Windfalls for T&T partners set to be paid in two tranches to prevent exodus of key staff

By Dave Rogers2021-08-09T05:00:00

Amounts to be paid now and in three years’ time, Building understands

Turner & Townsend partners won’t be able to access all their windfalls from the deal to sell 60% of the business to CBRE for another three years, Building understands.

Details of the terms of last month’s agreement are beginning to emerge and in an effort to head off an exodus of key staff, T&T’s 106 partners are understood to have been told they will be paid half the money for their stakes when the deal completes later this year with the remainder due to be handed over by 2024.

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