Currie & Brown acquires Alba Projektmanagement GmbH

Schahin Haghani has advised Currie & Brown on the acquisition of alba Bau | Projekt Management GmbH, the German project and construction management subsidiary of UBM Development.

Currie & Brown is a global leader in asset management and construction advisory services with 2,100 employees worldwide. With this acquisition, Currie & Brown expands its presence in continental Europe and will be able to offer its industry-leading sector expertise in the important areas of project and cost management.

Alba generates just under 90% of its business from third parties and its operations do not represent UBM’s new strategic focus. However, with 75 employees, Alba accounts for 20% of UBM’s total headcount.

In addition to comprehensive access to the German market, Currie & Brown will also gain extensive project management expertise, a solid customer base and an excellently established company.