Cushman & Wakefield/DTZ merger closes
Published: 02 September, 2015
The new Cushman & Wakefield - formed by the merger between Cushman & Wakefield and DTZ - has announced its leadership team for EMEA and unveiled a new visual identity and logo
The combined firm, carrying the Cushman & Wakefield brand, becomes one of the largest commercial real estate services firms in the world with $5bn in revenue, 43,000 employees and more than 4.3 billion sq ft under management.
In EMEA, the new Cushman & Wakefield has 5,000 employees in 40 countries and revenues of almost $800m. It is now a top three commercial property firm in every major European metropolitan economy, a leader in capital markets, occupier services and all major commercial real estate sectors.
The EMEA business is being led by chief executive John Forrester and chairman Carlo Barel di Sant’Albano. Colin Wilson becomes head of the UK & Ireland region with Digby Flower as chair of the region. Michael Hatt becomes head of EMEA property management while Justin Taylor becomes chair of EMEA retail. Head of EMEA capital markets is Jan-Willem Bastijn and head of EMEA global occupier services is James Maddock.
“Our merger has tremendously accelerated our collective goal of increased scale and client service worldwide, something we could not have accomplished alone,” said Forrester. “This increased scope allows us to deliver a broader spectrum of commercial real estate solutions. We have a leading position in all the foundation cities around the world and can provide services in every major global market.”