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CBRE agrees to purchase affiliate in Norway

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CBRE agrees to purchase affiliate in Norway

CBRE Group Inc.said March 30 that it agreed to acquire its Norwegian affiliate, Atrium AS, ina move to strengthen its presence in the Nordics.

The financial terms of the transaction were not disclosed.

The acquisition will help the company take advantage ofburgeoning real estate activity in the region. CBRE said the transaction willalso enable it to align its recently expanded occupier outsourcing , Global WorkplaceSolutions, with Atrium's existing capabilities in this area.

The acquisition is subject to customary approval from theNorwegian Financial Supervisory Authority. Completion should occur by the endof April.