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.
