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British Airways appoints Cushman & Wakefield
11 Apr, 2008, London
British Airways plc has appointed Cushman & Wakefield as its exclusive real estate adviser on its global portfolio outside of the United Kingdom.
British Airways began its tendering process in November 2006 and the appointment of Cushman & Wakefield follows a competitive pitch process. The appointment is for an initial period of three years from October 2007.
British Airways’ global real estate portfolio includes offices, engineering/cargo, airside facilities and residential accommodation across over 60 countries.
In line with British Airways’ business strategy, Cushman & Wakefield will look of ways of maximising efficiency and returns from the real estate portfolio. Guy Douetil, Apara Guha and Nicola Esam will be the British Airways global account team and the range of services Cushman & Wakefield is contracted to supply will include account management, transaction management, project management, portfolio administration and valuation and advisory services.
Michael Creamer, Head of EMEA & APAC Client Solutions, Cushman & Wakefield said: “British Airways is one of the world’s most respected brands operating successfully in one of the most competitive sectors. We are looking forward to working with its management team to deliver a real estate strategy to help deliver its business objectives.”
British Airways joins an illustrious list of Cushman & Wakefield’s corporate clients managed by its Client Solutions team including Cadbury Schweppes, Ericsson, Ford, GlaxoSmithKline, Orange, Procter & Gamble, Nokia and GE.