CHICAGO and NEW YORK, May 11, 2015 – Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The new company, which will operate under the Cushman & Wakefield brand, will have revenues over $5.5 billion, over 43,000 employees and will manage more than 4 billion square feet globally on behalf of institutional, corporate and private clients.
CBRE has been recognised at the Central & Eastern European Real Estate Quality Awards (CEEQA) as Office Agent, Investment Agent and Property Management Company of the Year.
CBRE Group, Inc. (NYSE:CBG) today announced that it has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls, Inc. (NYSE:JCI). GWS is a market-leading provider of Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant operations around the world.
The Hungarian office of Colliers International announced that Ferenc Trexler joined the Office Agency Team as Associate Director, Head of Landlord Representation from March 2015. With over 13 years of experience in the Budapest real estate market, Ferenc has an impressive career and history in the industry.
Asian investors deployed a total of US$40 billion into international commercial real estate in 2014, a rise of 23% year on year (2013: US$32.5 billion), according to the latest research from global real estate advisor CBRE.
London’s West End is the world’s most expensive office market for the third consecutive year, retaining its title ahead of runner-up Hong Kong, according to research published today in Cushman & Wakefield’s annual Office Space Across the World global ranking.
CBRE advised Union Investment Real Estate GmbH on the acquisition of a majority shareholding stake of the most prestigious asset in the Czech market, Palladium, from a company managed by the German investment manager Hannover Leasing, Pullach. The transaction is the largest property deal ever recorded in the Czech Republic.
CBRE Group, Inc. (NYSE:CBG) today announced that The Lipsey Company has named CBRE the top global brand in commercial real estate for the 14th consecutive year. Lipsey, a training and professional development firm specializing in commercial real estate, has surveyed commercial real estate professionals on their perceptions of the industry’s leading brands since 2001.
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