Cushman & Wakefield Acquires Sheffield Property and Sheffield Asset Management in Australia

By Our Reporter
Representational image // Photo by Sean Pollock on Unsplash

Cushman & Wakefield, a leading global commercial real estate services firm, has acquired Sheffield Property (WA) Pty Ltd. and Sheffield Asset Management Pty Ltd. (“Sheffield”), a reputable office leasing and property management agency based in Perth, Western Australia. The acquisition further strengthens Cushman & Wakefield’s well established and complete service commercial real estate platform across Australia and the Asia Pacific region.

“I am delighted to welcome the Sheffield team to Cushman & Wakefield. This acquisition is a perfect fit for Cushman & Wakefield in Western Australia as it combines Sheffield’s strong leasing, development and asset services businesses with our best-in-class facilities management, project management, valuations and advisory services businesses. The expanded platform significantly enhances our ability to offer a full complement of services that support the real estate needs of both our investor and occupier clients and also sharpens Cushman & Wakefield’s competitive edge in Western Australia,” said Matthew Bouw, Chief Executive Officer, Asia Pacific at Cushman & Wakefield.

Sheffield is well-recognised in Western Australia’s office leasing, development, and property management services. It has successfully completed project leasing campaigns for ten new office developments built in Perth for many blue-chip developers over the past nine years.

Mark Clapham and Digby Sutherland, who led Sheffield, have been appointed to lead Cushman & Wakefield’s Western Australian Commercial Real Estate (CRE) business, working closely with the Australian leadership team.

Since 2015, Cushman & Wakefield has grown significantly in Australia both organically and by acquiring leading businesses that extend its capability and interstate service coverage. The latest acquisition is Cushman & Wakefield’s fifth in seven years in Australia, after acquiring national capital markets business Inc RE, Knight Frank’s NSW valuations business, Wright Property in Queensland, and trades services business, Smith Brothers, in South Australia.

Simon Fenn, Managing Director, Australia & New Zealand, Cushman & Wakefield, said, “We are delighted to have Sheffield’s high calibre leaders and dealmakers, Digby and Mark, leading our Western Australian business. A shared institutional client base, a focus on client service and strong cultural alignment were key drivers behind this strategic acquisition, which will rapidly accelerate our growth in the Western Australian market.”

Jon McCormick, Head of IFM and Asset Services, Australia & New Zealand, Cushman & Wakefield, said, “This acquisition further strengthens our national reach and strong linkages across the Asia Pacific. We are already supporting blue-chip Perth-based clients and are well-positioned to expand further.”

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