Another major real estate firm is hopping on the SPAC bandwagon. CBRE, the world’s largest real estate services firm, has formed a blank-check company, called CBRE Acquisition Holdings. The new special-purpose acquisition company is seeking to “identify and acquire a privately held company with significant growth potential” for a merger or acquisition, according to a regulatory filing. It’s aiming for a valuation of up to $400 million in an initial public offering. “We believe we
source https://therealdeal.com/2020/11/09/cbre-latest-real-estate-firm-to-hop-on-spac-bandwagon/
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