JP Morgan entrusts Cushman & Wakefield with the management of two office buildings

3 Sep, 2012, France

JP Morgan Asset Management, a leading asset manager for institutions, individuals and financial intermediaries worldwide has instructed Cushman & Wakefield in France with the management of two office buildings: 52 Hoche, an office building of 11,000 sq.m. in Paris 8th, and Avant Seine, an office building of 43,000 sq.m. in Paris 13th. The assets were acquired by JP Morgan Asset Management last June.

This new mandate reinforces Cushman & Wakefield’s position as a major player in the asset management market.

Stéphane Bureau’s team will be responsible for the lease, technical and accounting management.

Stéphane Bureau, Managing Director of the Asset Management Department at Cushman & Wakefield France, said "we approached this mandate in project mode with the teams of JP Morgan Asset Management by putting in place resources and tools for optimal management of their two new assets. This new partnership in France is in keeping with a commitment to accompany JP Morgan Asset Management in the management and valuation of its real estate assets."

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