NEW YORK CITY-Cushman & Wakefield has formed an alliance with Bayleys Real Estate, the largest commercial and industrial property services firm in New Zealand where it employs more than 550 people and maintains 29 offices. Commenting on the arrangement, David Bayley, executive director of firm, notes that, “We are particularly pleased to draw upon Cushman & Wakefield’s global expertise as most of New Zealand’s international property business, in terms of corporate referral work and investment, comes from the United States and Southeast Asia.

Interest in the New Zealand market by US investors has been growing recently, Bayley notes, due to the strength of the dollar against smaller international currencies such as New Zealand’s Kiwi. That interest also stems from New Zealand’s lack of restrictions on purchases of commercial and industrial real estate by foreigners and property income yields are generally about double those found elsewhere in Asia.

During the last year and a half, C&W has opened offices in Japan and Argentina and sealed an association agreement with the CPN Group in Australia.

C&W also announced that John B. Coppedge III has been promoted to executive vice president, international operations, which will give him oversight over the firm’s relationship with Bayleys. His career with Cushman & Wakefield has long been focused on operations overseas. His other posts have included director of European operations, which gave him responsibility for the joint initiative with Healy & baker in the UK before the two companies merged. He has also served as managing director European/Asia operations and as managing director, international services.

In addition, the company has named Simon Buckley director of international operations. He had been a partner at Healey & Baker where he was involved in industrial brokerage, property management and development/site acquisition and construction management. He is relocating from London to New York City.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.