Financial services journal Euromoney has again named Cushman & Wakefield the top commercial real estate agency, with a clean sweep of wins in the four categories of Overall Agency, Valuation, Letting/Sales and Research.
Now in its 17th year, Euromoney’s annual Real Estate Survey canvasses thousands of industry professionals, investors and corporate end-users worldwide to determine the best providers of real estate products and services in each market.
The 2021 survey marks the fourth consecutive year for Cushman & Wakefield to be named the top adviser and consultant globally, and the third time in the past four years that the firm has secured the top spot overall in Asia Pacific. This year the firm also led the pack in markets including mainland China, Hong Kong, Taiwan, Japan, India, the Philippines and Vietnam.
“I am extremely proud of our achievements at the Euromoney Awards,” said Matthew Bouw, Cushman & Wakefield’s chief executive officer for Asia Pacific. “Despite the unique and often difficult challenges this past year as we navigated the evolving pandemic situation, we remained committed to our deeply embedded client-centric philosophy. The wonderful recognition from Euromoney is a fitting reward for our teams’ ongoing commitment and laser focus as they support and service our clients, whilst raising the bar for professionalism in our industry. I would like to offer a huge thanks both to our teams in recognition of their hard work, and to our clients for their ongoing support and the trust they place in us every day. Our overall wins in Asia Pacific and globally underscore our approach to providing best-in-class quality client services across all markets worldwide.”
The Euromoney recognition comes amid a positive period for Cushman & Wakefield, with second-quarter financial results indicating accelerating business momentum. The firm’s fee revenue of US$1.6 billion was up 34 percent year-on-year, a second-quarter record for the firm. Brokerage fee revenue, including leasing and capital market businesses, was up 89 percent compared to 2020, returning to pre-COVID-19 levels, according to the firm.
Celebrating Impressive Greater China Awards Success for 2021
“We’re honored that Euromoney has named Cushman & Wakefield the top CRE advisor and consultant in China four times,” commented KK Chiu, Chief Executive for Greater China. “The No.1 ranking across all relevant categories reinforces our culture of excellence and market-leading position across Greater China. Going forward, we will sharpen our focus even further on our clients’ needs and ensure that we continue to set the highest industry standards as we continue to grow in this important market.”
Earlier this year, Cushman & Wakefield was also ranked the No.1 commercial real estate investment brokerage in mainland China for the third consecutive year by Real Capital Analytics, and picked up seven prizes at the 2021 Asia Pacific Property Awards, comprising:
- Five Star Award — Best Property Agency/Consultancy China
- Five Star Award — Best Real Estate Agency 5-20 Offices China
- Five Star Award — Best Lettings Agency China
- Five Star Award — Best Property Agency/Consultancy Marketing China — Ningbo Guohua Financial Center
- Award Winner — Real Estate Agency Marketing, China — Shanghai Fuyuan Landmark Plaza Building
- Award Winner — Property Agency/Consultancy Marketing, China — Shanghai Sanlin InCity
- Award Winner — Property Agency/Consultancy Website, China
Also in 2021, RICS China awarded Cushman & Wakefield:
- Winner — Best Deal of the Year — Suntec Place Sanlin retail project
- Winner — Professional Consultancy Service Team of the Year — Real Estate
- Winner — Research Team of the Year
- Winner — Real Estate Financing Innovation Achievement of the Year
Cushman & Wakefield has also gained broader recognition in the community, including being voted as the second most attractive employer in Hong Kong in the Randstad 2021 Employer Brand Research (REBR) survey. The firm scored top marks in the criteria of work-life balance, positive work culture, career progression and a COVID-secure work environment.