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Cushman & Wakefield And Technopak Enter Into Strategic Alliance For Retail Services
13 Jan, 2009, New Delhi
Cushman & Wakefield And Technopak Enter Into Strategic Alliance For Retail Services
- Single unified platform for end-to-end solutions across the retail services industry
- Retail industry to benefit from the combined forces of over 500 professionals across over 100
locations in India
New Delhi, January 13, 2009: Cushman & Wakefield, the world's largest privately held
real estate services firm and leading retail real estate services provider announced today an
exclusive strategic alliance with Technopak, India?s premier Management Consulting firm in
retail, to establish an integrated platform of end-to-end retail services.
The partnership serves to deepen Cushman & Wakefield's capabilities for its clients in the
retail industry by providing access to Technopak?s retail strategy and consulting services,
while enabling Technopak?s clients to access Cushman & Wakefield's global platform of real
estate market intelligence, management expertise and a broad range of real estate services. The
alliance would have over 500 dedicated talented professionals having diversified skill base in
retail industry with geographic reach across 100 cities in India
Cushman & Wakefield & Technopak would collectively have a market share to over 50% in
the retail services sector and the formidable alliance will further assist both the companies
to gain greater market control and provide their clients a unique and unmatched platform of
knowledge based advice backed by execution capabilities.
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?This partnership is a landmark step within the retail services sector and will help us better
position ourselves to provide continued success in one of the fastest growing industries in
India,? said Sanjay Verma, Executive Managing Director, South Asia, Cushman & Wakefield.
?Given the growth opportunities that India?s retail sector offers, this combined force will
give us a significant advantage and further strengthen our abilities to meet the increasingly
complex needs of our clients.?
Sanjay Verma added, ?This partnership also forms a key component of our long-term strategy to further expand our retail services and strengthen our real estate portfolio in India.?
In an estimate by C&W the total demand is expected to be approximately 95 million sq.ft. by 2012 with the majority (approximately 79 million sq.ft,) demand being concentrated in the Tier I cities. This would further increase the size and potential of professional retail services in India.
Arvind Singhal, Chairman, Technopak comments, ?Our partnership is geared up to redefine retail services delivery through our unique commitment towards knowledge, strategy, advice and execution. Our combined expertise of end-to-end seamless solutions will allow our clients to make the most informed decisions based on thorough, real-time market intelligence and real estate solutions.?
The alliance would provide a comprehensive set of specialized retail real estate solutions across all stages of a retail life cycle, from initial research, strategy and real estate to management, operation strategy and investment advice. With a team of the most experienced and talented professionals in the retail real estate industry, C&W and Technopak would jointly be able to add value to the entire retail process encompassing Business Strategy; Real Estate Advisory; Capital Advisory; Start up Assistance; Transaction Management; Shopping Centre Management Services; Project Management, Performance Enhancement; and Consumer Insights.
Arvind Singhal added, ?Our partnership symbolizes the amalgamation of similar values, cultures and business ethos. It is the strong leadership and commitment to integrity and excellence in our service delivery platform that will significantly strengthen our value proposition to clients across India.?
With this alliance Cushman & Wakefield and Technopak would be able to leverage the collective strength of their extensive and diverse expertise, specialised talent, varied experience and unparalleled reach to provide retailers, owners and investors comprehensive specialised retail solutions in any location and market in India as well as across the globe.
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