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Turner & Townsend

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Turner & Townsend Partners LLP
Company typePartnership
IndustryConstruction
Founded1946
FounderCornelius Turner and Francis Ing
Headquarters
Leeds
,
United Kingdom
Number of locations
125 offices, 48 countries
Key people
  • Vincent Clancy (CEO)
  • James Dand (COO)
  • Colm "Cuppa" Coffey (CPO)
  • Richard Peers (Finance Director)
Services
OwnersCBRE Group (60%)
Number of employees
10,500+ (2023)
Websitewww.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 operated 125 offices in 48 countries,[2] with a presence in Europe, Middle East & North Africa, the Americas, Asia Pacific and Africa.

History

[edit]

The company was founded in 1946 as Turner & Ing, a quantity surveying partnership based in Darlington, United Kingdom.[1] During 1956, the company was rebranded as Turner & Townsend and opened several additional offices across the UK. During 1982, the company opened its first international office in Johannesburg.[1] In 1996, the firm was restructured into Turner & Townsend Group; the subsidiary Turner & Townsend Management Solutions was also created around this time. Throughout the 1990s, it set up operations in Asia as well as opened a further five offices across Africa.[1]

During the 2000s, the company expanded into the Americas and Australia;[1] expansion within the UK also continued, often involving the recruitment of whole teams from rival companies.[3][4] During 2009, the company underwent senior management changes as well as restructuring;[5][6] within two years, almost 50 per cent of the company's undertakings were originating from outside the British market, a trend that company's management anticipated to continue over time.[7] In late 2011, Turner & Townsend launched the takeover of the US project management company Ferzan Robbins & Associates as part of its overseas expansion.[8] Two years later, it also acquired of the Norwegian contract management and strategic procurement consultants Pearson Lugard A/S.[9] By 2018, Turner & Townsend operated from 125 offices across 48 countries.[10]

In July 2021, the US commercial real estate group CBRE purchased a 60 percent stake in Turner & Townsend in exchange for £960 million.[11][12] The acquisition has led to the company expanding 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.[13] CBRE will also increase its T&T ownership stake to 70 percent;[13] Vincent Clancy, Turner & Townsend’s chairman and CEO (who joined the company in 1989, and had been on the Executive Board since 2002),[14] would join the CBRE main board.[13]

Notable projects

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Turner & Townsend is best known for its provision of project management and programme management consultancy work in the real estate, infrastructure and natural resources sectors.[15][16][17]

Various businesses and organisations have turned to the firm over the years. During 1993, Warner Brothers turned to Turner & Townsend for cost management services to its then mid-construction UK retail stores.[18] It has also provided services to the British government on multiple occasions; during the mid 1990s, it undertook project management and quantity surveying work for a Ministry of Defence accommodation scheme on Cyprus,[19] cost management and surveying work for the new headquarters of the Department of Energy,[20] as well as cost management of the Trident nuclear deterrence programme.[21]

By the late 1990s, the company was generating considerable revenue from the British government's private finance initiative (PFI) schemes, which facilitated various activities traditionally performed by the public sector to be competitively contracted out to private companies.[22][23] Similar such arrangements continued into the early 21st century.[24]

In January 2008, Turner & Townsend's rail division was awarded work on Network Rail's new rail services framework, valued at £30 billion.[25][26] That same year, it was selected to project manage the construction of The Shard, the tallest building in London at the time of its completion.[27][28] In July 2011, they were contracted to provide cost planning services for Sydney’s North West Rail Link.[29] During 2014, Heathrow Airport appointed them to provide cost management and commercial services for its latest five-year spending programme.[30] That same year, it was awarded a contract to provide cost estimating, project support and consultancy services for the Eni floating liquefied natural gas project in Mozambique.[31] During the early 2020s, the company has taken a leading role in the British government's refurbishment scheme for social housing.[32]

Partial list of additional key projects

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Awards and recognition

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  • Engineering, Construction and Infrastructure project of the year – Association for Project Management 2017[42]
  • CEO of the year – Building Awards 2017[43]
  • CEO of the year – Building Awards 2014[44]
  • Consultant of the year – Building Awards 2014 & 2013[45][46]
  • The Queens Award – Enterprise in International Trade 2014[47]
  • Sunday Times International Track 200 – top UK-based companies with the fastest growing international sales 2014[48]
  • Number 1 in the Sunday Times PwC Top Track 250 – 2020[citation needed]

