Cushman & Wakefield

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Cushman & Wakefield, Inc. is a privately held commercial real estate services firm headquartered at 1290 Avenue of the Americas in New York City. The firm owns approximately 250 offices in 60 countries and has over 16,000 employees. [1]

The firm's global services include leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting, valuation, appraisal and property tax services. It is a member of REBNY.[2]

History[edit]

Cushman & Wakefield was founded in New York on October 31, 1917 by John Clydesdale Cushman and Bernard Wakefield. In 2007, the IFIL Group (now Exor), the investment arm of the Agnelli family, invested in Cushman & Wakefield, replacing the Rockefeller Group as majority shareholder of the firm. [3] That stake is currently 80.91 percent.[4]

On December 16, 2013, Ed Forst was appointed President and CEO of the company.[5] John Elkann is chairman of the board.[6]

On February 24, 2015, it was confirmed that Exor SpA has approved management's hiring of Goldman Sachs Group Inc. and Morgan Stanley to help look for a buyer for Cushman.[7]

On May 11, 2015, DTZ, a commercial-real-estate-services firm backed by private-equity giant TPG, has agreed to buy Cushman & Wakefield Inc. for $2 billion.[8]

References[edit]

  1. ^ "Company History - Cushman & Wakefield". Cushmanwakefield.com. 1917-10-31. Retrieved 2015-04-23. 
  2. ^ http://www.rebny.com/content/rebny/en/directory/member-firms.html
  3. ^ "Agnellis Buy Control Of Cushman & Wakefield". Forbes.com. Retrieved 2015-04-23. 
  4. ^ "Exor S.p.A. - Investments". Exor.com. 2014-03-20. Retrieved 2015-04-23. 
  5. ^ Grant, Peter (2013-12-16). "Cushman & Wakefield Names Edward Forst Chief Executive - WSJ". Online.wsj.com. Retrieved 2015-04-23. 
  6. ^ Grant, Peter (2014-04-15). "Cushman & Wakefield Names John Elkann as Chairman". WSJ.com. Retrieved 2015-04-23. 
  7. ^ Grant, Peter (2015-02-24). "Cushman & Wakefield Going Up for Sale". WSJ.com. Retrieved 2015-04-23. 
  8. ^ Grant, Peter (2015-05-11). "TPG-Backed DTZ to Acquire Cushman & Wakefield". WSJ.com. Retrieved 2015-05-11. 

External links[edit]