Latest news with #Cushman&Wakefield
Business Upturn
11 hours ago
- Business
- Business Upturn
Cushman & Wakefield India Wins Two Five-Star Awards at the 2025 Asia Pacific Property Awards
Gurugram, Haryana, India: Cushman & Wakefield, one of the largest and the fastest growing real estate services firms in India has been recognized at the Asia Pacific Property Awards (APPA) 2025, winning two prestigious Five Star Awards for excellence in the Indian commercial real estate sector, reinforcing the firm's market leadership and exceptional service offerings. Best Property Agency/Consultancy – India – Five Star Award Best Real Estate Agency-Single Office (Delhi) – Five Star Award Held annually, the Asia Pacific Property Awards recognize outstanding achievement across the property and real estate industry, celebrating companies that demonstrate excellence in innovation, service, and delivery. This marks Cushman & Wakefield India's fifth overall and fourth consecutive win at APPA, underscoring the firm's consistent market expertise and the trust it has built with clients across the country. Anshul Jain, Chief Executive, India, SE Asia and APAC Tenant Representation, Cushman & Wakefield, said, 'We are delighted to be recognized once again at the Asia Pacific Property Awards for our leadership in the sector. These recognitions reflect the deep trust our clients place in us and the strong commitment of our teams. India's commercial real estate sector has matured significantly over the past few years—diversifying, institutionalizing, and strengthening its global relevance. At Cushman & Wakefield, we're proud to have played an active role in shaping that journey. As demand for institutional-grade real estate continues to grow, our focus remains on delivering client-first solutions powered by market insight, agility, and the highest standards of service.' Supriya Chatterjee, Managing Director, North India, Cushman & Wakefield, said, 'It's an honour to receive the Five-Star Award for our Delhi NCR office — a testament to the passion and commitment of our team and our strong market position in the region. Delhi NCR remains one of India's most vibrant and resilient commercial real estate hubs. This recognition reinforces our focus on delivering strategic, high-impact real estate solutions to a diverse client base — from corporates and developers to institutional investors and government bodies.' In addition to India, Cushman & Wakefield Greater China has also secured five accolades at APPA, reflecting the firm's broader Asia Pacific leadership and regional expertise: Best Property Agency/Consultancy China — Five Star Award Best Property Agency/Consultancy Marketing, Hong Kong (Habour East, Hong Kong, Capital Markets) — Five Star Award Best Real Estate Agency Marketing, China (The Center, Shanghai, Project & Occupier Services) — Five Star Award Lettings/Rentals Agency China — Award Winner Established in 1993, the Asia Pacific Property Awards (APPA) is part of the global International Property Awards, which celebrate the highest levels of achievement by companies operating in all sectors of the property and real estate industry. The Awards are judged by an independent panel of over 80 industry experts who evaluate design, quality, service, innovation, originality, and commitment to sustainability. About Cushman & Wakefield Advertisement Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit Click here for Media Contact Details Submit your press release Disclaimer: The above press release comes to you under an arrangement with Business Wire. Business Upturn takes no editorial responsibility for the same.
The Age
a day ago
- Business
- The Age
Fashion out and menswear in as global retailers take prime city shops
However, the company is expanding globally and opened a new 370 sq m shop at Westfield Doncaster in May. Cushman & Wakefield's Cam Taranto and Teska Carson's Adrian Boutsakis did the deal. There is a significant shift under way in the CBD retail core, Taranto said. 'The internationals are back.' 