Latest news with #CushmanWakefield
Associated Press
a day ago
- Business
- Associated Press
Cushman & Wakefield Greater China Wins Three Best Five-Star Awards at 2025 Asia Pacific Property Awards
HONG KONG SAR - Media OutReach Newswire - 19 June 2025 - Cushman & Wakefield, a leading global real estate services firm, has again been recognized at the Asia Pacific Property Awards, scoring three best Five Star Awards plus one 'Award Winner' for outstanding achievements in the Greater China commercial real estate market, highlighting the firm's leading industry position and exceptional service offerings. 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 KK Chiu, Chief Executive, Greater China, Cushman & Wakefield, said, 'I am delighted that we have won such high acclaim for our performance excellence. This recognition from the 2025 Asia Pacific Property Awards again demonstrates our teams' market-leading capabilities and strong commitment to our clients in the Greater China real estate market.' In the Best Property Agency/Consultancy Marketing award category, Cushman & Wakefield's Capital Markets team facilitated leading Chinese sports brand Li Ning Company Ltd's acquisition of the Harbour East office tower, in Hong Kong's North Point district, from Henderson Land. The property has been renamed the Hong Kong Li-Ning Building. With this transaction the Capital Markets team transitioned Li Ning from leasing to ownership status, enabling the brand to establish a new Hong Kong headquarters location. Francis Li, Vice President, Greater China, Head of Capital Markets, Greater China at Cushman & Wakefield, added: 'We are extremely proud that our Capital Markets team's performance and commitment to problem-solving through the Habour East acquisition project has been recognized at the 2025 Asia Pacific Property Awards. Our team's knowledge of the rapidly changing market, coupled with deep connections with local investors, developers, and institutional investors, has enabled us to complete total transaction volume of nearly HK$40 billion in the past five years, serving our clients with unrivalled excellence.' In the Best Real Estate Agency Marketing, China, award category, Cushman & Wakefield's Project & Occupier Services team took on a significant role in marketing The Center, a prestigious Grade A office property in downtown Shanghai and one of the most iconic projects from Hutchinson Whampoa Limited. As the main asset management service provider, the team fully leveraged the property's comprehensive renovation combined with its 20th anniversary milestone. The team implemented an array of marketing approaches, generating a fresh new image for The Center and bringing the project into the top-tier of preferred locations for leading consulting firms, financial institutions and multinational corporations. Jonathan Wei, President of Project & Occupier Services, China, Cushman & Wakefield, commented, 'Congratulations to the team for this top honor at the 2025 Asia Pacific Property Awards. Our team focuses on providing comprehensive and diversified real estate brokerage services to corporate clients, developers, governments, real estate investment funds and institutions. With our extensive resources and in-depth market insights, we will continue to play an integral role in driving high-quality brokerage and letting services' Besides Greater China, Cushman & Wakefield India has also won recognition from the 2025 Asia Pacific Property Awards, securing two wins: Best Property Agency / Consultancy, India — Five Star Award Best Real Estate Agency Single Office, India — Five Star Award 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. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield 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 Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. 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 or follow us on LinkedIn ( ).
