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Global real estate adviser Cushman & Wakefield has announced the recruitment of seven leading partners from Catella Corporate Finance in Sweden to significantly bolster its capital markets presence in Sweden and the Nordic region.
This move by Cushman & Wakefield is aligned with its global strategy to ensure the business is a best-in-class service provider in all key real estate markets and gateway cities around the world.
Widely regarded as being the market leaders for providing Swedish real estate investment advice, Anders Nordvall, Thomas Persson, Niklas Zuckerman, Per Hagman, Daniel Anderbring, Ola Jacobsson and Erik Dansbo will join the business at partner-level. Anders Nordvall will become the CEO of Cushman Wakefield in Sweden. The current Swedish CEO, Magnus Lange, will remain in post until the end of the year.
Although currently dominated by domestic investors, Sweden is increasingly being targeted by international capital. This move will enable the new partners to tap into real estate capital flows from Asia, the Americas and Europe as they will form an integral part of Cushman & Wakefield’s highly regarded global investment team. They will also work closely with Jan-Willem Bastijn, Cushman & Wakefield’s head of EMEA capital markets and Koen Nevens, the business’ Benelux and Sweden chairman.
This follows the recent hire of James Beckham to lead Cushman & Wakefield’s capital markets team in London and is further evidence of the firm’s commitment to create a leading capital markets platform in Europe and globally.
Cushman & Wakefield’s international CEO, Carlo Barel di Sant’Albano, said: “Momentum continues to build as investor confidence firmly returns to the European and global markets, with gateway cities being progressively more important in attracting capital into Europe. These new hires will transform our capital markets capability in Sweden and propel us into a position where we are a major player in the country for real estate investment advice.”
Cushman & Wakefield recently reported record revenue and improved profitability in the first half of 2014. Its global capital markets group continued positive momentum with H1 2014 commission and service fee revenue growth of 20.2% as the improved credit environment and lower interest rates boosted capital flows across investor classes. High profile assignments included advising the State Oil Fund of the Republic of Azerbaijan (SOFAZ) on the purchase of trophy office building Pine Tower A for $447 million, which is the largest investment transaction in Seoul, South Korea this year.
The business’ EMEA capital markets team transacted and advised on more than €26 billion of real estate deals last year, while the first half of 2014 has seen the practice involved in a raft of high profile transactions which resulted in it being ranked as the top UK broker in Q2 for acquisitions (according to CoStar UK's Commercial Property Investment Review Q2 2014)