The merger between Cushman & Wakefield and DTZ has been completed in a move designed to create one of the key players on the global property advisory market, with 370 million sqm of space under management and transactions worth $19bn. Total annual income generated by the companies amounts to $5bn. Headed by Brett White and Tod Lickerman, the companies will operate as Cushman & Wakefield.
Jonathan Hallett will lead C&W’s CEE operations, while Charles Taylor will be in charge of the company’s Polish division. John Forrester, the company’s general director, and Carlo Barel di Sant’Albano, a board member, will oversee EMEA operations, which covers 40 markets and 5,000 employees. The company is one of the top three property advisory agencies within Europe and represents more than 82 percent of the world’s 50 biggest investors.
