CWK - Cushman & Wakefield buys Sheffield Property Asset Management in Australia

Cushman & Wakefield (NYSE:CWK) on Wednesday has acquired Sheffield Property and Sheffield Asset Management, an office leasing and property management agency based in Perth, Western Australia. Terms of the acquisition were not disclosed. The deal will enhance Cushman & Wakefield's (CWK) commercial real estate platform across Australia and the Asia Pacific region, the company said. Furthermore, Sheffield leaders Mark Clapham and Digby Sutherland have been appointed to lead Cushman & Wakefield’s (CWK) western Australian commercial real estate business. The deal "is a perfect fit for Cushman & Wakefield in Western Australia as it combines Sheffield’s strong leasing, development and asset services businesses with our best-in-class facilities management, project management, valuations and advisory services businesses," said Matthew Bouw, CEO, Asia Pacific at Cushman & Wakefield. Towards the end of March, Cushman & Wakefield said it will divest Russian operations.

For further details see:

Cushman & Wakefield buys Sheffield Property, Asset Management in Australia