Consistent with the continued expansion of Cushman &Wakefield's operations across Asia Pacific, C&W explains thatthe acquisition reflects the firm's commitment to the region andthe Australian marketplace in particular. "This represents asignificant step for both firms and our clients," says MichaelThompson, CEO of Cushman & Wakefield's Asia Pacific operationsin a prepared statement. "Given our highly successful associationwith Robert Farrell and Tony Anderson over the last decade thisacquisition was a natural step for us, made all the easier by theiroutstanding reputation and strong client relationships."

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Thompson adds that "Australia is an important global market forCushman & Wakefield and this strategic acquisition provides uswith a strong platform from which we can expand beyond Sydney, bothorganically and through acquisition. Both C&W and theLaing+Simmons Commercial team have strong cultures, which will makethe transition easier because we share the same traditions ofintegrity and excellence and a 'client-first' philosophy--all ofwhich make a powerful combination."

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Robert Farrell and Tony Anderson, chief executive and managingdirector of Laing+Simmons Commercial respectively, have been namedjoint managing directors, Australia of Cushman & Wakefield.Farrell says that becoming part of the C&W brand is atremendous opportunity for clients, professionals and employees."Cushman & Wakefield is a natural fit for us given the similarcorporate cultures and shared core values. This move will provideour clients with an even higher level of service and direct accessto opportunities in other markets while still enjoying therelationships they have formed with our professionals."

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Anderson adds that he expects the transition to a global firmwill be smooth for clients and employees, with no disruption tobusiness. "Our clients will continue to work with the familiarprofessionals they've come to know and trust; only now they willbenefit from the added leverage offered by a world-leading firm.For our managers, professionals and employees, this move opens uptremendous career opportunities and direct access to a premier,full-service platform across 215 offices in 56 countries."

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Farrell confirms that all the company's services will beavailable to clients in Australia, as Laing+Simmons Commercialaligns itself with the Cushman & Wakefield service platform."This merger has positioned us for the future. With a globalinfrastructure and network behind us, there are no limits to ourability to serve our clients."

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Terms of the agreement were not disclosed. The residentialfranchise real estate business trading as Laing+Simmons is not partof this acquisition.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.