Zawya
2 days ago
- Business
- Zawya
Cushman & Wakefield Greater China Wins Three Best Five-Star Awards at 2025 Asia Pacific Property Awards
HONG KONG SAR - Media OutReach Newswire - 19 June 2025 - Cushman & Wakefield, a leading global real estate services firm, has again been recognized at the Asia Pacific Property Awards, scoring three best Five Star Awards plus one "Award Winner" for outstanding achievements in the Greater China commercial real estate market, highlighting the firm's leading industry position and exceptional service offerings. 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 KK Chiu, Chief Executive, Greater China, Cushman & Wakefield, said, "I am delighted that we have won such high acclaim for our performance excellence. This recognition from the 2025 Asia Pacific Property Awards again demonstrates our teams' market-leading capabilities and strong commitment to our clients in the Greater China real estate market." In the Best Property Agency/Consultancy Marketing award category, Cushman & Wakefield's Capital Markets team facilitated leading Chinese sports brand Li Ning Company Ltd's acquisition of the Harbour East office tower, in Hong Kong's North Point district, from Henderson Land. The property has been renamed the Hong Kong Li-Ning Building. With this transaction the Capital Markets team transitioned Li Ning from leasing to ownership status, enabling the brand to establish a new Hong Kong headquarters location. Francis Li, Vice President, Greater China, Head of Capital Markets, Greater China at Cushman & Wakefield, added: "We are extremely proud that our Capital Markets team's performance and commitment to problem-solving through the Habour East acquisition project has been recognized at the 2025 Asia Pacific Property Awards. Our team's knowledge of the rapidly changing market, coupled with deep connections with local investors, developers, and institutional investors, has enabled us to complete total transaction volume of nearly HK$40 billion in the past five years, serving our clients with unrivalled excellence." In the Best Real Estate Agency Marketing, China, award category, Cushman & Wakefield's Project & Occupier Services team took on a significant role in marketing The Center, a prestigious Grade A office property in downtown Shanghai and one of the most iconic projects from Hutchinson Whampoa Limited. As the main asset management service provider, the team fully leveraged the property's comprehensive renovation combined with its 20th anniversary milestone. The team implemented an array of marketing approaches, generating a fresh new image for The Center and bringing the project into the top-tier of preferred locations for leading consulting firms, financial institutions and multinational corporations. Jonathan Wei, President of Project & Occupier Services, China, Cushman & Wakefield,commented, "Congratulations to the team for this top honor at the 2025 Asia Pacific Property Awards. Our team focuses on providing comprehensive and diversified real estate brokerage services to corporate clients, developers, governments, real estate investment funds and institutions. With our extensive resources and in-depth market insights, we will continue to play an integral role in driving high-quality brokerage and letting services" Besides Greater China, Cushman & Wakefield India has also won recognition from the 2025 Asia Pacific Property Awards, securing two wins: Best Property Agency / Consultancy, India — Five Star Award Best Real Estate Agency Single Office, India — Five Star Award 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. Hashtag: #Cushman&Wakefield The issuer is solely responsible for the content of this announcement. About Cushman & Wakefield 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 Greater China, a network of 23 offices serves local markets across the region. In 2024, the firm reported revenue of $9.4 billion across its core services of Valuation, Consulting, Project & Development Services, Capital Markets, Project & Occupier Services, Industrial & Logistics, Retail, and others. 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 or follow us on LinkedIn ( Cushman & Wakefield
Irish Times
3 days ago
- Business
- Irish Times
US investor set to pay €120m for three of Ireland's leading retail parks
Having paid €220 million in March for the Oaktree portfolio, a collection of eight of Ireland's best-known retail parks, Realty Income Reit is set to deepen its involvement in the Irish market with the purchase of three additional schemes. While the transaction has yet to be completed, The Irish Times understands that the US investment giant is poised to move in the coming days from being preferred bidder into exclusivity in relation to the acquisition of the Trinity Collection, a portfolio comprising Belgard Retail Park in Tallaght, Dublin 24, the M1 Retail Park in Drogheda, Co Louth, and Poppyfield Retail Park in Clonmel, Co Tipperary. The proposed purchase price is said to be in line with the €120 million guided by agent Cushman & Wakefield when it offered the portfolio to the market formally in April. Should the sale complete at the agreed level, the Trinity Collection's owners would be in line for a significant return on their original investment. Developer Pat Crean's Marlet Property Group and its funding partner M&G paid €78 