Cushman & Wakefield has acquired the entire share capital of Cogest Retail, a retail asset services and leasing firm with a portfolio of 51 shopping centres and retail parks across Italy.
Cogest Retail will be integrated into C&W’s EMEA Asset Services business, which already operates in the office and logistics sectors. The consolidated business will manage around 37m sq ft of floor space in Italy.
Joachim Sandberg, head of Italy and the Southern Europe region at Cushman & Wakefield, said: “Our business is driven by our people so it gives me great pleasure to welcome 150 new professionals to the global Cushman & Wakefield team.”
Carmen Chieregato, managing director of Cogest Retail, said: “For over 20 years Cogest has recorded uninterrupted growth, developing exclusive tools and investing in quality and research. This acquisition gives us the opportunity to combine our successful business model with Cushman & Wakefield’s experience.”
John Forrester, EMEA chief executive of Cushman & Wakefield, said: “The acquisition of Cogest Retail is consistent with our commitment to profitably grow the scale and performance of our substantial EMEA business. We will continue to strengthen our capabilities across the region to ensure we have the best people and platform to deliver outstanding results for our clients.”