'As major redevelopment projects along Bourke Street Mall near completion, we're aware of several global retailers currently in advanced negotiations with others confirmed, including JD Sports, TK Maxx, Mecca, Nike and Telstra,' he said. Porta timber Cedar Woods has splashed out $50 million on the Porta Timber factory in Fairfield for a 300-unit mixed use project. Porta, one of Melbourne's oldest businesses, moved to the 11,670 sq m site at 224-256 Heidelberg Road in 1921 and the family which owns the company has held the land for more than 100 years. The huge property sits on the corner of Yarra Bend Road, boasting city views and 250 metres frontage to swathes of parkland. It has flexible Commercial 1 zoning which allows for plenty of development options. Loading LAWD agents Lukas Byrns, Paul Callanan and Peter Sagar handled the campaign. Across the road in Darebin Council's Northcote, where the zoning remains industrial despite potential city and park views, another family business has sold its premises. The Rutledge family, who founded groundbreaking audio-visual technology company Rutledge Engineering, has operated out of 195-199 Heidelberg Road since 1998. Last week, they sold their 3048 sq m site for $5.5 million to an industrial developer who has plans to redevelop the site with new warehousing units. Stonebridge Property agents Dylan Kilner, Max Warren and Chao Zhang, with Gross Waddell ICR's Danny Clark and Andrew Waddell negotiated the transaction. Untitled Property's Peter Smyth was transaction manager. There was plenty of interest from owner-occupiers looking to move out of Collingwood and Fitzroy, where rising property values were leading to higher land tax, Kilner said. 'Securing 11 formal offers shows just how deep demand runs for well-positioned industrial land, even where significant upgrades are required,' Warren said. St Kilda Road A former Edwardian laundry in St Kilda that was converted into 10 offices in the 1990s has been put up for sale by its several strata-title owners. The building, known as The Gresham, is on 2872 sq m at 322-332 St Kilda Road, near the corner of Inkerman Street. The old laundry, with its distinctive art nouveau facade, was central to St Kilda's main shopping strip until the modernisation of the nearby Junction in the 1960s. The building is covered by both commercial 1 and mixed use zoning and is expected to fetch more than $14 million. Cushman & Wakefield's Daniel Wolman, Hamish Burgess, Anthony Kirwan and Leon Ma are handling enquiries. Up the road, in what was the leafy boulevard's office strip, Shakespeare Property Group is about to take quite the haircut on its office tower, the Flight Centre's old headquarters at 436 St Kilda Road. Loading Records show it paid $62.15 million for the building in 2020 as Flight Centre scrambled for cash amid the pandemic-related collapse in air travel. It was a good move for the travel agent. Shakespeare, the property arm of Prime Value Asset Management is likely to get just $35 million for the 11-storey tower, which is 70 per cent vacant. CBRE agents Nick Peden, Jamus Campbell, Kiran Pillai and Trent Hobart have the listing. Suburban offices Offshore training group AEMG Education has snapped up an office in Hawthorn, paying $7.5 million for 529 Burwood Road. The 992 sq m double-storey office is on an 1174 sq m site opposite Swinburne University. Savills agent James Latos, who did the deal with Julian Heatherich, Benson Zhou and Tim Grant, said the vendor had owned the property for more than 35 years. 'This is our team's fourth recent sale of a vacant freehold office to an owner-occupier,' Latos said. However, investors continue to creep back into the market. Nearby, on the corner of Riversdale Road, a private investor paid $4.31 million for 270 Auburn Road. Gorman Commercial's Jonathon McCormack, who negotiated the sale with Peter Bremner, said there was lots of interest from owner-occupiers for the partly vacant 738 sq m office. 'It's certainly an owner-occupier market but this one was ultimately bought by a local investor,' McCormack said. Servo sells A Sydney-based investor has splashed out $11.78 million on a new servo in Clayton South in a deal reflecting a relatively buoyant 6.17 per cent yield. The service centre at 548 Clayton Road, on the corner of Bourke Road, was developed by Jasbe Petroleum and completed in 2021. The 4150 sq m centre includes a BP petrol station, a Carl's Jr fast food joint, a car wash and two warehouses. They return $727,047 a year. The deal was negotiated by Cushman & Wakefield's George Davies, Raphael Favas, Oliver Hay and Leon Ma.
Sydney Morning Herald
a day ago
- Business
- Sydney Morning Herald
Fashion out and menswear in as global retailers take prime city shops
