Real estate services firm Cushman & Wakefield said it has acquired its long-term Australian affiliate Laing+Simmons Commercial. Deal terms were not disclosed. Sydney-based Laing+Simmons will immediately begin operations as Cushman &Wakefield.
Real estate services firm Cushman & Wakefield said it has acquired its long-term Australian affiliate Laing+Simmons Commercial. Deal terms were not disclosed. Sydney-based Laing+Simmons will immediately begin operations as Cushman &Wakefield.
The acquisition fits with Cushman & Wakefield’s continued expansion in the Asia/Pacific region and to a particular commitment to the Australian marketplace. Michael Thompson, CEO of Cushman & Wakefeld Asia Pacific Operations, said ‘Australia is an important global market for Cushman & Wakefield and this strategic acquisition provides us with a strong platform from which we can expand beyond Sydney.’ Robert Farrell and Tony Anderson, respectively CEO and Managing Director of Laing+Simmons Commercial, have been named joint Managing Directors, Australia of Cushman & Wakefield.
The residential franchise real estate business trading as Laing+Simmons is not part of this agreement.
