CWK

Cushman & Wakefield Appointed by Standard Chartered Bank to Deliver Property Services across Asia and Global Asset and Transaction Management

Retrieved on: 
Thursday, April 18, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announces that it has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11m square foot global real estate portfolio.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announces that it has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11m square foot global real estate portfolio.
  • The five-year mandate will encompass global Asset & Transactions Management and Property Services across Asia, including Integrated Facilities Management, Project & Design Management Services, Space Planning, Occupancy Management, Health, Safety and Wellbeing and Physical Security and will take effect from 1 July 2024.
  • In support of delivering a best-in-class corporate, investment, wealth and retail banking experience, Cushman & Wakefield will be key in accelerating the Bank’s client strategy across its physical and digital networks.
  • We are excited to strengthen joint capabilities to seize opportunities ahead and look forward to delivering excellence for the Bank and our clients in 2024 and beyond,” said Shelley Boland, Global Head, Property, Standard Chartered Bank.

Cushman & Wakefield to Release First Quarter 2024 Earnings on April 29

Retrieved on: 
Wednesday, April 10, 2024

Cushman & Wakefield (NYSE: CWK) will release its first quarter 2024 financial results after the close of trading at 4:05 p.m.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK) will release its first quarter 2024 financial results after the close of trading at 4:05 p.m.
  • ET on Monday, April 29, 2024.
  • Management will host a conference call following the release at 5:00 p.m.
  • ET on Monday, April 29, 2024, to discuss the financial results.

Cushman & Wakefield Successfully Completes Term Loan Repricing; Prepays $50 million of Total Debt Outstanding

Retrieved on: 
Tuesday, April 9, 2024

Cushman & Wakefield (NYSE: CWK) today announced that it has successfully completed a repricing of $1.0 billion of its Term Loan (“Term Loan”) due 2030.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK) today announced that it has successfully completed a repricing of $1.0 billion of its Term Loan (“Term Loan”) due 2030.
  • The repricing reduces the applicable interest rate on the $1.0 billion of Term Loan issued in August 2023 by 25bps from Term SOFR plus 4.00% to Term SOFR plus 3.75%.
  • There are no changes to the maturity of the Term Loan following this repricing and all other terms are substantially unchanged.
  • Additionally, the Company announced that during the first quarter it elected to prepay $50 million of its Term Loan due 2025.

Cushman & Wakefield Appoints Luke Herbert as Global Treasurer

Retrieved on: 
Monday, April 8, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced Luke Herbert has joined the firm as Senior Vice President, Global Treasurer.
  • “I am thrilled to welcome Luke to Cushman & Wakefield as our new Global Treasurer.
  • Herbert joins Cushman & Wakefield from GXO Logistics, where he served as Vice President, Assistant Treasurer, responsible for cash management, liquidity planning, capital structure strategy and financial risk management globally.
  • 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.

Cushman & Wakefield Selected by MIT for Generative AI and the Work of the Future Study

Retrieved on: 
Friday, April 5, 2024

Cushman & Wakefield (NYSE: CWK) announced today that the commercial real estate services firm will participate in the MIT Working Group on Generative AI and the Work of the Future.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK) announced today that the commercial real estate services firm will participate in the MIT Working Group on Generative AI and the Work of the Future.
  • This initiative, led by the Massachusetts Institute of Technology (MIT), aims to explore the implications of generative AI on the future of work.
  • Generative AI tools have sparked widespread interest and debate regarding their potential to revolutionize various industries, from technology to customer service.
  • Cushman & Wakefield joins esteemed companies such as IBM and Liberty Mutual in this endeavor, demonstrating a collective commitment to embracing AI to shape the future of work.

Cushman & Wakefield Appoints Jessica Francisco as Its First Chief Sustainability Officer

Retrieved on: 
Thursday, April 4, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, is pleased to announce the appointment of Jessica Francisco as the company’s first chief sustainability officer (CSO).

