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Cushman & Wakefield’s Australian operations, formerly known as Laing+Simmons Commercial, is the latest addition to the Cushman & Wakefield group. It is a multi-service real estate agency which has achieved market dominance through continuous strong growth in its business operations and market reputation, particularly in the Sydney market, over the last 19 years. Services include brokerage & leasing, corporate advisory, valuation, property management, tenant representation and research.
Australia is one of the strategic commercial centres in Australasia, with Sydney being its leading city. Australia plays a key economic, social and political role in its region and also has a strong global commitment through forums including OECD and APEC.
The Australian property market is currently experiencing an increase in mergers & acquisition activity, particularly through private equity funds. Additionally, the Sydney CBD is experiencing a dramatic reduction in office vacancies for Premium and A-Grade space, with no new core CBD developments available for lease, without precommitment prior to 2010. The affects of these two trends will result in premium sale prices as well as dramatic rental increases as major leases expire in 2009 and 2010. Cushman & Wakefield is well positioned to provide expert advice in all these areas.