Cushman & Wakefield, a global leader in commercial real estate services, announced today the successful launch of a new Asset Services platform with three service areas, namely Property Management, Facilities Management and the newly-established Asset Management. Greater China Asset Services will be led by Johnson Yip. Meanwhile, Allan Zhang will be appointed as Head of Asset Management, Greater China, leading the team to provide clients with new, larger-scale professional real estate services.
The creation of this new Asset Management platform is an important strategic action taken by Cushman & Wakefield in response to the ever-evolving needs of clients and the company’s business development. With an increasing number of developers switching to an “asset-light” model in the past two years, more and more commercial properties are being acquired by funds, generating demand for asset management services. The ongoing transformation of state-owned enterprises in China is also increasing the need for improved asset management and optimized asset allocation. To better align with market demand, the new Asset Management will provide life-cycle professional services for property assets to improve property rental income and maximize asset value. At present, the services are expected to focus on asset upgrading/remodeling/renovation, tenant mix optimization, operations & property management, and related areas.
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. In Greater China, the firm has a co-branded presence under the name of DTZ/Cushman & Wakefield and operates 20 offices in the region. Cushman & Wakefield is among the largest commercial real estate services firms with revenues of US$5 billion across core services of agency leasing, asset services, capital markets, facility services, global occupier services, investment & asset management, project management, tenant representation and valuation & advisory.
SIBF member Doug Rothschild (FL, '14) currently serves as Executive Managing Director at Cushman & Wakefield.