KUALA LUMPUR, July 17 (Bernama) -- Cushman & Wakefield has entered into an agreement to acquire the commercial property arm of Sherry FitzGerald Group in the Republic of Ireland.
Cushman & Wakefield is one of the world´s largest real estate services firms with 48,000 employees in approximately 400 offices in 70 countries.
The acquisition is expected to complete in early September 2018, a statement said.
Cushman & Wakefield already has a 20 per cent stake in the Irish commercial property business which operated as its exclusive affiliate in the Republic
rebranding two years ago as Cushman & Wakefield Ireland.
The firm has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield.
Managing Director, Aidan Gavin becomes Cushman & Wakefield´s Head of Ireland and will also sit on the firm´s UK and Ireland Executive Committee.
Cushman & Wakefield will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has a further 97 offices across the Republic.
As part of the transaction, the firm will also acquire, from Sherry FitzGerald Group, a minority share in its affiliate commercial property businesses in Cork and Belfast. The remaining equity, held by shareholding directors, is unaffected.
More details on www.cushmanwakefield.com
--BERNAMA
Cushman & Wakefield is one of the world´s largest real estate services firms with 48,000 employees in approximately 400 offices in 70 countries.
The acquisition is expected to complete in early September 2018, a statement said.
Cushman & Wakefield already has a 20 per cent stake in the Irish commercial property business which operated as its exclusive affiliate in the Republic
rebranding two years ago as Cushman & Wakefield Ireland.
The firm has more than 100 commercial property professionals and offices in Dublin, Limerick and Galway, will now be fully integrated into Cushman & Wakefield.
Managing Director, Aidan Gavin becomes Cushman & Wakefield´s Head of Ireland and will also sit on the firm´s UK and Ireland Executive Committee.
Cushman & Wakefield will maintain its close affiliate relationship with the wider Sherry FitzGerald Group, which has a further 97 offices across the Republic.
As part of the transaction, the firm will also acquire, from Sherry FitzGerald Group, a minority share in its affiliate commercial property businesses in Cork and Belfast. The remaining equity, held by shareholding directors, is unaffected.
More details on www.cushmanwakefield.com
--BERNAMA
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