# CBRE expansion in data center infrastructure services

> Developing situation record from CLSTR: https://clstr.news/situations/cbre-expansion-in-data-center-infrastructure-services
> Updated: 2026-10-24T17:40:17.000Z. Sources: 4. Developments: 2.

CBRE Group has initiated a strategic expansion into the data center sector through the acquisition of London-based Onnec Group. The acquisition, valued at an initial £460 million (approximately $613 million) with potential earnouts of up to £300 million, aims to bolster CBRE’s Critical Infrastructure Services business line.

Following the announcement of the deal, CBRE reported a 12.7% increase in third-quarter revenue to $11.517 billion. The company noted that its technical infrastructure services revenue grew by 80%, driven largely by the data center sector. Management expects this segment to reach nearly $7 billion in revenue by 2027. To sustain this momentum, CBRE is prioritizing mergers and acquisitions over share buybacks.

## Timeline

### 2026-10-24: CBRE reports revenue growth driven by infrastructure services

CBRE reported a 12.7% rise in quarterly revenue to $11.517 billion, fueled by data center infrastructure growth, despite headwinds in capital markets due to high interest rates.

2 sources. https://clstr.news/cluster/cbre-reports-revenue-growth-driven-by-infrastructure-services

### 2026-10-20: CBRE acquires Onnec Group for $613 million to expand data center services

CBRE is acquiring London-based Onnec Group for $613 million in cash, plus potential earnouts, to expand its global data center infrastructure and critical services capabilities.

3 sources. https://clstr.news/cluster/cbre-acquires-onnec-group-for-613-million-to-expand-data-center-services

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Cite as: CBRE expansion in data center infrastructure services. CLSTR, https://clstr.news/situations/cbre-expansion-in-data-center-infrastructure-services