CBRE Group Inc. has strategically expanded its reach in Alberta's Clearwater region through Canadian Resource Roadways $(CRR.AU)$, an infrastructure business focused on industrial access roads. CRR, which is partly owned by funds managed by CBRE Investment Management, has successfully acquired a 24 km section of the East Exit Road along with other ancillary roadways. This acquisition, involving Sequoia Resources Corp. and other vendors, underscores CRR's growth and geographic expansion. The transaction is expected to close by the end of May, marking a significant milestone in supporting ongoing and future development in one of Alberta's most active resource plays.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CBRE Group Inc. published the original content used to generate this news brief via CNW (Ref. ID: C4840) on May 23, 2025, and is solely responsible for the information contained therein.