However, the company is expanding globally and opened a new 370 sq m shop at Westfield Doncaster in May. Cushman & Wakefield's Cam Taranto and Teska Carson's Adrian Boutsakis did the deal. There is a significant shift under way in the CBD retail core, Taranto said. 'The internationals are back.' 'As major redevelopment projects along Bourke Street Mall near completion, we're aware of several global retailers currently in advanced negotiations with others confirmed, including JD Sports, TK Maxx, Mecca, Nike and Telstra,' he said. Porta timber Cedar Woods has splashed out $50 million on the Porta Timber factory in Fairfield for a 300-unit mixed use project. Porta, one of Melbourne's oldest businesses, moved to the 11,670 sq m site at 224-256 Heidelberg Road in 1921 and the family which owns the company has held the land for more than 100 years. The huge property sits on the corner of Yarra Bend Road, boasting city views and 250 metres frontage to swathes of parkland. It has flexible Commercial 1 zoning which allows for plenty of development options. Loading LAWD agents Lukas Byrns, Paul Callanan and Peter Sagar handled the campaign. Across the road in Darebin Council's Northcote, where the zoning remains industrial despite potential city and park views, another family business has sold its premises. The Rutledge family, who founded groundbreaking audio-visual technology company Rutledge Engineering, has operated out of 195-199 Heidelberg Road since 1998. Last week, they sold their 3048 sq m site for $5.5 million to an industrial developer who has plans to redevelop the site with new warehousing units. Stonebridge Property agents Dylan Kilner, Max Warren and Chao Zhang, with Gross Waddell ICR's Danny Clark and Andrew Waddell negotiated the transaction. Untitled Property's Peter Smyth was transaction manager. There was plenty of interest from owner-occupiers looking to move out of Collingwood and Fitzroy, where rising property values were leading to higher land tax, Kilner said. 'Securing 11 formal offers shows just how deep demand runs for well-positioned industrial land, even where significant upgrades are required,' Warren said. St Kilda Road A former Edwardian laundry in St Kilda that was converted into 10 offices in the 1990s has been put up for sale by its several strata-title owners. The building, known as The Gresham, is on 2872 sq m at 322-332 St Kilda Road, near the corner of Inkerman Street. The old laundry, with its distinctive art nouveau facade, was central to St Kilda's main shopping strip until the modernisation of the nearby Junction in the 1960s. The building is covered by both commercial 1 and mixed use zoning and is expected to fetch more than $14 million. Cushman & Wakefield's Daniel Wolman, Hamish Burgess, Anthony Kirwan and Leon Ma are handling enquiries. Up the road, in what was the leafy boulevard's office strip, Shakespeare Property Group is about to take quite the haircut on its office tower, the Flight Centre's old headquarters at 436 St Kilda Road. Loading Records show it paid $62.15 million for the building in 2020 as Flight Centre scrambled for cash amid the pandemic-related collapse in air travel. It was a good move for the travel agent. Shakespeare, the property arm of Prime Value Asset Management is likely to get just $35 million for the 11-storey tower, which is 70 per cent vacant. CBRE agents Nick Peden, Jamus Campbell, Kiran Pillai and Trent Hobart have the listing. Suburban offices Offshore training group AEMG Education has snapped up an office in Hawthorn, paying $7.5 million for 529 Burwood Road. The 992 sq m double-storey office is on an 1174 sq m site opposite Swinburne University. Savills agent James Latos, who did the deal with Julian Heatherich, Benson Zhou and Tim Grant, said the vendor had owned the property for more than 35 years. 'This is our team's fourth recent sale of a vacant freehold office to an owner-occupier,' Latos said. However, investors continue to creep back into the market. Nearby, on the corner of Riversdale Road, a private investor paid $4.31 million for 270 Auburn Road. Gorman Commercial's Jonathon McCormack, who negotiated the sale with Peter Bremner, said there was lots of interest from owner-occupiers for the partly vacant 738 sq m office. 'It's certainly an owner-occupier market but this one was ultimately bought by a local investor,' McCormack said. Servo sells A Sydney-based investor has splashed out $11.78 million on a new servo in Clayton South in a deal reflecting a relatively buoyant 6.17 per cent yield. The service centre at 548 Clayton Road, on the corner of Bourke Road, was developed by Jasbe Petroleum and completed in 2021. The 4150 sq m centre includes a BP petrol station, a Carl's Jr fast food joint, a car wash and two warehouses. They return $727,047 a year. The deal was negotiated by Cushman & Wakefield's George Davies, Raphael Favas, Oliver Hay and Leon Ma.
