Close the acquisition of a 60% ownership interest in Turner & Townsend
Delivered by the deadline
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 29 Jul 2021
- Due
- 31 Dec 2021
- Delivered
- 1 Nov 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“The acquisition is expected to close in the fourth quarter of 2021, subject to regulatory approvals and other customary closing conditions.”
What we found
Evidence strength A What the grades mean
CBRE Group successfully completed the acquisition of a 60% ownership interest in Turner & Townsend on November 1, 2021, which falls within the fourth quarter of 2021.
-
A Cbre Group 10-K filed 2022-03-01
“On November 1, 2021, we acquired a 60% controlling ownership interest in Turner & Townsend Holdings Limited (Turner & Townsend).” ✓ confirmed on the page
Market reaction: the shares moved -1.3% against the S&P 500 over the three sessions around the disclosure (28 Feb 2022 to 3 Mar 2022). What this measures
Checked 19 Oct 2026.
Commitment lineage
Every time the company restated this commitment. The original is never changed, and the outcome is always measured against version 1.
- 1 versions
-
Version 1 · original · stated 29 Jul 2021
Deadline 31 Dec 2021 (“in the fourth quarter of 2021”) · wording expected
-
Version 2 · stated 28 Oct 2021
Deadline 30 Nov 2021 (“early November”) · wording expected
“an initial payment of approximately $0.7 billion will be made in early November, when the transaction is expected to close.”
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- 60% ownership interest in Turner & Townsend
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to regulatory approvals; other customary closing conditions
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
Are you Cbre Group? You can publish an official statement next to this entry, free. Add a statement.
Is something here wrong or out of date? Companies and readers can ask us to check it. Please bring a link to a public source.
Report an error in this entry Reference: KI-C-2021-CBRE-015604 · Corrections policy