This article is from the Australian Property Journal archive
CUSHMAN & Wakefield has recorded a 14% increase in gross revenue to a record $US2,849 million for the year ended December 31 2014, compared with $US2,498.6 million for the prior year.
Adjusted net income increased 33.3% to a record $US61.6 million compared with the prior year of $US46.2 million.
CEO and president Edward C. Forst said demand from investors and occupiers continued to drive global real estate markets in 2014, increasing activity across the agency`s platform to record breaking levels.
During the year, C&W recorded a 15.9% jump in commission and service fee revenue to a record $US2.1 billion. Commission and service fee revenue increased by double-digits in all three regions – 15.2% in the Americas, 14.9% in Europe, Middle East and Africa and 25.0% in Asia Pacific.
Meanwhile the value of leasing transaction volumes increased 15.6% to a record $US63.9 billion.
Australian Property Journal
