CBRE Group, Inc. (NYSE:CBRE) Q3 2023 Earnings Call Transcript

As it relates to infrastructure, there is two areas of our business where we are active with infrastructure. We have a nice size infrastructure investment management business. It’s small relative to our overall investment management business, but it’s in the upper-single digits in terms of billions of dollars of AUM, and we are looking for opportunities to grow that because we think it’s got great long-term secular profile. The other place where we have a very significant infrastructure business is with the Turner & Townsend acquisition. They do a lot of infrastructure, program management, cost consultancy and project management. And they are well positioned – they are very well positioned in geographies around the world where that work is going on.

They do a decent amount of work and a significantly growing amount of work as it relates to sustainability. So, we have a pretty strong infrastructure profile with them.

Jade Rahmani: Thank you.

Operator: Thank you. We have reached the end of our question-and-answer session. And at this time, I would like to turn the floor back over to CEO, Bob Sulentic for closing comments.

Bob Sulentic: Thanks everyone and we look forward to getting back together with you when we announce our year-end earnings.

Operator: This concludes today’s teleconference. You may now disconnect your lines at this time. Thank you for your participation.