The worldwide merger between Cushman & Wakefield and DTZ has been completed successfully and the new company, known as Cushman & Wakefield, is one the world's three largest real estate giants.
Top three worldwide
With offices in more than 60 countries, a 5 billion dollar turnover, 43,000 employees, some 400 million sqm in real estate and 191 billion dollars in transaction value, the merger company will become one of the world's largest commercial real estate companies, alongside JLL and CBRE. CEO Brett White and president Tod Lickerman will take charge of the new Cushman & Wakefield.
"This is a game-changing event in commercial real estate", John Forrester said, who will become CEO of the EMEA region. "This merger has helped speed up our collective goal of reaching a larger scale and providing a worldwide better customer service, something we could not have done alone. Thanks to the expanded reach, we can offer a wider range of solutions for our commercial real estate."
The new Cushman & Wakefield now has 5,000 employees in Europe, the Middle East and Africa, with a turnover of nearly 800 million dollars. Justin Taylor will take charge of the retail business in the EMEA region.
Koen Nevens, Cushman & Wakefield Belgium and Luxembourg's managing partner, will keep his position as the head of the local operations and will also become CEO of the Northern Europe Region, which adds Germany, Scandinavia and the Netherlands to his portfolio. Jeroen Lokerse will head the Dutch office.