Cushman & Wakefield to merge with DTZ
There has been a major consolidation in the professional real estate advisory market, at worldwide level. Cushman & Wakefield and DTZ have reached a definitive agreement to merge and are set to become one of the largest global real estate services companies. The new company, which will operate under the Cushman & Wakefield brand, will have revenues of over $5.5 bln (€4.9 bln), over 43,000 employees and will manage more than 0,4 billion m² globally on behalf of institutional, corporate and private clients. The expanded full-service offering will provide a unique combination of deep, local market presence with significant scale in core services in the major global markets.
Read more... |  | CBRE acquires Johnson's 'Workplace Solutions' business
CBRE Group has entered into a definitive agreement to acquire the Global WorkPlace Solutions (GWS) business of Johnson Controls. GWS is a provider of Integrated Facilities Management solutions for major occupiers of commercial real estate and has significant operations around the world. The purchase price is $1.475 billion. GWS will operate as part of CBRE’s Global Corporate Services (GCS) business, which has increased revenue at a double-digit compound annual growth rate over the last decade, as more major corporations and other institutions outsource their real estate services. CBRE and Johnson Controls have also announced a 10-year strategic relationship.
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Liège Guillemins district - a step forward
The future look of the site around Liège Guillemins station has been much in the news over recent times. It has always been the intention to create a mixed use district in order to rehabilitate this important section of the city. Things have taken an important step forward. The owners of a large parcel of land here – Fedimmo (Befimmo) – have just named the team which has won the competition to construct some 35,000 m² alongside the Finance Tower and in front of the station. The jury, made up of representatives of the City, the Walloon region, the Liège Guillemins Development Association, the Consultative Committee for Ground Use, the developers, town planners and a real estate expert, have opted for the ‘Paradis Express’ consortium.
Read more... | Business Space - resolving the conflict of interest problem
With a view to defending the interests of one side only in a real estate transaction – the tenant rather than the tenant and the landlord – the company 'Business Space' was set up in Belgium some years ago, and then became a member of the international ‘Exis’ network. Business Space was founded by Daniel Coltof, an experienced Belgian real estate professional with, in particular, around twelve years experience at Knight Frank and four years at GVA Grimley. Pro-Realestate asked him to explain his company’s thinking.
Read more... | Ostend nominated for Belfius Smart City Award 2015
To make everyone aware of what is at stake within the context of ‘Smart Cities’, Belfius has launch the first edition of the ‘Belfius Smart City Awards’ . A professional jury has selected ten projects from cities and communes from all three Regions, to be presented in the press. Amongst these is a pilot project by the city of Ostend which is allying investments aiming to improve energy performance with a guaranteed return with personalised assistance and made-to-measure advice. The desire behind this project is to enable families with very low incomes to reduce their energy bills, and thus also their CO2 emissions, without directly increasing their monthly budget.
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