Cushman & Wakefield and DTZ global merger closes

Carlo Barel di Sant’Albano, Chairman (left) and John Forrester, Chief Executive Officer (right).

The new Cushman & Wakefield has announced the successful completion of the global merger between Cushman & Wakefield and DTZ. The firm has also announced its leadership team for Europe, the Middle East and Africa (EMEA) and unveiled a new visual identity and logo.

The combined firm, carrying the iconic Cushman & Wakefield brand, becomes one of the largest commercial real estate services firms in the world. The new firm draws on the best of both legacy organisations, with $5 billion in revenue, 43,000 employees and more than 4.3 billion square feet under management, and $191 billion in transaction value.

The EMEA business is being led by John Forrester, Chief Executive Officer, and Carlo Barel di Sant’Albano, Chairman.

“Today is an historic moment for global real estate,” said Mr Forrester. “Our merger has tremendously accelerated our collective goal of increased scale and client service worldwide, something we could not have accomplished alone.  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.”

In EMEA, the new Cushman & Wakefield has 5,000 employees in 40 countries and revenues of almost $800 million. 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. Its clients include nine of the top 20 Forbes global brands and 82% of the top 50 cross-border investors.

The combined firm, led globally by Chairman and Chief Executive Officer Brett White and President Tod Lickerman, now operates in more than 60 countries around the world and is well positioned in every major market for continued growth.

“In the UK we are excited to bring these two great firms together and build on our past successes,” said Colin Wilson, Head of the UK & Ireland. “Our two firms complement each other across the region, creating new opportunities that ultimately benefit our clients with a stronger platform and deeper market knowledge.”

New EMEA leadership team

Cushman & Wakefield has announced its EMEA leadership team. The firm has built a team that will provide the practical experience, management skill, business acumen and client service expertise necessary to bring an aggressive growth strategy to life.

Carlo Barel di Sant’Albano said: “We have built our new operating model in EMEA to mobilise around our clients to ensure that we can identify and address the constant stream of challenges that they face daily, head on. Every one of our formidable EMEA leadership team is a market leader in their field.

“The diversity, experience and strength of talent at the new Cushman & Wakefield is the envy of the industry.  Real estate is a people business at its core — and we have the best people in the business. This is one of our key differentiators which will make an immediate and positive impact with clients.”

European leadership team
Chief Executive, EMEA Division: John Forrester
Chairman, EMEA Division: Carlo Barel di Sant’Albano

Region heads
Head of Central & Eastern Europe Region: Jonathan Hallett
Head of Northern Europe Region: Koen Nevens
Head of Southern Europe Region: Joachim Sandberg
Head of UK & Ireland Region: Colin Wilson
Chair of UK & Ireland Region: Digby Flower

Country heads
Head of Belgium: Koen Nevens
Head of Czech Republic: Jonathan Hallett
Head of France: Antoine Derville
Chair of France: Olivier Gerard
Head of Germany: Frank Nickel
Head of Hungary: Gergely Pados
Head of Italy: Joachim Sandberg
Head of Luxembourg: Koen Nevens
Head of Netherlands: Jeroen Lokerse
Head of Poland: Charles Taylor
Chair of Poland: Alan Colquhoun
Head of Portugal: Eric van Leuven
Head of Russia: Sergey Riabokobylko
Head of Slovakia: Cristina Dumitrache
Head of Spain: Oriol Barrachina
Head of Sweden: Agneta Jacobsson
Co-heads of Turkey: Togrul Gonden and Tugra Gonden

Sector heads
Head of EMEA Capital Markets: Jan-Willem Bastijn
Head of EMEA Global Occupier Services: James Maddock
Head of EMEA Property Management: Michael Hatt
Chair, EMEA Retail: Justin Taylor
Chair, EMEA Project Management and Building Services: Philip Nye
Co-chair, EMEA Logistics: Robert Hall
Co-chair, EMEA Logistics: Mark Webster
Co-chair, EMEA Valuation & Advisory: Rupert Dodson
Co-chair, EMEA Valuation & Advisory: Bryn Williams