DTZ's Routledge to join Cushman & Wakefield's cross-border capital markets team
24 Nov, 2006, London
Cushman & Wakefield has recruited John Routledge as a partner in its rapidly expanding European cross-border capital markets team based in London.
John is to join Cushman & Wakefield having spent five and a half years at DTZ where he was most recently a director in DTZ's international investment team responsible for the creation, introduction, due diligence and closure of cross-border investment transactions across Europe. John speaks French and Swedish and has extensive transactional experience in many continental property markets. Before leaving DTZ, John advised a cross-border investment fund in one of the largest off-the-market transactions seen in Germany this year, when the fund acquired a well secured long leased office portfolio for €334.0 million. In 2002, John spent a 12 month secondment in DTZ's Milan office and prior to that he was manager in the investment department of Knight Frank's Brussels office having joined the firm as a graduate in 1994.
Cushman & Wakefield's cross-border capital markets team is based in London and works closely with the firm's 250 local capital markets experts covering all European markets and sectors. Michael Rhydderch, who heads the cross-border team, returned to the UK from C&W's Italian business in 2005 in order to drive the firm's European cross-border business. The team now totals 12 and over the last 18 months has undertaken transactions totalling in excess of €4 billion. The team includes four partners, all of whom, have several years experience working in continental Europe. Each of the partners have specific in-depth pan European sector expertise and speak seven languages between them. They include Michael Rhydderch who leads the team, Nick Jones (industrial and logistics), Michael Rodda (retail) and Mark Powell (advisory/Central & Eastern European). Recently, Anshul Jain joined the team from C&W's client solutions team to focus specifically on Middle Eastern and Indian capital.
Michael Rhydderch, head of the cross-border capital markets at Cushman & Wakefield said: "Our centralised cross-border capability has enabled us to maximise the strength of our excellent local investment teams and we are on course for another record year with turnover expected to be up around 60% . John's extensive 'on the ground' experience on the contintent and in Scandanavia in particular, will complement our existing strengths and puts us in an even stronger position to advise clients looking to invest across Europe."
Transactions highlights of the past 12 months include:
- Acquisition of retail property in Hanau for a value in excess of €30m, on behalf of Henderson
- Disposal of retail portfolio across Germany on behalf of private investor for a value of €85m
- Instructed on disposal of European office portfolio across France, Italy and UK with a value in excess of €400m
- Disposal of hypermarket portfolio involving 16 properties in Poland on behalf of Casino for €555m