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Company type | Partnership |
---|---|
Industry | Construction |
Founded | 1946 |
Founder | Cornelius Turner and Francis Ing |
Headquarters | , United Kingdom |
Number of locations | 125 offices, 48 countries |
Key people | Vincent Clancy (CEO) |
Services | |
Owners | CBRE Group (60%) |
Number of employees | 10,500+ (2023) |
Website | www.turnerandtownsend.com |
Turner & Townsend (officially Turner & Townsend Partners LLP) is a multinational professional services company headquartered in Leeds, United Kingdom specialising in programme management, project management, cost management and consulting across the property, infrastructure and natural resources sectors.
The company was founded in 1946, [1] and in 2018 had 125 offices in 48 countries, [2] with a presence in Europe, Middle East & North Africa, the Americas, Asia Pacific and Africa.
The company was founded in 1946 as Turner & Ing, a quantity surveying partnership in Darlington, United Kingdom. In 1956 the company became Turner & Townsend and opened several additional offices in the UK. In 1982 the first international office was opened in Johannesburg. [1] The company then expanded globally and in 2018 operated from 125 offices in 48 countries. [3]
In July 2021, the US commercial real estate group CBRE paid £960 million for a 60% stake in Turner & Townsend, [4] [5] helping it expand its international network. In June 2024, CBRE announced plans to merge its project management businesses into Turner & Townsend, creating a $3 billion business employing over 2,000 staff in 60 countries. [6] CBRE will also increase its T&T ownership stake to 70%; [6] Vincent Clancy, Turner & Townsend’s chairman and CEO (who joined the company in 1989, and had been on the Executive Board since 2002), [7] would join the CBRE main board. [6]
Turner & Townsend is best known for project management and programme management consultancy work in the real estate, infrastructure and natural resources sectors. [8] [9] [10] Heathrow Airport appointed them to provide cost management and commercial services for its latest five-year spending programme. [11] The company also project managed the construction of The Shard in London. [12] They were also contracted to provide cost planning services for Sydney’s North West Rail Link [13] and are providing cost estimating, project support and consultancy services for the Eni floating liquefied natural gas project in Mozambique. [14]