Real estate service provider Cushman & Wakefield today announced the appointment of Mark Suchy to the position of Director, Capital Markets, East China.
Based in Shanghai, Suchy will be charged with leading the US-based firm’s Capital Markets team in Eastern China, and will be responsible for advising and assisting clients on both the acquisition and disposal of en bloc commercial assets throughout the region.
Suchy is rejoining Cushman & Wakefield after an abbreviated stint of just 18 months at rival agency CBRE. Cushman & Wakefield has been aggressively adding senior team members over the last year, since Jonathan Davis took the helm of the privately-owned company’s Shanghai operations in 2013, and later all of China. The native of Canada had previously served as Director of Investment for Cushman from 2010 through 2012, before jumping ship for CBRE.
CBRE has faced significant struggles with stability among the senior members of its investment services division over the last 18 months, with five director-level executives having left the company’s China operations during the period. A source familiar with the real estate services company’s China operations estimated that its investment team in China currently has a total headcount of not more than 15 people.
Commenting on Suchy’s return, John Stinson, Executive Managing Director of Capital Markets for Asia Pacific at Cushman & Wakefield said: “Mark has extensive knowledge of managing all aspects of investment transactions, and is well known for exceeding his client’s expectations. We believe his appointment will further extend our capital markets service platform.”
According to a statement from Cushman & Wakefield, Suchy has over 10 years’ experience in real estate in the China market and has managed eight high-profile investment transactions in the last three years, including three large-scale outbound transactions in Canada and the U.S. in his last 18 months.