Formalises working relationship which first began in 1993
Cushman & Wakefield, a leading global real estate services firm, has entered into an exclusive affiliate arrangement with SPG Intercity in Switzerland.
SPG Intercity is the country’s leading commercial real estate provider with around 40 employees based in four Swiss cities – Zurich, Geneva, Basel and Lausanne – and fully accredited by RICS across the entire country. The exclusive affiliation will offer a comprehensive range of real estate services and formalises a working relationship that first began in 1993 with Societé Privée de Gérance (SPG) and Intercity Group. The relationship was strengthened further when SPG Intercity was formed by joint venture in 2001 and the subsequent global merger between Cushman & Wakefield and DTZ in 2015.
The partnership brings together Cushman & Wakefield’s global platform and SPG Intercity’s deep expertise across Switzerland’s commercial property market. Well-known SPG Intercity clients include SBB Immobilien, Mobimo Holding AG and Crédit Suisse AG Real Estate Investment Management.
John Forrester, Chief Executive EMEA, Cushman & Wakefield, said: “We have enjoyed a very successful relationship with the team at SPG Intercity which has grown closer over nearly a quarter of a century of working together. This is another step forwards as we pursue further growth together. We have been clear in our intentions to continue strengthening our capabilities across EMEA to ensure we have the best people and platform to deliver outstanding results for our clients.”
Robert Hauri, co-owner and CEO of SPG Intercity Zurich AG, said: “We are very excited about the future. Clients of both firms will benefit from this closer bond which builds on a long track record of joint successes. We remain fully focused on providing clients with value-adding local expertise which has enabled SPG Intercity to assume the leading position in both French and German speaking regions of Switzerland.”
Grégory Grobon, CEO of SPG Intercity Geneva SA, said: “This enhanced partnership allows SPG Intercity and Cushman & Wakefield to consolidate their leading position in the Swiss market.”
In addition to Cushman & Wakefield’s 5,000 people in 40 countries in EMEA, the firm’s strong relationships across the region with affiliates extends delivery into markets where Cushman & Wakefield does not currently have a wholly-owned presence.
This is the fifth exclusive affiliate arrangement Cushman & Wakefield has announced within the EMEA region in the last five months. In August it agreed an exclusive affiliation with Excellerate Property Services in sub-Saharan Africa, named Cushman & Wakefield Excellerate. Its long standing partner in Ireland, DTZ Sherry FitzGerald, was also confirmed as its Irish affiliate and rebranded to Cushman & Wakefield in September. The most recent additions were Greece (Cushman & Wakefield Proprius) and Israel (Cushman & Wakefield Inter Israel), both in October.