DTZ acquires Cushman & Wakefield

DTZ acquires Cushman & Wakefield

The Italian Agnelli family, who also owns car manufacturer Fiat Chrysler, has sold real estate company Cushman & Wakefield to its competitor DTZ for two billion dollars (1.8 billion euro).

250 offices

Cushman & Wakefield, founded in 1917 in New York, currently has 250 offices in 60 countries and employs 16,000 people. It gained a foothold in Europe when it acquired British real estate broker Healey & Baker. In 2007, the Agnelli family took control through its investment firm Exor. Prior to that, the Rockefeller Group used to be a long-time majority shareholder.

 

Exor has now sold its 75 % stake to its competitor DTZ, a Chicago-based company which offers several real estate services. DTZ currently employs 28,000 people in 260 offices in 50 countries. Venture capitalist group TPG Capital took control of DTZ last year.

Questions or comments? Please feel free to contact the editors


Unibail-Rodamco acquires competitor Westfield

12/12/2017

Unibail-Rodamco acquired its competitor Westfield for 14 billion euro and will gain control over 35 shopping center (33 in the United States). The resulting company will become the world’s largest real estate company.  

Mitiska REIM announces two new retail parks in Romania

29/11/2017

Mitiska REIM has announced the opening of two new retail parks in Romania. The new additions consolidate Mitiska REIM’s position as the leading retail park investor in Romania, with 21 sites across the country.

Mitiska Reim buys its first French retail park

06/11/2017

Belgian real estate firm Mitiska Reim will enter the French retail market with its recent acquisition of a retail park near Caen. It has been an eventful year so far, with acquisitions in Germany, Romania and Spain as well. 

Delhaize is highlight of new shopping center in Luxembourg

07/09/2017

Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.

Mitiska Reim acquires its first German retail park

06/09/2017

Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.

European retail rental prices continue to soar

20/07/2017

A recent study from research firm CBRE shows that rental prices for Europe’s most expensive retail locations are still on the rise. It is the only region that still experiences growth for retail real estate.

Back to top