Turner & Townsend, the global professional services business, and alinea, the London-based cost consultancy, have reached an agreement to join forces, establishing a unique and disruptive force in the capital’s real estate cost management market.
Under the terms of the agreement, alinea’s team of technical experts has merged with Turner & Townsend UK’s London cost management team effective. The combined team will operate in the London real estate cost management market as Turner & Townsend alinea and will be led by Iain Parker. It forms part of Turner & Townsend’s 4,000 strong UK team, which delivers major programmes, programme management, cost and commercial management, net zero and digital solutions for clients across real estate, infrastructure and natural resources.
The joint team creates a unique cost management offering in the London market, matching the depth of alinea’s expert capabilities in the investor developer and tall buildings sectors with Turner & Townsend’s wider breadth of services and global reach. This is reinforced by a shared and unrivalled track record in the delivery of major real estate projects across the capital, including Battersea Power Station, Chelsea Barracks, the Shard, 22 Bishopsgate, One Bishopsgate Plaza and Brent Cross Regeneration.
Together, Turner & Townsend alinea aims to become the leading data-led digital cost consultancy in London and an authority on the economics of sustainability. With alinea’s distinctive approach and Turner & Townsend’s leading digital platform and wider service offering – from project management to advising clients on net zero strategies through 118 offices in 50 countries – it will have the capability and capacity to cover every aspect of project delivery.
Through further investment in specialist capabilities, Turner & Townsend alinea will deepen its combined expertise and relationships across the investor and developer sectors in key markets such as commercial, residential and mixed-use, as well as end-users in life sciences.
Advising clients at an early stage in the project lifecycle is a key driver behind Turner & Townsend’s strategic partnership with CBRE, which was established in November 2021 with the aim of creating the premier global provider of programme, project and cost management. The coming together of Turner & Townsend and alinea builds on this strategy.
Commenting on the acquisition, Turner & Townsend’s UK Managing Director, Patricia Moore, said: “Turner & Townsend and alinea have a shared ambition to transform performance in the construction sector through data-led digital cost consultancy, working with some of the biggest and best clients to deliver the most complex projects in London and beyond.
“With such a strong strategic and cultural fit between our two companies, we are primed to establish a new disruptive force in cost management. As Turner & Townsend alinea we will be working with our clients in the capital, from the earliest possible stage in the project lifecycle, to deliver even greater social, environmental, and economic impact.”
Iain Parker, Turner & Townsend alinea Lead, said: “When we founded alinea 10 years ago we said that we wanted to raise the standard of cost consultancy and disrupt the market through a strong focus and personal service. That rings truer than ever today as we embark on a new era with Turner & Townsend. Our London businesses are a compelling strategic fit, with a shared focus and commitment to investing in our people and our service offering.”
“The complementary skills of our impressive joint talent pool, coupled with the collective data and digital platforms that will further enhance our offer, will enable us to concentrate on delivering excellence for our clients and their projects. As Turner & Townsend alinea we are taking our service to the next level to establish ourselves as London’s cost consultancy of choice.”