The FINANCIAL — Cushman & Wakefield has signed an exclusive arrangement with DTZ Ukraine as its affiliate in Ukraine. DTZ Ukraine has rebranded as Cushman & Wakefield.
DTZ Ukraine has operated in the market since 1994 offering clients a full range of real estate services including
Office agency and consultancy
Office occupier services
Logistics and industrial agency and consultancy
Retail agency and consultancy
Research and development consultancy
Property and facility management
Since 2014 Ukraine has suffered overall economic decline and political uncertainty which has led to some investors and developers putting their activity on hold. Via this affiliation, Cushman & Wakefield has underlined its commitment to the Ukrainian demonstrating the improving perception of the market by international investors and corporate occupiers, according to Cushman & Wakefield.
Nick Cotton, Managing Director of Cushman & Wakefield in Ukraine, said: “Ukraine has significant natural, industrial and human resources and is back on the global investment map. It offers an alternative to more mature markets, providing an acceptable balance between the risks and returns of investing in business processes and real estate.”
“Our affiliation with Cushman & Wakefield has extended our client base and the services that we offer. As a result, we are growing our existing team and are actively recruiting as we seek to serve this wider client base. We remain dedicated to our core values – established over 23 years – of integrity, being committed to cutting-edge ideas and client orientated service excellence”.
Jonathan Hallett, Head of Central & Eastern Europe, Cushman & Wakefield said: “Cushman & Wakefield has a very strong presence across CEE and we are delighted to have confirmed our affiliate relationship with DTZ Ukraine. Together with similar affiliations we have announced in recent months in Romania, Bulgaria and Macedonia, we are demonstrating our commitment to delivering outstanding client service and pursuing further growth throughout the CEE region.”
John Forrester, Chief Executive EMEA, Cushman & Wakefield, said: “Our strong and long lasting relationships with affiliates across EMEA extends delivery into markets where Cushman & Wakefield does not currently have a wholly-owned presence. This benefits both local and global clients who gain access to our global network and local knowledge respectively.”
Cushman & Wakefield is a top three global real estate services firm, with some 45,000 employees in more than 70 countries, recorded revenue of over $5 billion,4.3 billion sq. ft. under management and $191 billion in global transactions.
Cushman & Wakefield has previously announced exclusive affiliate arrangements with:
Excellerate Property Services in sub-Saharan Africa, named Cushman & Wakefield Excellerate (August 2016).
DTZ Sherry FitzGerald in Ireland, rebranded to Cushman & Wakefield (August 2016).
Inter Israel in Israel, branded as Cushman & Wakefield Inter Israel (October 2016).
Proprius in Greece, branded as Cushman & Wakefield Proprius (October 2016).
SPG Intercity in Switzerland (December 2016).
Veritas Brown, rebranding as Cushman & Wakefield, in Kazakhstan and Georgia (December 2016).
DTZ Finland Oy, rebranding as Cushman & Wakefield, in Finland (January 2017).
DTZ Realkapital, rebranding as Cushman & Wakefield Realkapital, in Norway (February 2017)
DTZ Echinox, rebranding as Cushman & Wakefield Echinox, in Romania (March 2017)
Forton, rebranding as Cushman & Wakefield Forton, in Bulgaria and Macedonia (April 2017)