Merger of Cushman and DTZ is perfect
The merger of real estate consultants Cushman & Wakefield and DTZ was completed on September 1. The merged company will operate under the Cushman & Wakefield brand. With a turnover of five billion US dollars, 43,000 employees, 399.5 million square meters of space under management and a transaction volume of 191 billion US dollars, it is one of the largest commercial real estate consultancies in the world.
The company, which now has a presence in more than 60 countries, is headed by Brett White, chairman and CEO, and Tod Lickerman, president. Cushman & Wakefield is owned by a group of investors including TPG, PAG and OTPP.
The company also unveiled the leadership team for Europe, Middle East and Africa (EMEA). The EMEA business will be led by John Forrester, CEO, and Carlo Barel di Sant'Albano, chairman. In EMEA, the new Cushman & Wakefield team has 5,000 employees in 40 countries and revenues of nearly $800 million.
In Switzerland, Cushman is represented by its cooperation partner SPG Intercity with offices in Zurich, Geneva, Lausanne and Basel. New additions to the network are now the former DTZ offices in Geneva and Zurich.
With the merger, Cushman & Wakefield has also given itself a new visual identity, including a new logo, as one here can see in a short company video on Youtube. (ah)
