Share:

Cushman & Wakefield expands valuations practice

Wendy Yee • 04/09/2018

Cushman & Wakefield, a leading global real estate services firm, today announced the acquisition of Knight Frank’s Sydney valuations business, which comprises 24 valuation professionals. The team will join Cushman & Wakefield’s Australian Valuations platform, and be part of the company’s global Valuations network that has executed valuations for assets in excess of US$3.7 trillion last year. 

“I am delighted to welcome David Castles, Matthew Russell and the team to Cushman & Wakefield. Today’s announcement bolsters our position as a leading Valuations practice globally and highlights the power of our brand and culture to attract the best talent. With the combination of our 2,000+ global valuations professionals and this acquisition, Cushman & Wakefield is well placed to provide comprehensive solutions for clients in any market across the globe,” said Matthew Bouw, Chief Executive Officer, Asia Pacific at Cushman & Wakefield.

GI-453 

Effective today, David and Matthew will lead Cushman & Wakefield’s national Valuations practice across Australia. This highly respected team which sits on all four major Australian bank panels and has executed valuations for assets totalling more than US$65 billion in the last financial year, has deep and rich experience across a range of sectors including commercial, industrial, residential, banking, government, student accommodation and professional services.

Commenting on this acquisition, James Patterson, Cushman & Wakefield’s Chief Executive, Australia and New Zealand said: “This acquisition complements our local valuations platform and creates momentum for us in the valuations landscape nationally. It provides us with opportunities to accelerate the growth of the company’s broader commercial real estate business, which will in turn positively impact our clients and people. It also complements our occupier business, which is one of the strongest in the country.”

Newly appointed David Castles, Joint Head of National Valuations, Cushman & Wakefield, Australia said, “We saw an opportunity to leverage Cushman & Wakefield’s global brand, alongside a truly national platform to create additional value for our clients and career opportunities for our people.”

This acquisition, pending Foreign Investment Review Board (FIRB) approval, follows the recent acquisition of Capital Markets firm, Inc RE, in July 2018, bolstering Cushman & Wakefield’s transactional business in Australia and New Zealand.

RELATED STORIES

commonwealth-bank-of-australia-card-image
Commonwealth Bank of Australia • Banking & Finance services
Learn More
155-clarence-street-card-image
155 Clarence Street • Non-Profit
Learn More

RELATED INSIGHTS

generic-building
Research • Valuations

Case Notes: Croghan v Blacktown City Council, January 2019

Cushman & Wakefield Valuations have a dedicated government, legal & corporate team specialising in compulsary acquisition, S88K easement acquisition and general real property litigation matters. We are pleased to continue our ongoing series of valuation case notes with our summary of the recent decision of the NSW Land & Environment Court in Croghan v Blacktown City Council
Nicholas Garnsey • 02/04/2019
generic-building
Research • Valuations

Valuations St Leonards & Crows Nest Precinct Plan 2036

The St Leonards and Crows Nest Draft Precint Plans are currently being exhibited through to 3 December 2018 allowing for stakeholder and community feedback.
Andrew Berwick • 03/12/2018
generic-building
Research • Valuations

Case Notes: Roads and Maritime Services v United Petroleum

Cushman & Wakefield Valuations have a dedicated Government, Legal & Corporate team specialising in compulsory acquisition, S88K easement acquisition and general real property litigation matters. We are pleased to continue our ongoing series of valuation case notes with our summary of the recent decision of the NSW Land & Environment Court in Roads and Maritime Services v United Petroleum Pty Ltd.
Nicholas Garnsey • 06/08/2019

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.