million to secure ownership of the schemes from US investor Marathon Asset Management in September 2021. Since acquiring the portfolio, Marlet has engaged in an intensive asset management programme at all three locations. All three schemes have benefited from ESG initiatives and had work undertaken to improve their overall aesthetics and presentation. The overall rent roll, meanwhile, has been increased from €7 million to more than €9 million. READ MORE Belgard Retail Park has long been regarded as one of the foremost retail parks in the capital. Outside of its more recent addition of its new EZ Living unit, the scheme is occupied by a range of leading retailers including B&Q, Home Store & More, Dealz, Carpet Right, Halfords, Right Style Furniture, Burger King and Starbucks. The total current rent is about €3.45 million per annum, or some €320,000 more than the €3.13 million it had been generating in 2021. The M1 Retail Park comprises a mix of retail, office and leisure accommodation extending to a total of 24,805sq m (267,000sq ft), along with 600 car-parking spaces. The addition of the new Tesco supermarket will increase the scheme's overall footprint to 28,986sq m (312,000sq ft). The park is already anchored by Woodie's DIY and its other tenants include Smyths Toys, Sports Direct/Brand Max, Dealz, Equipet and EZ Living. The total current rent is now €4 million per annum, an increase of €1.56 million on the €2.44 million it had been generating in 2021. The M1 scheme also includes Mellview House, a four-storey building comprising office space, a gym operated by Gym Plus and a number of other smaller retail units. Another building known as the Pavilion is home to Costa Coffee, TC Matthews and Lanu Medi Spa. M1 Retail Park also includes lands extending to 11 hectares (27 acres) and comprises three adjoining plots with proposed zoning under the Draft Louth County Development Plan 2021-2027 for three uses, namely A2 New Residential, C1 Mixed Use and B4 District Centre. Poppyfield Retail Park extends to 12,821sq m (138,000sq ft) and comprises a mix of 14 retail warehousing units, a neighbourhood centre and 393 car-parking spaces. The park is 99 per cent occupied and anchored by Woodie's DIY and SuperValu. Other tenants include Harry Corry, Maxi Zoo, EZ Living, World of Wonder and DID Electrical. The neighbourhood centre is occupied by Costa Coffee and Sam McCauley, along with a hair and beauty studio and fish-and-chips operator. The total current rental income is €1.6 million per annum, an increase of €170,000 on the €1.43 million it had been generating in 2021. The Trinity Collection will be Realty Income Reit's third investment in Ireland to date. The US investor made its first acquisition here in 2023, when it paid Eden Capital €45.9 million for CityEast Retail Park in Limerick and Blackwater Retail Park in Navan, Co Meath. Its second and most valuable acquisition (the Oaktree portfolio) took place earlier this year, and saw it secure ownership of an eight-strong portfolio of retail parks comprising Navan Retail Park; Bray Retail Park; Sligo Retail Park; Waterford Retail Park; Naas Retail Park; Drogheda Retail Park, Gateway Retail Park in Galway, and Parkway Retail Park in Limerick. Oaktree had acquired the retail parks through its subsidiary, Targeted Investment Opportunities (TIO), in a series of transactions between 2015 and 2017.
Irish Times
3 days ago
- Business
- Irish Times
Fully let Tallaght retail investment for €1.6m offers buyer 10.25% yield
Agent Cushman & Wakefield is guiding a price of €1.6 million for Fortunestown Shopping Centre, a fully let neighbourhood retail investment in Tallaght , southwest Dublin . Located 1.5km west of Tallaght town centre and 1.5km southeast of Citywest business campus, the investment comprises seven convenience-focused retail units with about 80 surface car-parking spaces, on a site of circa 1.29 acres (0.52 hectares). While the centre is anchored by a SuperValu outlet, this unit was sold on a long leasehold and is excluded from the current sale. The leaseholder continues to contribute to service charges and insurance, however. Fortunestown Shopping Centre's current tenant line-up includes national and international brands, including Hickeys Pharmacy and Ladbrokes, accounting for approximately 40 per cent of the current annual rental income of €180.560. The remaining units are occupied by long-standing local tenants, including a newsagent, a hair-and-beauty salon, a Chinese takeaway, chip shop and a delicatessen. The tenant covenants are underpinned by a weighted average unexpired lease term of 10 years to expiry and eight years to break. [ Rathcoole site with full planning for six industrial units seeks €6.55m Opens in new window ] [ Refurbished distribution warehouse in north Dublin available to let Opens in new window ] The €1.6 million guide price equates to a net initial yield of 10.25 per cent, assuming standard purchaser costs of 9.96 per cent. READ MORE Adam Ghee of Cushman & Wakefield says: 'Fortunestown Shopping Centre offers an opportunity to acquire an essential neighbourhood retail scheme in a densely populated residential area. With excellent lease terms, secure long-standing tenants and a strong local catchment, we expect strong interest from private investors, family offices and funds targeting stable, long-term income.'
