DTZ Sherry FitzGerald and Cushman & Wakefield, a leading global real estate services firm, has announced that DTZ Sherry FitzGerald will be Cushman & Wakefield’s exclusive affiliate in the Republic of Ireland (Ireland ) and will be rebranded as Cushman & Wakefield. The formal affiliate appointment follows the 2015 global merger of Cushman & Wakefield and DTZ. Sherry FitzGerald Group had been DTZ’s Irish partner since 1998.
The partnership, announced yesterday, brings together Cushman & Wakefield’s global platform and Sherry FitzGerald’s deep expertise across Ireland’s commercial property market.
Cushman & Wakefield is a top three global real estate services firm, with some 43,000 employees in more than 60 countries, recorded revenue of over $5 billion, 4.3 billion sq ft under management, and $191 billion in global transactions. In the UK, Cushman & Wakefield, headquartered in London, has 2,000 employees and offices in all the key UK cities.
The Sherry FitzGerald Group business has 650 employees in 97 offices and a presence in every county in Ireland. The newly branded Cushman & Wakefield has a 100-strong team working out of offices in Dublin, Cork, Limerick, and Galway.
“Today’s announcement is a very significant watershed for our business," Aidan Gavin, managing director of Cushman & Wakefield Ireland, said yesterday. "This is more than a rebranding exercise, it gives us access to many new services and opportunities driven by the scale of the merged Cushman & Wakefield business. Being the Irish arm of one of the top three global firms gives us access to many more occupier enquiries, finance, market intelligence, research and experts, than ever before. One of our new service areas, is the substantial debt advisory services which Cushman & Wakefield offers, this is a new offering for us that is now an integral part of every property transaction.”
Colin Wilson, head of UK and Ireland for Cushman & Wakefield, said: “Ireland has steadily emerged from a recession stronger than before, and it is a very important market for us. Sherry FitzGerald Group is Ireland’s largest, fully diversified property advisory firm servicing residential and commercial property markets and a leader in the field. We have a longstanding relationship with the firm and many successful deals behind us already. With a Cushman & Wakefield office in the core cities of Dublin, Cork, Limerick, and Galway, supported by 97 Sherry FitzGerald offices nationally, we are confident that we have the strength and expertise in the Irish market, coupled with the opportunities we can bring through our global client list, to further build our business and extend our client offering.”