Interest in the New Zealand market by US investors has beengrowing recently, Bayley notes, due to the strength of the dollaragainst smaller international currencies such as New Zealand'sKiwi. That interest also stems from New Zealand's lack ofrestrictions on purchases of commercial and industrial real estateby foreigners and property income yields are generally about doublethose found elsewhere in Asia.

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

C&W also announced that John B. Coppedge III has beenpromoted to executive vice president, international operations,which will give him oversight over the firm's relationship withBayleys. His career with Cushman & Wakefield has long beenfocused on operations overseas. His other posts have includeddirector of European operations, which gave him responsibility forthe joint initiative with Healy & baker in the UK before thetwo companies merged. He has also served as managing directorEuropean/Asia operations and as managing director, internationalservices.