Los Angeles Times
a day ago
- Business
- Los Angeles Times
Cushman & Wakefield Arranges Record-Setting Sale of Balboa Island Mixed-Use/Retail Property
Property sold and acquired by Newport Beach-based investors Cushman & Wakefield has announced the firm has brokered the record-breaking sale of a freestanding 1,300-square-foot mixed-use/retail building situated within Balboa Island's iconic shopping district in Newport Beach. Located at 323 Marine Avenue, the property is currently leased to Blue Canoe and sold for approximately $2.2 million or $1,692 per square foot. The property was acquired by a Newport Beach-based investor. The seller was a Newport Beach family office that previously owned the property for over 30 years. Joseph Lising, managing director, and Nathan Demosthenes, director, with Cushman & Wakefield's Capital Markets & Retail Services represented the seller in the transaction. According to the team's tracking, this was the highest price per square foot ($1,692) that a retail property has been sold for on Balboa Island on record. Lising said, 'This is a special property in the heart of Balboa Island, a true one-of-a-kind experience and one of Southern California's most coveted coastal destinations. This highly visible location offers an exceptional storefront presence in a high-foot-traffic location, surrounded by boutique shops, upscale dining and a steady flow of residents and year-round visitors. The record price/sf achieved speaks to the strength and desirability of this local coastal location plus the asset's overall nature. The property also benefits from the area's limited retail supply and consistently high demand, which contributed to it being a sought-after asset.' 'Interestingly and uniquely, 323 Marine was originally built in 1930 and originally served as a joint fire and police station location for Newport Beach. The property also sits across from two popular real-life banana stands, Dad's Donut & Bakery Shop and Sugar 'n Spice, shops made famous by the hit series, Arrested Development, after inspiring the show's two make-believe banana stands,' noted Lising. 323 Marine is also near renowned developments and attractions including the thriving Balboa Village, featuring the Balboa Fun Zone (which Lising also brokered the sale of in 2021), Lido Marina Village, Lido House, Newport Beach and Balboa Pier. Together, these destinations attract many millions of visitors annually with world-class beaches, sailing, sport fishing, whale watching and The Catalina Flyer. The Balboa Island Ferry connects the community and the property, providing a unique service that runs as a main appeal to tourists from around the globe. Information sourced from Cushman & Wakefield. Learn more by contacting
Arabian Post
2 days ago
- Business
- Arabian Post
Cushman & Wakefield Greater China Secures Three Five‑Star Accolades
Cushman & Wakefield Greater China has been honoured with three five‑star awards at the 2025 Asia Pacific Property Awards, recognising its excellence in commercial real estate services across the region. The firm also received an additional 'Award Winner' designation, strengthening its regional leadership credentials. Judged by an expert panel comprising property professionals, these awards are regarded as one of the industry's most prestigious marks of quality, celebrating superior standards in real estate strategy, management and client service. The honoured categories include high‑profile segments such as office leasing, property consultancy and sustainable urban development—areas where the firm demonstrated remarkable performance in Greater China. Stakeholders report that its holistic approach, blending quantitative analytics with qualitative client engagement, distinguished the company in these assessments. ADVERTISEMENT The Asia Pacific Property Awards form part of the broader International Property Awards framework, which includes 2025 regional recognition events held across Asia Pacific. Awardees must first succeed at a national level before being advanced to regional contention. Judges evaluate entries by following strict criteria that include innovation, design, execution, and a clear demonstration of sustainable development goals. Cushman & Wakefield Greater China's award-winning projects drew favourable attention across multiple independent assessments this year. One of its flagship initiatives showcased a redevelopment strategy that revitalised a class‑A office building in Shanghai's Puxi district, featuring tenant‑centric amenities and energy‑efficiency retrofits surpassing local regulatory standards. Observers lauded the project as 'a benchmark in adaptive reuse and tenant wellbeing.' Several market analysts note that this recognition aligns with Cushman & Wakefield's recent push into sustainability consultancy within China's tier‑1 cities. Data from real estate advisory firm JLL indicates demand for green certifications such as LEED and China's Three-Star rating system has grown by over 20 per cent in prime office space leasing inquiries in Shanghai and Beijing over the past year. Cushman & Wakefield has positioned itself to capitalise on this trend through integrated valuation and ESG advisory services. The firm's success reflects broader shifts in Greater China's commercial real estate landscape. As occupier priorities pivot toward hybrid work models and employee wellness, landlords are increasingly investing in flexible spaces, enhanced air quality systems and digital infrastructure—areas where Cushman & Wakefield's consulting practice claims to offer a competitive edge. Industry insiders credit the firm's cross-border research capabilities and its network of regional specialists for facilitating this adaptability. Leadership within the company emphasises the role of strategic partnerships in bolstering service quality. According to senior executives, collaborations with local tech providers have expanded the firm's data analytics offerings, enabling real‑time occupancy tracking and predictive maintenance solutions. These capabilities, they say, underpin their award‑winning performance across multiple project categories. In addition to commercial leasing and consultancy, the firm also asserted itself in urban planning and precinct‑level developments. One notable project in Guangzhou integrated smart‑city planning elements—such as IoT‑enabled energy systems and occupant behavioural analytics—to optimise building usage and sustainability outcomes. Judges reportedly commended this project for its forward‑looking design and measurable impact on environmental performance. Competitors in the same categories included both global real estate consultancies and prominent domestic players. While these firms have likewise embraced ESG frameworks and smart building solutions, Cushman & Wakefield's depth of data‑driven insight and regional footprint reportedly gave it a distinct advantage in the judges' evaluations. The multiple awards underscore a trajectory in which the firm continues to harness innovation, sustainability and client experience as pillars of growth. Cushman & Wakefield Greater China plans to replicate its award‑winning models across emerging urban centres, with an emphasis on Tier‑2 cities like Chengdu and Wuhan—where demand for high‑quality commercial assets is rising amid urbanisation and regional economic diversification.
