NEW YORK CITY — Cushman & Wakefield and DTZ have completed their merger to form one of the largest commercial real estate services firms in the world. The new company will have a combined total of $5 billion in revenue, 43,000 employees, more than 4.3 billion square feet under management and $191 billion in transaction value. The firm will be led by Chairman and CEO Brett White and Global President Tod Lickerman.
“This is a game-changing event in commercial real estate,” says White. “Both legacy firms has been aggressively growing their respective platforms and deepening their reach into the market with new acquisitions and talent. Now we have the opportunity to see these ambitions come together — capturing the momentum in the market and clearly claiming our position at the top of the industry.”
Cushman & Wakefield now operates in more than 60 countries around the world, providing global commercial real estate service in every service line and every major geographical area in the world. Cushman & Wakefield is majority owned by an investor group led by TPG, PAG and OTTP.