CB Richard Ellis has today confirmed the takeover of Birmingham and Leeds based agent GSD.

As revealed by Property Week (21/12/07) it has bought the 40-strong firm formerly known as Grenville Smith & Duncan and its chairman Adrian McStay will become chairman of CBRE’s commercial markets for the Midlands and North regions of the UK.

GSD will this week convert to the CBRE name.

GSD was founded in 1991 and works across agency, investment, management and building services.

Adrian McStay, chairman of GSD, said: ‘After considering a number of alternative directions for our business, we saw a future with CB Richard Ellis as clearly the best pathway for GSD because of its global platform, leading market position in the UK, and the compatibility between our firms in terms of excellence in client service and staff opportunities. We’re extremely excited about what lies ahead.’