CBRE Group acquired full ownership of SOGESMAINT-CBRE, a property and asset management specialist.
CBRE has held a minority interest in the company since 2006.
SOGESMAINT-CBRE manages more than 90 properties throughout Belgium and also provides project management and leasing services.
The company's team will become part of CBRE's leading EMEA Property and Asset Management practice.
"Our business continually evolves to ensure we meet the current and future needs of our clients. The SOGESMAINT-CBRE acquisition is part of this commitment, ensuring we have the leading property and asset management platform across the EMEA region, and builds on our recent acquisitions that have expanded our business in the Netherlands, Czech Republic, Slovakia, Poland, Latvia and Lithuania," said Michael Strong, executive chairman of CBRE.
He added, "Since first partnering with SOGESMAINT-CBRE in 2006, we have had an exceptionally strong relationship with them driven by our mutual focus on client service, industry best practice and innovation and I am delighted to bring them fully into CBRE."