Market Overview

Cushman & Wakefield Acquires Inc RE Australia


This Milestone Acquisition Bolsters Cushman & Wakefield's Capital
Markets Platform in the Region and Globally

Cushman & Wakefield, a leading global real estate services firm, today
announced it has finalized the acquisition of Inc RE, a top Australian
Capital Markets firm specializing in commercial sales, acquisitions and
investment advisory. The team will join Cushman & Wakefield's Capital
Markets Australian platform and be part of the company's global Capital
Markets network.

"I am delighted to welcome the Inc RE team to Cushman & Wakefield.
Today's announcement further strengthens our position as a leading
Capital Markets firm globally and highlights the power of our brand and
culture to attract the best talent. With the combination of our global
Capital Markets professionals and the recent acquisition of Inc RE,
Cushman & Wakefield is placed to deliver superior results for clients in
key markets across the globe," said Matthew Bouw, Chief Executive
Officer, Asia Pacific at Cushman & Wakefield.

Cushman & Wakefield's Australian Capital Markets practice will be led by
Josh Cullen, Inc RE principal. The team will comprise 14 brokers focused
on institutional sales, international investments, acquisitions and
investment advisory. Cullen will be supported by Rick Butler and leading
brokers Steve Kearney and Mark Hansen.

Commenting on this milestone acquisition, James Patterson, Chief
Executive, Australia and New Zealand said, "The acquisition complements
our local Capital Markets platform and creates momentum for us in the
Capital Markets landscape nationally. It provides us with opportunities
to accelerate the growth of the company's broader commercial real estate
business, particularly in Asset Services and Agency Leasing. It also
complements our occupier business, which is one of the strongest in the
country with 70+ contracted accounts."

Josh Cullen, newly appointed International Director and Head of Capital
Markets, Australia and New Zealand, Cushman & Wakefield, said, "The
attraction to our business is the Cushman & Wakefield global platform,
and more importantly its strong global focus on Capital Markets. The
firm's recent hires have seen them rise to the top in the U.S. and
European markets in relatively quick succession. We want to do the same
in Asia Pacific and continue to build the Australian business. With the
continued globalization of real estate investment capital, we see it as
an opportunity to connect Australian clients and investment products to
global capital sources."

In addition to Josh Cullen, Rick Butler, Steve Kearney and Mark Hansen,
Claire Zouroudis, Charles Long and Lisa Lee also will join the Cushman &
Wakefield Capital Markets practice based in Sydney. Inc RE's total
transactions completed in the span of 18 months total US$2.25 billion.

Notes to editor

Some of Cushman & Wakefield's recent global transactions include Chelsea
Market, NYC, US$2.4bn; LinkReit Shopping Mall Portfolio, Hong Kong,
US$2.95bn; One Astor Plaza, NYC, US$1.95bn; Walkie Talkie Building (20
Fenchurch St) London, US$1.7bn; Leadenhall Building, London, US$1.48bn;
8 Bay East, Hong Kong US$1.2bn; Clearwater Bay, Hainan, US$950mn; 80-82
Quai Michelet, Paris, US$811.2mn; Metropolitan Plaza, Guangzhou,
US$590mn; and Twenty Anson, Singapore, US$377mn.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that
delivers exceptional value by putting ideas into action for real estate
occupiers and owners. Cushman & Wakefield is among the largest real
estate services firms with 48,000 employees in approximately 400 offices
and 70 countries. In 2017, the firm had revenue of $6.9 billion across
core services of property, facilities and project management, leasing,
capital markets, valuation and other services. To learn more, visit
or follow @CushWake
on Twitter.

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