Turner & Townsend has agreed a deal to procure Profica, a Johannesburg headquartered consultancy specialising in actual property challenge control and development answers throughout Africa.
In keeping with Turner & Townsend, the deal will make it Africa’s main actual property challenge control consultancy.
Turner & Townsend has operated in Africa for greater than 40 years already and is these days in 13 towns in 11 international locations. The purchase of Profica and its team of workers of 80 would make bigger the corporate’s succeed in to 19 towns in 16 international locations, with round 400 workers.
Stephen McCartney, regional managing director for Africa at Turner & Townsend, mentioned: “Previous this yr, we reinforced our senior management crew in Africa as a sign of our intent to develop our trade within the area. This transfer additional displays our strategic dedication to Africa and our ambition to guide the marketplace in actual property challenge control.
“Through combining our features, we’re making a trade with outstanding scale, experience, and succeed in around the continent. We’re excited on the prospect of running with the crew at Profica and the alternatives this may no doubt carry.”
Profica founder and leader govt Tim White added: “There’s a herbal synergy between our two organisations – from our tradition and values to our focal point on high quality and consumer carrier. This partnership will permit us to supply purchasers a in point of fact complete and market-leading carrier throughout Africa.
“Through pooling our experience and features, we will be able to create a transparent business chief in Africa, one in a position to supply purchasers an unrivalled hands-on supply capacity for his or her development initiatives.”
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