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, is pleased to announce the appointment of Jessica Francisco as the company’s first chief sustainability officer (CSO).
  • In this new role, Francisco will report to the company’s chief investment & strategy officer.
  • View the full release here: https://www.businesswire.com/news/home/20240404654738/en/
    Jessica Francisco, Cushman & Wakefield Chief Sustainability Officer (Photo: Business Wire)
    “This new CSO role reflects the firm’s commitment to advancing sustainability not only for our own operations but also through the strategic advice and services we provide our clients,” said Cushman & Wakefield’s Chief Investment & Strategy Officer Nathaniel Robinson.
  • Prior to joining Cushman & Wakefield, Francisco was head of sustainability at Arcadis U.S., where she led their regional sustainability program and environmental, health, safety, and sustainability advisory practice.

Cushman & Wakefield Recognized by Newsweek as One of America’s Greatest Workplaces for Women

Retrieved on: 
Thursday, March 28, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group, receiving a top score with a five-star rating.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been recognized as one of America’s Greatest Workplaces for Women 2024 by Newsweek and Plant-A Insights Group, receiving a top score with a five-star rating.
  • “We are incredibly proud that Cushman & Wakefield has been recognized as one of America’s Greatest Workplaces for Women,” said Cushman & Wakefield Chief Diversity, Equity and Inclusion Officer Nadine Augusta.
  • Across our firm, the percentage of women in executive roles more than doubled from 19% in 2020 to 41% in 2022.
  • To that end, Newsweek and Plant-A Insights are proud to introduce America's Greatest Workplaces 2024 For Women."

Cushman & Wakefield Named Energy Star® Partner of the Year for 12th Consecutive Year

Retrieved on: 
Tuesday, March 26, 2024

Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, has received the 2024 ENERGY STAR® Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA).

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, has received the 2024 ENERGY STAR® Partner of the Year—Sustained Excellence Award from the U.S. Environmental Protection Agency (EPA).
  • This marks the 12th consecutive year that the firm has been named an ENERGY STAR Partner of the Year, and the 10th consecutive year that it has received the Sustained Excellence distinction, demonstrating outstanding leadership year-over-year.
  • ENERGY STAR award winners lead their industries in the production, sale and adoption of energy-efficient products, homes, buildings, services and strategies.
  • A complete list of 2024 winners and more information about ENERGY STAR’s awards program is available here .

Cushman & Wakefield Named to IAOP® Global Outsourcing 100® List for 13th Consecutive Year

Retrieved on: 
Wednesday, March 20, 2024

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been named to The Global Outsourcing 100® list in the Leader category for large established global firms by the International Association of Outsourcing Professionals® (IAOP®) for the 13th consecutive year.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has been named to The Global Outsourcing 100® list in the Leader category for large established global firms by the International Association of Outsourcing Professionals® (IAOP®) for the 13th consecutive year.
  • The Global Outsourcing 100 recognizes excellence and continuous improvement among service providers and advisors from industries including real estate and capital asset management, manufacturing and logistics, facility services, information technology, and business process outsourcing.
  • “We are proud that IAOP has again named Cushman & Wakefield one of the world’s best outsourcing service providers.
  • Cushman & Wakefield’s outsourcing services include integrated facilities management, space and occupancy planning, project and development services (PDS), portfolio strategy, transaction management, strategic consulting, engineering and operations, lease administration, workplace experience, and sustainability services.

Cushman & Wakefield Appoints Jennifer McPeek and Raj Vennam to Board of Directors

Retrieved on: 
Monday, March 18, 2024

Cushman & Wakefield (NYSE: CWK) today announced the appointments of Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK) today announced the appointments of Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240318095052/en/
    Jennifer McPeek appointed to the Board of Directors of Cushman & Wakefield (Photo: Business Wire)
    McPeek brings more than 20 years of executive experience in the financial services industry.
  • McPeek currently serves on the board of directors of Cboe Global Markets, Inc. and on the Board of Trustees of First American Funds Trust.
  • “Jennifer and Raj are highly accomplished executives who bring a wealth of expertise in finance and strategy to Cushman & Wakefield.