Smith Brothers Group will expand the firm’s facilities services in
Australia
SYDNEY--(BUSINESS WIRE)--
Cushman & Wakefield (NYSE: CWK) today announced the acquisition of one
of South Australia’s largest trade services businesses, Smith Brothers
Group (Smith Brothers), comprising 200 people, enhancing the company’s
facilities services across Australia and New Zealand. The team will join Cushman & Wakefield’s Australian occupier services business and be part of the company’s Global Occupier Services platform. Globally, Cushman & Wakefield currently manages 3.6B SF across core services of property, facilities and project management.
The acquisition of Smith Brothers, one of the largest private services
groups in South Australia with a national portfolio of 6,000 customers
complements Cushman & Wakefield’s existing national team of more than
1,800 property professionals, supporting one of Australia’s largest
occupier portfolios with more than 9 million sqm under management. As
part of the acquisition, Smith Brothers founder, Chris Smith, will lead
Cushman & Wakefield’s trade services business in Australia and New
Zealand.
Matthew Bouw, Chief Executive Officer, Asia Pacific, Cushman &
Wakefield, said: “I am thrilled to welcome Chris Smith and the team
to Cushman & Wakefield. This acquisition combined with our 27,000+
facilities management associates globally, advances our ability to
deliver the highest quality, globally integrated services to major
occupier clients in any market across the world.”
James Patterson, Chief Executive, Australia and New Zealand, Cushman
& Wakefield, commented: “This acquisition not only expands
occupier services with an additional 200 staff in South Australia, it
also adds to the current depth of experience and capability in
education, government and health.
“In addition, Smith Brothers Group’s innovative use of technology will
complement Cushman & Wakefield’s global technology platform, to build a
more robust, truly integrated, end-to-end property service for our
current and future clients,” Mr. Patterson said.
Chris Smith, Smith Brothers founder and newly appointed Head of Trade
Services, Cushman & Wakefield, said: “We see tremendous value
for Smith Brothers clients and staff in joining Cushman & Wakefield. The
two companies present a great cultural fit, leveraging the innovative
and agile operating model of Smiths Brothers to expand Cushman &
Wakefield’s trades business across Australia and New Zealand and to
better serve our clients.
“Improvement in technology is continually enabling new ways of working
in trade and facilities services and this will further transform the
industry in 2019. The combined business now has an enhanced capability
to deploy the latest technology and data-backed reporting methods to
support the direct and outsourced delivery of trade services, and this
will set Cushman & Wakefield apart,” Mr. Smith said.
Source: Cushman & Wakefield
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 51,000 employees in approximately 400 offices and 70
countries. In 2018, the firm had revenue of $8.2 billion across core
services of property, facilities and project management, leasing,
capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or
follow @CushWake on
Twitter.
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Fergus Ross
Director, Six Degrees
+61 420 980 448
fergus.ross@6-degrees.com.au
Source: Cushman & Wakefield