Global realtors merge
DTZ's four New Zealand offices have become part of Cushman & Wakefield after a worldwide merger.
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DTZ's four New Zealand offices have become part of US-owned Cushman & Wakefield after a worldwide merger.
The new Cushman & Wakefield, one of the world’s largest commercial real estate services firms, will have a combined total of $5 billion in revenue, 43,000 employees, more than 3.9 billion square metres under management, and $191 billion in transaction value.
In New Zealand the company has four offices in Auckland, Hamilton, Wellington and Christchurch employing 260 staff. Its services include property, facilities and project management and valuation. Staff manage about 3000 buildings across the country and clients include NZ Post, Auckland Council, Westpac, Victoria and Auckland universities, Progressive Enterprises and Auckland Airport.
Across Asia Pacific, the company now has more than 7000 people operating in 21 offices, across 11 countries.
Cushman & Wakefield is owned by an investor group comprising US-based TPG, a private global investment firm; PAG, one of the largest Asian-based alternative investment fund managers with $US12 billion under management and Ontario Teachers’ Pension Plan, with $C154.5 billion in net assets.
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Sally Lindsay
Fri, 18 Sep 2015
Fri, 18 Sep 2015
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Global realtors merge
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