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Cushman & Wakefield Expands Mexico Operations
4 Oct, 2006, Mexico City
Global commercial real estate leader expands North American reach; acquires 100% ownership
of Cushman & Wakefield Mexico
Will grow its Mexican operations
In another move that further enhances its growing global services to clients, Cushman & Wakefield announced today it has purchased the ownership interest of a longtime partner to acquire full control of Cushman & Wakefield Mexico.
Cushman & Wakefield purchased the 50 percent interest in the firm it did not already own from Groupo Accion, a Mexican real estate and development company that had been its partner in Cushman & Wakefield Mexico for 14 years. Terms of the agreement were not announced.
“Mexico’s economy continues to grow steadily in the transportation, warehousing, communications and financial services sectors, which places Mexico on the global stage with other world economies. This is why Cushman & Wakefield has put a focus on Mexico as a place to continue our strategic expansion growth initiative,” said Victor Lachica, president of Cushman & Wakefield Mexico. Cushman & Wakefield is planning to expand its presence in Mexico.
Cushman & Wakefield has operations in Mexico City, Juarez and Monterrey providing office and industrial brokerage, research, valuation, client solutions and capital markets services to its clients in the region. With more than 170 employees throughout Mexico, Cushman & Wakefield Mexico has consistently been the leader in the market.
“This is another move to ensure consistency of service delivery around the world,” said Tony Marano, chief executive officer for the Americas at Cushman & Wakefield. “We continue to see Mexico as an area of interest for our clients and an area that we will continue to invest in as a firm.”
Over the past 20 months, Cushman & Wakefield has acquired its Russian affiliate, Stiles & Riabokobylko (now Cushman & Wakefield Stiles & Riabokolbylko) and its Canadian affiliate, Royal LePage Commercial, (now Cushman & Wakefield LePage) both leaders in their respective markets.
“This is great news for our clients and our employees,” said Mr. Lachica.
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Cushman & Wakefield is the world’s largest privately held real estate services firm. Founded in 1917, the firm has 189 offices in 57 countries around the globe, and 11,000+ talented professionals. Cushman & Wakefield delivers integrated solutions by actively advising, implementing and managing on behalf of landlords, tenants, and investors through every stage of the real estate process. These solutions include helping clients to buy, sell, finance, lease, and manage assets. C&W also provides valuation advice, strategic planning and research, portfolio analysis, and site selection and space location assistance, among many other advisory services. To find out more about Cushman & Wakefield, please call 1-800-376-3133.
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