The merger of Cushman & Wakefield and DTZ will create the leading retail investment advisory firm in Europe, according to pro-forma figures from PropertyEU Research.
The merger of Cushman & Wakefield and DTZ will create the leading retail investment advisory firm in Europe, according to pro-forma figures from PropertyEU Research.
In 2014, the combine advised on €8.5 bn of retail investment transactions across Europe, followed by CBRE in second position with €8 bn and JLL ranked third with €7.1 bn.
Before the merger, Cushman & Wakefield ranked as one of the top 3 firms in retail but was in a neck-and-neck race last year with JLL for the number 2 position with its total of €7.2 bn.
According to our pro forma figures, the combined firm advised on investment transactions totalling €25.5 bn in Europe in 2014, placing it in a comfortable third place after JLL and CBRE with €38.8 bn and €38.6 bn respectively.
The figures are based on transactions above a threshold of €20 mln and were compiled by PropertyEU Research earlier this year following our annual Top Brokers survey.
The pair have also significantly consolidated their position in the European office investment advisory market, the figures show. Together the two companies advised on office transactions valued at €9.2 bn in 2014, placing them in 4th position just under BNP Paribas Real Estate (€9.8 bn).
JLL and CBRE led in this segment last year with a far wider margin. JLL advised on €18.5 bn of office transactions while CBRE just failed to miss this top score with €18.3 bn.
