International. According to information published by the New York Times, one of the largest real estate firms in the world, Cushman & Wakefield, would be close to being put up for sale. The company, which acts as an intermediary, developer, administrator and financial manager of office buildings around the globe, could reach a sales figure of at least $2 billion.
Founded in New York in 1917 by J. Clydesdale Cushman and Bernard Wakefield, who were brothers-in-law, C&W currently has offices in 60 countries and employs more than 16,000 people.
According to New York Times sources, the owners of Cushman & Wakefield hope to find a financial buyer, such as a private equity firm or investment fund that wants to acquire the company that in 2014 reported one of its best years at the income level.
However, company spokespersons stated that "the evaluation of possible options for our portfolio of companies – including business divestments, combinations, acquisitions and other financial and strategic alternatives – is fully consistent with our investment activity."
"There is currently no disclosure or any assurance that such an assessment may result in any transaction involving Cushman & Wakefield."
