CBRE acquires Montlaur Project Services

Clarendon Lawyers is pleased to have advised the shareholders of Montlaur Project Services (Montlaur) on the sale of Montlaur to CBRE Group, Inc (CBRE).

Montlaur was established in 1988 and has a longstanding active reach in project management across a range of industry sectors, including commercial, government, education, industrial, health, aged care, residential, retail and hospitality. Since its establishment, Montlaur has delivered an impressive 2.5 million square metres of projects valued at more than AU$4.0 billion.

The Clarendons team was led by Managing Director, Tony Symons, and Senior Associate, Alexandra Gleed. Pitcher Partners advised on the commercial aspects of the transaction. Bird & Bird acted as legal adviser to CBRE.

Tony Symons congratulated Montlaur on its sale to CBRE: “We are thrilled to have assisted the founders of Montlaur on its sale to CBRE. Montlaur has had an enduring presence in project management, particularly in Victoria, where it is a market leader. The fact that the Montlaur business was identified and pursued as an attractive acquisition opportunity by a global market-leading business is a testament to the quality of the business built by the Montlaur founders and shareholders. CBRE offers significant growth opportunities for the Montlaur business and its staff. We look forward to seeing the Montlaur business continue to thrive under the strength of the CBRE brand banner.”