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."

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."

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."