Cushman & Wakefield is set to fully acquire its Finnish affiliate, a deal expected to close in January 2025, solidifying its presence in the Nordic market.
The Helsinki-based affiliate, operating since 2003, boasts a team of 22 commercial property professionals, including six senior partners. They provide capital markets, leasing, tenant representation, consulting, and valuation & advisory services. The team, led by Chairman Janne Eriksson and CEO Juuso Pietilä, has been instrumental in key deals in the Finnish market, including the recent €135 mln acquisition of a 22-asset urban logistics portfolio.
Following the acquisition, Eriksson will assume the role of Cushman & Wakefield's head of Finland and will also join the firm's EMEA Executive Leadership Team.
Colin Wilson, CEO, EMEA, Cushman & Wakefield, said: ‘This acquisition strengthens our core EMEA business for the benefit of our clients while supporting our growth ambitions. We see considerable opportunity in Finland and the wider Nordics and expanding our owned presence in the region underlines our commitment to continuously enhancing our EMEA platform to deliver outstanding results for our clients.’
Janne Eriksson, Chairman of Cushman & Wakefield Finland, added: ‘It has been a really positive journey with Cushman & Wakefield and the time is right to move to the next stage. We have great momentum in the market and firmly believe that there is significant potential for further growth by joining together and leveraging the resources of its global network. Cushman & Wakefield has a very strong balance sheet and is investing into areas like innovative technology and the development of new products and services which will benefit our clients in Finland.’
Finland's robust economy, highly skilled workforce, global perspective, and well-developed real estate market make it an attractive destination for both international investors and businesses seeking to enter the Nordic region.
Cushman & Wakefield's acquisition in Finland marks its ninth strategic acquisition in Europe since its global merger in 2015.
