Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

Cushman & Wakefield Acquires Knight Frank’s Sydney Valuations Practice

gbafNews28

Cushman & Wakefield, a leading global real estate services firm, recently announced the acquisition of Knight Franks Sydney Valuations business, which comprises 24 valuation professionals. The team joins Cushman & Wakefields Australian Valuations platform as part of the companys global Valuations network that has executed valuations for assets in excess of US$3.7 trillion last year.

I am delighted to welcome David Castles, Matthew Russell and the team to Cushman & Wakefield. Todays announcement bolsters our position as a leading Valuations practice globally and highlights the power of our brand and culture to attract the best talent. With the combination of our 2,000+ global valuations professionals and this acquisition, Cushman & Wakefield is well placed to provide comprehensive solutions for clients in any market across the globe, said Matthew Bouw, Chief Executive Officer, Asia Pacific at Cushman & Wakefield.

Castles and Russell now lead Cushman & Wakefields national Valuations practice across Australia. This highly-respected team, which sits on all four major Australian bank panels and has executed valuations for assets totaling more than US$65 billion in the last financial year, has deep and rich experience across a range of sectors including commercial, industrial, residential, banking, government, student accommodation and professional services.

Commenting on this acquisition, James Patterson, Cushman & Wakefields Chief Executive, Australia and New Zealand said: This acquisition complements our local Valuations platform and creates momentum for us in the Valuations landscape nationally. It provides us with opportunities to accelerate the growth of the companys broader commercial real estate business, which will in turn positively impact our clients and people. It also complements our occupier business, which is one of the strongest in the country.

Castles, newly appointed Joint Head of National Valuations, Cushman & Wakefield, Australia said, We saw an opportunity to leverage Cushman & Wakefields global brand, alongside a truly national platform to create additional value for our clients and career opportunities for our people.

This acquisition, pending Foreign Investment Review Board (FIRB) approval, follows the recent acquisition of Capital Markets firm Inc RE in July 2018, bolstering Cushman & Wakefields transactional business in Australia and New Zealand.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Source: Cushman & Wakefield

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.