Cushman & Wakefield is buying out RH International's 50% stake in the joint venture companies they formed together in January 2006. Cushman & Wakefield is acquiring C&W Residential and C&W Hotels for an undisclosed amount. 'This acquisition is aligned with C&W's aim to build a dominant presence in these sectors across EMEA,' C&W said in a statement. The C&W Residential and C&W Hotel teams, which together have a total of 48 staff across EMEA, will now become fully-owned and fully-integrated operating divisions of Cushman & Wakefield.

Cushman & Wakefield is buying out RH International's 50% stake in the joint venture companies they formed together in January 2006. Cushman & Wakefield is acquiring C&W Residential and C&W Hotels for an undisclosed amount. 'This acquisition is aligned with C&W's aim to build a dominant presence in these sectors across EMEA,' C&W said in a statement. The C&W Residential and C&W Hotel teams, which together have a total of 48 staff across EMEA, will now become fully-owned and fully-integrated operating divisions of Cushman & Wakefield.

C&W Residential has 30 dedicated residential professionals handling consultancy and transactional assignments specialising in large-scale mixed-use schemes across EMEA and as far as New Zealand, Brazil and Macau. The team is currently involved in some EUR 3 bn residential property transactions. Recent landmark transactions include funding deals such as Project Modernist in Turkey, worth $275 mln.

C&W Hotels has a dedicated team of 18 staff operating out of London, Madrid, Lisbon and Prague and between them have experience of transactions and projects in 53 countries. Recent landmark instructions include operator selection mandates on the island of Sao Vicente, Cape Verde; valuation advice to Lydian Capital Partners for their circa EUR 1 bn Jurys Inn portfolio bid in June; and as retained agent and advisor within the M25 to Whitbread's Premier Inn hotel chain.

Paul Bacon, ceo of Cushman & Wakefield EMEA said; 'Both the residential and hotel sectors are strategically important areas for the firm and we intend to become a leading player in these markets in the next five years. This acquisition reflects our commitment to further develop these businesses and to invest in the necessary people and resources required to ensure we provide the best services available in these sectors.'