Deals
Cushman & Wakefield Seeks Acquisitions to Boost Asia Growth
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Cushman & Wakefield Inc., the largest closely held commercial real-estate broker, is seeking acquisitions in Asia as it aims to double the region’s sales contribution, Chief Executive Officer Glenn Rufrano said.
The company plans to increase the proportion of revenue from Asia to 20 percent of total sales in five years from the current 10 percent, Rufrano said in an interview in Tokyo yesterday. Cushman & Wakefield is currently in talks with three companies to acquire in Asia, said regional CEO Sanjay Verma, declining to elaborate as the information is private.