References

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  1. ^ a b c d e "Our story". turnerandtownsend.com. Retrieved 13 March 2018.
  2. ^ "Our approach". turnerandtownsend.com. Retrieved 13 March 2018.
  3. ^ KLETTNER, ANDREA (8 September 2008). "Turner & Townsend expands Sheffield office". constructionnews.co.uk.
  4. ^ "Turner and Townsend relocates". constructionnews.co.uk. 8 February 2012.
  5. ^ Barrie, Giles (14 May 1999). "New Turner & Townsend boss reshuffles top team". building.co.uk.
  6. ^ HOYLE, RHIANNON (24 July 2009). "Turner & Townsend increase revenue but suffer blow to profits". constructionnews.co.uk.
  7. ^ FITZPATRICK, TOM (27 July 2011). "Non-UK markets prove growth areas for Turner&Townsend". constructionnews.co.uk.
  8. ^ "Turner & Townsend buys US firm". constructionnews.co.uk. 21 October 2011.
  9. ^ FITZPATRICK, TOM (24 April 2013). "Turner & Townsend buys Norwegian oil and gas specialist". constructionnews.co.uk.
  10. ^ "Annual Review 2017–2018". Turner & Townsend. Retrieved 27 July 2021.
  11. ^ Price, David (27 July 2021). "Turner & Townsend sells major stake to US firm in £960m deal". Construction News. Retrieved 27 July 2021.
  12. ^ OBeirne, Sarah (4 November 2021). "CBRE completes £960m deal for majority ownership of Turner & Townsend". FMJ. Retrieved 28 January 2024.
  13. ^ a b c Morby, Aaron (25 June 2024). "CBRE and T&T to combine project management arms". Construction Enquirer. Retrieved 25 June 2024.
  14. ^ "Vincent Clancy: Executive Profile & Biography – Bloomberg". bloomberg.com. Retrieved 13 March 2018.
  15. ^ "Turner & Townsend plc: Private Company Information". www.bloomberg.com. Retrieved 13 March 2018.
  16. ^ "TURNER & TOWNSEND INTERNATIONAL PLC". www.britishexpertise.org. Retrieved 13 March 2018.
  17. ^ "Top 150 consultants 2016". Building. Retrieved 13 March 2018.
  18. ^ "12Aug93 UK: SHOP COST SERVICE – TURNER AND TOWNSEND. Turner and Townsend is to provide cost management services for five Warner Brothers Studio Stores to be built throughout the UK". constructionnews.co.uk. 12 August 1993.
  19. ^ "16Jun94 CYPRUS: TURNER AND TOWNSEND SCOOPS CYPRUS TREAT". constructionnews.co.uk. 16 June 1994.
  20. ^ "27Oct94 UK: DOE ON THE MOVE – TURNER AND TOWNSEND CONTRACT". constructionnews.co.uk. 27 October 1994.
  21. ^ "240m bill to control costs on Trident". constructionnews.co.uk. 2 February 1995.
  22. ^ Barrie, Giles (14 May 1999). "New Turner & Townsend boss reshuffles top team". building.co.uk.
  23. ^ "Turner & Townsend chosen for new Paddington hospital PFI job". building.co.uk. 5 January 2006.
  24. ^ "T&T picked for PfS framework". constructionnews.co.uk. 20 January 2009.
  25. ^ Nikkhah, Roya (7 March 2003). "Just the job". building.co.uk.
  26. ^ "Turner & Townsend on £30bn Network Rail list". constructionnews.co.uk. 22 January 2008.
  27. ^ Richardson, Sarah (23 May 2008). "Turner & Townsend to project-manage the Shard". building.co.uk.{{cite web}}: CS1 maint: url-status (link)
  28. ^ ROGERS, DAVID (19 June 2008). "Shard price still to be fixed". constructionnews.co.uk.
  29. ^ Withers, Iain (29 July 2011). "Turner and Townsend bags Sydney Rail Link contract". Building.
  30. ^ Pitt, Vern (28 March 2014). "T&T lands double role on £1.5bn Heathrow programme". Building.
  31. ^ "Turner & Townsend wins role on floating LNG project". theconstructionindex.co.uk. 3 December 2014.
  32. ^ "Turner & Townsend to support social housing refurb programme". theconstructionindex.co.uk. 4 March 2022.
  33. ^ "Turner & Townsend win new runway contract for Hong kong Airport". builderandengineer.co.uk.{{cite web}}: CS1 maint: url-status (link)
  34. ^ "Turner & Townsend Appointed to Carmichael Coal Mine". Australasian Mining Review. 12 January 2015.
  35. ^ "Turner & Townsend wins airport contract". constructionweekonline.com.
  36. ^ "Turner & Townsend Revitalizes Nissan North America's Brand Through Best Project Management Practices". pmi.org. Archived from the original on 25 April 2015.
  37. ^ "Home". www.turnerandtownsend.com. Retrieved 31 October 2017.
  38. ^ "Lenovo picks Turner & Townsend for high-rise R&D complex". theconstructionindex.co.uk.
  39. ^ "Turner & Townsend's special delivery". building.co.uk. 31 March 2000.
  40. ^ "Turner & Townsend appointed to run competition". The Windsor Link Railway.
  41. ^ THOMAS-ALEXANDER, TIYA (6 October 2021). "Turner & Townsend lands Lower Thames Crossing role". constructionnews.co.uk.
  42. ^ "Winners | APM Project Management Awards 2017". www.apm.org.uk. Retrieved 13 March 2018.
  43. ^ "2017 Winners » The Building Awards 2017". The Building Awards 201. Retrieved 13 March 2018.
  44. ^ "Building Award Winners: Chief executive of the year". Building. 11 April 2014.
  45. ^ "2014 Winners". The Building Awards 2015.
  46. ^ "2013 Winners". The Building Awards 2015.
  47. ^ "Queen's Awards recognise construction". theconstructionindex.co.uk. 22 April 2014.
  48. ^ "International Track 200 league table". fasttrack.co.uk. Archived from the original on 1 May 2015.
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