Share:

Cushman & Wakefield successfully completes integration of planning office “acht+”

25/05/2021

International real estate consultancy firm Cushman & Wakefield (C&W) has successfully completed the integration of the Berlin planning office "acht+". The company now operates under the name Cushman & Wakefield acht+ GmbH. C&W is planning additional company acquisitions to further strengthen its market position. 

C&W acquired the planning office "acht+" at the beginning of last year. The current renaming completes the acquisition in terms of brand identity. Frank D. Masuhr, Head of Project & Development Services at Cushman & Wakefield for the DACH region, is satisfied: "The added value for our clients is immediately noticeable and is expressed in new, larger volume mandates. This makes Project & Development Services one of Cushman & Wakefield’s strongest areas in terms of staff and turnover in Germany." Since 2016, turnover in this area has increased almost tenfold.

Newly-won projects include the refurbishment of a Weimar shopping centre for asset manager Verifort Capital, where C&W is now acting as both project manager and project controller. C&W is also responsible, following a successful letting, for the project management, interior design and the turnkey fit-out of the new capital city office of e-commerce provider Shopify - also with the extended service spectrum.
The Technical Due Diligence department also benefitted from the acquisition and won new mandates for the assessment of extensive portfolio and individual transactions. In terms of personnel, the department was significantly strengthened anew by the integration of the more than 50 employees of "acht+". Overall, the Project & Development Services team has grown almost fivefold since 2016, to its current over 110 employees.                                                                                             

“Even during the pandemic, we are making significant gains in Project & Development Services. Our spectrum now offers our clients all essential services in the field of consulting, planning and construction. In addition to turnkey fit-out and Workplace Strategy Consulting, the integration of ‘acht+’ was another piece of the puzzle for fully comprehensive Project & Development Services. This means that we are well-positioned throughout Germany. We plan to continue to grow in this area in the coming years, to gain new market share and also to consider further acquisitions," explains Yvo Postleb, Head of Germany at Cushman & Wakefield.

 

 

MEDIA CONTACT

verena bauer
Verena Bauer

Head of Marketing & Communications Germany • 60313 Frankfurt am Main

RECENT NEWS

Residential market investor survey
Investors seek residential investments in top-7 and B-cities

With a transaction volume of around €19.7 billion in 2020, German institutional residential real estate investment is increasingly establishing itself as the country’s most favoured real estate investment category. 

Verena Bauer • 29/07/2021

Cushman Wakefield vermietet an Münchner Volkshochschule
C&W lets 3,300 sq m to Munich Volkshochschule

The Munich office leasing team of C&W has let 3,300 square to the Munich Adult Education Centre (MVHS).

Verena Bauer • 20/07/2021

Hotel Investment Germany
Almost 70% of investors’ intention to buy hotels in Europe

More than a third of investors intend to buy more hotels across Europe, according to one of the findings of a C&W survey of more than 50 senior representatives of major private equity firms.

Verena Bauer • 15/07/2021

INSIGHTS

Residential Market Investor Survey
Insights • Residential

Residential real estate investor survey 2021

Residential real estate in Germany is in demand as never before – so it is hardly surprising that investment in this asset class proved resilient during the Covid-19 pandemic and is considered stable and secure.
Verena Bauer • 29/07/2021
Marketbeat Germany
Insights • Economy

Germany Real Estate Market View

A regular update on the commercial real estate market in Germany.
Helge Zahrnt • 27/07/2021
Residential market Hamburg 2021
Insights • Residential

Hamburg Residential Market 2021

As a gateway to the world and a city on the water, Hamburg combines an urban lifestyle along with plenty of nature. In times of change, the northern metropolis on the banks of the Elbe is also reinventing itself, but never forgetting its roots as a traditional port and merchant city. 
Verena Bauer • 18/06/2021

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.