Turner & Townsend doubles UK revenue
The Leeds-based consultancy’s global turnover has reached £5.76bn, with UK turnover reaching £752.6m following an increase in business in the defence, nuclear, healthcare, and water industries.
Turner & Townsend’s annual review for 2025 reported growth across all its core segments and key international markets.
In terms of UK highlights, total net revenue grew by 106.2% and follows the integration of T&T into CBRE’s project management business.
In terms of sector highlights, T&T saw strong growth in high-demand areas including data centres, urban development, transportation, energy generation, and transmission.
The 2025 financial performance reflects growth across the business’s three core sectors:
- Real estate: there was strong growth, particularly across urban development, sports and venues, industrial, and life sciences. Construction Management solutions for major data centre clients are driving performance standards across critical projects that are increasingly growing in size and complexity. Globally, across real estate major projects, Turner & Townsend is working across a portfolio of nearly £3tn of capital investment. Key wins include the UK’s New Hospital Programme and Barclays’ headquarters building in New York, alongside the successful renewal of global portfolios with clients such as Google and Shell Real Estate.
- Infrastructure: Aviation, defence, and water were strong growth drivers, supported by landmark programmes, including Heathrow Airport’s expansion, Anglian Water’s long‑term capital investment programme, and the Clyde 2070 defence programme in the UK. Expansion across Asia‑Pacific saw new airport programmes in Vietnam, Bangalore and Perth alongside significant aviation wins in the US.
- Energy and natural resources: showed strong momentum across the United States, Europe, Asia and the UK. The appointment as a critical partner on Rolls Royce’s nuclear programme highlights the firm’s nuclear capability, which now spans six continents.
Vincent Clancy, chairman and chief executive, Turner & Townsend, said: “Our financial performance is testament to the quality of our people and the trust our clients place in us to manage major projects and portfolios, which are helping drive economies and make a positive impact on the lives of people all over the world.
“Looking ahead, our ambition is significant and our priorities are clear. We have built an unparalleled competitive platform from which to build our next phase of growth.
“We are a people-first business, investing in our talent and AI and technology, to ensure we deliver an unrivalled service above and beyond the capabilities of our competitors, while deepening our relationships with our clients.
“We are pioneering a paradigm shift across our industry to set new standards in programme management centred on performance. In a world where uncertainty is the new certainty, navigating the global unrest, economic challenges, market volatility,and digital revolution requires unprecedented expertise, global strength, and local knowledge to execute the delivery of complex, large-scale projects.
“Our partnership with CBRE further strengthens our ability to deploy solutions to our clients. By combining our capabilities, we are creating greater value for our clients through the entire asset lifecycle – connecting strategy, investment, development, delivery and operational management in ways that no other programme manager can.
Patricia Moore, managing director EMEA, Turner & Townsend said: “2025 was a year where our investment strategy translated clearly into performance. We have created greater scale in the UK, but more importantly, we have built a more connected business, with a wider breadth of capabilities to support our clients.
“The backdrop remains complex, but the fundamentals are clear. The UK needs sustained investment across infrastructure, energy and the built environment. That demand isn’t going away and is becoming more urgent.
“What clients need from us is also changing. They are looking for strategic advice, delivery certainty and partners who can offer differentiated and integrated solutions across the whole lifecycle of an asset, not just individual stages. That’s where our model is strong.
“Our focus now is on continuing to invest in our people, in our capability and in how we deliver, so that we stay ahead of that demand.”
