Share:

Cushman & Wakefield Acquires Australian Trade Services Business

3/6/2019

Smith Brothers Group will expand the firm’s facilities services in Australia

SYDNEY- Cushman & Wakefield (NYSE: CWK) today announced the acquisition of one of South Australia’s largest trade services businesses, Smith Brothers Group (Smith Brothers), comprising 200 people, enhancing the company’s facilities services across Australia and New Zealand. The team will join Cushman & Wakefield’s Australian occupier services business and be part of the company’s Global Occupier Services platform. Globally, Cushman & Wakefield currently manages 3.6B SF across core services of property, facilities and project management.

The acquisition of Smith Brothers, one of the largest private services groups in South Australia with a national portfolio of 6,000 customers complements Cushman & Wakefield’s existing national team of more than 1,800 property professionals, supporting one of Australia’s largest occupier portfolios with more than 9 million sqm under management. As part of the acquisition, Smith Brothers founder, Chris Smith, will lead Cushman & Wakefield’s trade services business in Australia and New Zealand.

Matthew Bouw, Chief Executive Officer, Asia Pacific, Cushman & Wakefield, said: “I am thrilled to welcome Chris Smith and the team to Cushman & Wakefield. This acquisition combined with our 27,000+ facilities management associates globally, advances our ability to deliver the highest quality, globally integrated services to major occupier clients in any market across the world.”

James Patterson, Chief Executive, Australia and New Zealand, Cushman & Wakefield, commented: “This acquisition not only expands occupier services with an additional 200 staff in South Australia, it also adds to the current depth of experience and capability in education, government and health.

“In addition, Smith Brothers Group’s innovative use of technology will complement Cushman & Wakefield’s global technology platform, to build a more robust, truly integrated, end-to-end property service for our current and future clients,” Mr. Patterson said.

Chris Smith, Smith Brothers founder and newly appointed Head of Trade Services, Cushman & Wakefield, said: “We see tremendous value for Smith Brothers clients and staff in joining Cushman & Wakefield. The two companies present a great cultural fit, leveraging the innovative and agile operating model of Smiths Brothers to expand Cushman & Wakefield’s trades business across Australia and New Zealand and to better serve our clients.

“Improvement in technology is continually enabling new ways of working in trade and facilities services and this will further transform the industry in 2019. The combined business now has an enhanced capability to deploy the latest technology and data-backed reporting methods to support the direct and outsourced delivery of trade services, and this will set Cushman & Wakefield apart,” Mr. Smith said.

About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 51,000 employees in approximately 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake External Linkon Twitter.

RELATED STORIES

uniliver
Unilever Philippines Inc. • FMCG
Learn More
Galerie Butovice, shopping centre, exterior
Cromwell Property Group
Learn More

RELATED INSIGHTS

North American Mid-Year Ports Update Card Image
Research • Industrial

North American Mid-Year Ports Report

The first half of 2020 saw unprecedented swings in the U.S. and global economies, with trade and port activity being directly affected. The good news, as of this writing, is that many U.S. states and countries around the world are cautiously reopening.
Carolyn Salzer • 9/24/2020
Ugly Sweater - A Supply Chain Journey
Research • Retail

Ugly Sweater: A Supply Chain Journey

Where do ugly sweaters come from? How are they delivered to your doorstep?
Benjamin Conwell
Stock Market
Research • Forecast - Outlook

March 2019 U.S. Macro Forecast

The U.S. Macro Forecast report includes forecasts for the economy, labor markets, construction and their effects on the office and industrial property markets.
Rebecca Rockey • 3/13/2019

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.