Yahoo
3 days ago
- Business
- Yahoo
$428.95 Bn Industrial Real Estate Market Opportunities and Strategies to 2034: Asia-Pacific Takes Center Stage as Largest Contributor to Industrial Real Estate
The global industrial real estate market is projected to grow from $265.84 billion in 2024 to $347.45 billion by 2029, with Asia-Pacific leading the surge. Key growth drivers include e-commerce expansion, supply chain optimization, and logistics. Warehousing and small markets are the fastest-growing segments, while strategic partnerships offer significant opportunities. Coldwell Banker Real Estate LLC and Cushman & Wakefield are major players. The market is poised for growth through strategic partnerships and emerging market expansion, according to the report. Industrial Real Estate Market Dublin, June 17, 2025 (GLOBE NEWSWIRE) -- The "Industrial Real Estate Market Opportunities and Strategies to 2034" report has been added to report describes and explains the industrial real estate market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region. The global industrial real estate market reached a value of nearly $265.84 billion in 2024, having grown at a compound annual growth rate (CAGR) of 3.56% since 2019. The market is expected to grow from $265.84 billion in 2024 to $347.45 billion in 2029 at a rate of 5.50%. The market is then expected to grow at a CAGR of 4.79% from 2029 and reach $438.95 billion in in the historic period resulted from the increasing infrastructure development, increasing construction activities and increased industrialization. Factors that negatively affected growth in the historic period were rising construction material costs and rising energy costs. Going forward, the increasing e-commerce growth, supply chain optimization, cold storage and logistics growth and favorable government support will drive the growth. Factor that could hinder the growth of the industrial real estate market in the future include regulatory zoning and restrictions and interest rate was the largest region in the industrial real estate market, accounting for 36.15% or $96.1 billion of the total in 2024. It was followed by North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the industrial real estate market will be Asia-Pacific and Eastern Europe where growth will be at CAGRs of 6.68% and 5.39% respectively. These will be followed by Africa and Western Europe where the markets are expected to grow at CAGRs of 5.37% and 5.15% top ten competitors in the market made up to 9.40% of the total market in 2023. Coldwell Banker Real Estate LLC was the largest competitor with a 2.24% share of the market, followed by Cushman & Wakefield Inc. with 2.12%, JLL (Jones Lang LaSalle). with 1.65%, Prologis Inc. with 0.61%, Ares Management Corporation. with 0.61%, Colliers International Group Inc. with 0.57%, Brookfield Corporation with 0.49%, Goodman Group. with 0.39%, CBRE Group. with 0.38% and Avison Young with 0.32%.The industrial real estate market is segmented by product into industrial, retail, office and warehousing. The warehousing market was the largest segment of the industrial real estate market segmented by product, accounting for 40.57% or $107.85 billion of the total in 2024. Going forward, the warehousing segment is expected to be the fastest growing segment in the industrial real estate market segmented by product, at a CAGR of 7.56% during industrial real estate market is segmented by application into manufacturing, distribution, logistics, research and development, data centers and other applications. The manufacturing market was the largest segment of the industrial real estate market segmented by application, accounting for 30.09% or $79.98 billion of the total in 2024. Going forward, the data centers segment is expected to be the fastest growing segment in the industrial real estate market segmented by application, at a CAGR of 7.04% during industrial real estate market is segmented by size into small, medium and large. The small market was the largest segment of the industrial real estate market segmented by size, accounting for 45.30% or $120.43 billion of the total in 2024. Going forward, the small segment is expected to be the fastest growing segment in the industrial real estate market segmented by size, at a CAGR of 5.97% during top opportunities in