Cushman & Wakefield and EC Harris launch JV

Commercial real estate service firm Cushman & Wakefield and EC Harris have announced the formation of a joint venture company that offers a total service solution for corporate occupiers throughout Europe, the Middle East and Africa.
Cushman & Wakefield and EC Harris launch JV
By Administrator
Thu 01 Feb 2007 12:00 AM

Commercial real estate service firm Cushman & Wakefield and EC Harris have announced the formation of a joint venture company that offers a total service solution for corporate occupiers throughout Europe, the Middle East and Africa.

Corporate Occupier Solutions  will provide major corporate occupiers of real estate access to a resource of 4,000 professionals who are able to deliver a fully integrated service offering throughout the EMEA.

Michael Creamer, partner and head of EMEA Client Solutions for Cushman & Wakefield, said: “Together we are a major force able to deliver a significantly enhanced and totally integrated real estate service aimed at improving decision making, risk management and speed to market, all of which are increasingly important in today’s ever-competitive business environment.

“Our combined resources and extensive geographic reach will also particularly benefit the growing number of corporate occupiers operating in emerging markets across EMEA.”

EC Harris has added its management consultancy and project and facilities management capabilities to Cushman & Wakefield’s existing transaction management skills and facilities management being delivered through Cushman & Wakefield Management Services. EC Harris has taken a 50% stake in the Cushman & Wakefield subsidiary and added these skills to create the joint venture, providing a unique proposition to corporate occupiers.

David Sparrow, head of the property sector at EC Harris, said: “We are able to deliver demonstrable best value from corporate real estate for clients across Europe, providing real portfolio control and influence.This is already proving very attractive to clients in this corporate sector who are looking for improved real estate performance. We fully expect to form similar alliances to address the needs of other property sectors.”

Both Cushman & Wakefield and EC Harris will continue to deliver specific service lines independently of each other.

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