new business segment named Project Management. This change will be reflected in the company's financial results starting from the first quarter of 2025.
Additionally, CBRE has acquired the remaining equity interest in Industrious, a provider of premium flexible workplace solutions. This acquisition has led to the establishment of another new business segment, Building Operations & Experience, which encompasses enterprise and local facilities management, property management, and flexible workplace solutions.
The company's four business segments, as of January 1, 2025, are: (1) Advisory Services; (2) Building Operations & Experience; (3) Project Management; and (4) Real Estate Investments.
This strategic realignment aims to enhance CBRE's operational efficiency and better serve its clients by focusing on specialized business areas. Investors and stakeholders can access the detailed financial information on the company's Investor Relations website.
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