the industrial real estate markets segmented by product will arise in the warehousing segment, which will gain $47.4 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by size will arise in the small segment, which will gain $40.5 billion of global annual sales by 2029. The top opportunities in the industrial real estate markets segmented by application will arise in the manufacturing segment, which will gain $22.67 billion of global annual sales by 2029. The industrial real estate market size will gain the most in the USA at $16.48 strategies for the industrial real estate market include focus on developing strategic partnerships, such as real estate management solutions. Player-adopted strategies in the industrial real estate market include focus on strengthening its business operations through new franchise launches and through strategic take advantage of the opportunities, the analyst recommends the industrial real estate companies to focus on warehousing to capitalize on rapid market growth, expand in emerging markets, continue to focus on developed markets, focus on developing strategic partnerships to expand distribution channels, focus on optimizing pricing strategies for industrial real estate, focus on leveraging digital channels to reach target audiences, focus on building relationships with key stakeholders and focus on targeting key end-user segments in industrial real Market Trends Strategic Partnerships Driving Growth in Industrial Real Estate Markets Covered: Product: Industrial; Retail; Office; Warehousing Size: Small; Medium; Large Application: Manufacturing; Distribution; Logistics; Research and Development; Data Centers; Other Applications Key Attributes: Report Attribute Details No. of Pages 314 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $265.84 Billion Forecasted Market Value (USD) by 2034 $438.95 Billion Compound Annual Growth Rate 5.1% Regions Covered Global Companies Featured Coldwell Banker Real Estate LLC. Cushman & Wakefield Inc. JLL (Jones Lang LaSalle) Prologis Inc. Ares Management Corporation Colliers International Group Inc. Brookfield Corporation Goodman Group CBRE Group Avison Young Mitsui O.S.K. Lines, Ltd. (MOL) ESR Group Limited Industrial Investment Trust Limited (IITL) Actis Mahindra Lifespaces Bhoomilap Pvt Ltd. Hulic Co. Lendlease Corporation Centuria Capital Group Sattva Group Jababeka Group Bain Capital DNE Group China Merchants Shekou Industrial Zone Holdings Co., Ltd. Sino-Ocean Group Holding Limited China Merchants Property Development Co., Ltd. Shui On Land Limited Hang Lung Group China Overseas Land and Investment Limited (COLI) China Vanke Co., Ltd. China Resources Land Limited Seibu Holdings Mitsubishi Estate Co., Ltd Mitsui Fudosan Co., Ltd. Taisei Corporation Sumitomo Realty & Development Co., Ltd. Tokyu Land Corporation Nomura Real Estate Holdings, Inc. Mori Trust Co., Ltd. Warburg Pincus IGIS Asset Management Dongbu Corporation Booyoung Group ShinYoung Greensys Taekwang Industrial Co., Ltd. ESR Kendall Square REIT Co. Ltd Business Immo Oxford Economics Hutcheon Mearns Ltd Arcapita SEGRO Logicor Colliers Baltic Samolet Group Accolade Holding CPI Property Group Prologis GLP Panattoni P3 Logistic Parks Knight Frank M7 Real Estate Summit Realty Ventures, LLC Investcorp Jones Lang LaSalle Incorporated Sealy & Company LLC Exeter Property Group LLC Hillwood Development Company Rexford Industrial Realty Inc. First Industrial Realty Trust Inc. EastGroup Properties Inc Terreno Realty Corporation Dermody Properties LLC Bridge Development Partners LLC Conor Commercial Real Estate CenterPoint Properties Lincoln Property Company Clarion Partners Patria Investments Limited SalfaCorp Odebrecht JHSF Participacoes S/A Andrade Gutierrez BR Properties Sonda Terranum IRSA Inversiones y Representaciones Reches Real Estate TECOM Group Newmark Group, Inc Agility Logistics Yusuf Bin Ahmed Kanoo Group Gav-Yam Emaar Properties Aldar Properties Saudi Industrial Property Authority - MODON Dubai Investments PJSC Manazel Real Estate Al Mazaya Holding LMD Madinet Masr for Housing and Development SAE Chagoury Group Murray & Roberts Aden Group RMB Westport Palm Hills Developments Jumia Properties For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Industrial Real Estate Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
