Cushman & Wakefield Acquires Sheffield Property and Sheffield Asset Management in Australia

PERTH, Australia--(BUSINESS WIRE)--Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, has acquired Sheffield Property (WA) Pty Ltd. and Sheffield Asset Management Pty Ltd. (“Sheffield”), a reputable office leasing and property management agency based in Perth, Western Australia. The acquisition further strengthens Cushman & Wakefield’s well established and full service commercial real estate platform across Australia and the Asia Pacific region.

“I am delighted to welcome the Sheffield team to Cushman & Wakefield. This acquisition is a perfect fit for Cushman & Wakefield in Western Australia as it combines Sheffield’s strong leasing, development and asset services businesses with our best-in-class facilities management, project management, valuations and advisory services businesses. The expanded platform significantly enhances our ability to offer a full complement of services that support the real estate needs of both our investor and occupier clients and also sharpens Cushman & Wakefield’s competitive edge in Western Australia,” said Matthew Bouw, Chief Executive Officer, Asia Pacific at Cushman & Wakefield.

Sheffield is well-recognized in Western Australia’s office leasing, development, and property management services sectors. It has successfully completed project leasing campaigns for 10 new office developments built in Perth over the past nine years for many blue-chip developers.

Mark Clapham and Digby Sutherland who led Sheffield have been appointed to lead Cushman & Wakefield’s Western Australian Commercial Real Estate (CRE) business, working closely with the Australian leadership team.

Since 2015, Cushman & Wakefield has grown significantly in Australia both organically and by acquiring leading businesses that extend its capability and interstate service coverage. The latest acquisition is Cushman & Wakefield’s fifth in seven years in Australia, after acquiring national capital markets business Inc RE, Knight Frank’s NSW valuations business, Wright Property in Queensland, and trades services business, Smith Brothers, in South Australia.

Simon Fenn, Managing Director, Australia & New Zealand, Cushman & Wakefield said, “We are delighted to have Sheffield’s high caliber leaders and dealmakers, Digby and Mark, leading our Western Australian business. A shared institutional client base, a focus on client service and strong cultural alignment were key drivers behind this strategic acquisition, which will rapidly accelerate our growth in the Western Australian market.”

Jon McCormick, Head of IFM and Asset Services, Australia & New Zealand, Cushman & Wakefield said, “This acquisition further strengthens our national reach and strong linkages across Asia Pacific. We are already supporting blue-chip Perth-based clients and are well positioned to expand further.”

Digby Sutherland, Joint Managing Director, Sheffield Property said, “We’re thrilled to be joining Cushman & Wakefield, combining our deep local expertise with the strength of one of the world’s largest commercial real estate firms.”

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and approximately 60 countries. In 2021, the firm had revenue of $9.4 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.