South Africa’s Profica joins forces with global player Turner & Townsend
Johannesburg-headquartered Profica is joining forces with Turner & Townsend, one of the world’s largest project management consultancies in the construction and real estate sector.
With a team of over 80 professionals operating in South Africa and across the African continent, Profica is a well-known brand in the construction and real estate sector. The firm’s portfolio of work includes major office HQ developments for Stanbic IBTC in Nigeria and Barclays Bank in Zambia, as well as Netcare Alberton Regional Trauma Hospital and Old Mutual Precinct development in South Africa.
Profica offers a range of services for occupiers, builders, and investors, such as project and portfolio management, cost management, design, advisory, and construction oversight.
Having worked closely with CBRE over the past years, Profica is now taking its partnership with the group – which owns Turner & Townsend – to the next level. As part of the deal, Profica will become part of Turner & Towsend.
“This move reflects our strategic commitment to growing our presence in Africa and our ambition to lead the market in real estate project management. By combining our capabilities, we are creating a business with exceptional scale, expertise, and reach across the continent. We are excited at the prospect of working with the team at Profica and the opportunities this will undoubtedly bring,” said Stephen McCartney, Regional Managing Director for Africa at Turner & Townsend.
Headquartered in Leeds in the UK, Turner & Townsend has over 22,000 people operating in 60 countries. The firm last year doubled in size when it welcomed CBRE’s Project Management business into its ranks.
In Africa, Turner & Townsend has operated for over 40 years, currently in 13 cities in 11 countries. The acquisition will expand the company’s reach to 19 cities in 16 countries, with around 400 employees.
“This partnership will allow us to offer clients a truly comprehensive and market-leading service across Africa,” said Tim White, CEO and Founder of Profica. “By pooling our expertise and capabilities, we will create a clear industry leader in Africa, one able to offer clients an unrivalled hands-on delivery capability for their construction projects.”
In August, Turner & Townsend completed another acquisition on the African continent, although Egypt-based ValueMetric Consultants falls under the company’s MENA business unit from a governance perspective.
