Cushman & Wakefield and DTZ have announced the successful completion of a merger that creates one of the largest commercial real estate services firms in the world.
On Wednesday, the company also unveiled a refreshed logo as part of its new visual identity.
The new Cushman & Wakefield will have a combined revenue of US$5 billion, 43,000 employees, more than 4.3 billion sq ft under management, and US$191 billion in transaction value.
In Asia Pacific, the firm has over 7,000 staff operating in 21 offices across 11 countries, including Singapore, Australia, India, Japan and New Zealand.
“This is a game-changing event in commercial real estate,” said Chairman and CEO Brett White.
“Both legacy firms had been aggressively growing their respective platforms and deepening their reach into the market with new acquisitions and talent. Now we have the opportunity to see these ambitions come together – capturing the momentum in the market and clearly claiming our position at the top of the industry,” he added.
Cushman & Wakefield is owned by an investor group comprising TPG, PAG and OTPP.
Romesh Navaratnarajah, Singapore Editor at PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg
