Cushman & Wakefield

Following Full Lease-up, New Opportunity Coming Online at 700 Canal Street in Stamford

Retrieved on: 
Monday, August 21, 2023

STAMFORD, Conn., Aug. 21, 2023 /PRNewswire-PRWeb/ -- On the heels of an active leasing period resulting in full occupancy at 700 and 850 Canal Street in Stamford, joint venture owners Gottesman Real Estate Partners and Mountain Development Corp. have announced an upcoming, 7,500-square-foot opportunity at 700 Canal. The re-purposed mill building and its sister property comprise a distinctive waterfront office campus located in the heart of Stamford's vibrant South End district.

Key Points: 
  • STAMFORD, Conn., Aug. 21, 2023 /PRNewswire-PRWeb/ -- On the heels of an active leasing period resulting in full occupancy at 700 and 850 Canal Street in Stamford, joint venture owners Gottesman Real Estate Partners and Mountain Development Corp. have announced an upcoming, 7,500-square-foot opportunity at 700 Canal .
  • Available for occupancy November 1, the loft-style space on the third floor of 700 Canal has large windows, ample natural light and spectacular wrap-around water views.
  • "The availability at 700 Canal is an unmatched opportunity for the right tenant to secure space at this highly sought-after address."
  • Situated less than one mile from Exit 8 on I-95, 700 and 850 Canal Street offer easy access to all points in Fairfield and Westchester counties.

Cushman & Wakefield Releases 2022 Environmental, Social and Governance Report

Retrieved on: 
Thursday, August 17, 2023

Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, today released its 2022 Environmental, Social and Governance (ESG) Report .

Key Points: 
  • Cushman & Wakefield (NYSE: CWK), a leading global commercial real estate services firm, today released its 2022 Environmental, Social and Governance (ESG) Report .
  • “Through our work, we aim to deliver real estate services with the highest standards of environmental care and social responsibility to drive purposeful change for our business and clients,” said Cushman & Wakefield CEO Michelle MacKay.
  • Launched new Global Sustainability Learning course to provide our people with an overview of sustainability and why it is important to Cushman & Wakefield.
  • The 2022 ESG Report offers a deep dive into what Cushman & Wakefield has accomplished, what is being planned, and how the firm's values across ESG areas drive impact.

Charlotte John Joins Redgrave's Real Estate and Property team

Retrieved on: 
Wednesday, August 16, 2023

With her extensive experience in recruitment and real estate, Charlotte will play a pivotal role in further expanding Redgrave's services and helping clients source talent.

Key Points: 
  • With her extensive experience in recruitment and real estate, Charlotte will play a pivotal role in further expanding Redgrave's services and helping clients source talent.
  • She later spent seven years at Cushman & Wakefield, a global real estate advisory business, where she spearheaded their talent acquisition function.
  • "I am passionate about collaborating on creating talent strategies that source the best and most diverse candidates in the market," said Charlotte John.
  • "We are delighted that Charlotte has joined our team, bringing years of experience engaging with leaders across the real estate industry," shares James Paviour, Head of Redgrave's Real Assets practice.

Cushman & Wakefield Announces Pricing of $400 Million Senior Secured Notes Offering

Retrieved on: 
Thursday, August 10, 2023

Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), has priced its previously announced offering and will issue $400 million of 8.875% senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), has priced its previously announced offering and will issue $400 million of 8.875% senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”).
  • The aggregate principal amount of the Notes to be issued in the offering decreased to $400 million from the $500 million announced on August 8, 2023.
  • The Issuer intends to use the net proceeds from the offering, together with the net proceeds from the New 2030 Term Loan Facility, to refinance $1,400 million of existing indebtedness outstanding under the Issuer’s $1,593 million Senior Secured Term Loan maturing August 21, 2025.
  • In advance of the August 21, 2025 maturity, the Issuer expects to repay the remaining $193 million of Senior Secured Term Loan using on-hand cash and cash equivalents.

Cove Partners with Nuveen & Wins Tech Innovation Award at RealComm

Retrieved on: 
Thursday, August 10, 2023

WASHINGTON, Aug. 10, 2023 /PRNewswire/ -- Cove – an integrated technology platform that consolidates tenant experience, operations, flex office and performance data into one system – announces today a new key real estate partner. The company is rolling out its platform with Nuveen, one of the largest global owners of real estate, in eight marquee assets in their Boston and Washington, DC office portfolio. Following an investment from Blackstone last year, Cove continues to launch new features to remain at the cutting edge of tenant experience and building operations through an all-in-one platform. The Nuveen partnership comes after the recent announcement of Cushman and Wakefield forming a strategic relationship with Cove for their new tenant experience program, as well as Cove being recognized as the Best Tech Innovation in the Intelligent Building Category at RealComm, one of the longest standing real estate technology conferences.

Key Points: 
  • The Nuveen partnership comes after the recent announcement of Cushman and Wakefield forming a strategic relationship with Cove for their new tenant experience program, as well as Cove being recognized as the Best Tech Innovation in the Intelligent Building Category at RealComm, one of the longest standing real estate technology conferences.
  • Nuveen's selection of Cove as its technology operator significantly strengthens its asset portfolio and tenant offerings while cementing Cove as a leader and go-to solution for real estate owners.
  • "Partnering with Cove will help drive Nuveen's "tenant first" culture across our portfolio," said Dave Dyer, Director of Asset Management at Nuveen.
  • "We are honored to have been selected as the technology partner for a real estate leader like Nuveen," says Adam Segal, Co-founder and CEO of Cove.

Cushman & Wakefield Announces Senior Secured Notes Offering

Retrieved on: 
Tuesday, August 8, 2023

Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), plans to conduct an offering of up to $500,000,000 in aggregate principal amount of senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions.

Key Points: 
  • Cushman & Wakefield plc (NYSE: CWK) (“Cushman & Wakefield”) today announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC (the “Issuer”), plans to conduct an offering of up to $500,000,000 in aggregate principal amount of senior secured notes due 2031 (the “Notes”) in a private placement exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions.
  • The issuance of Notes is not conditioned upon the Issuer obtaining the New 2030 Term Loan Facility.
  • The Notes will be guaranteed by DTZ UK Guarantor Limited (“Holdings”), a private limited company organized under the laws of England and Wales and a direct wholly owned subsidiary of Cushman & Wakefield, and each of Holdings’ existing and future wholly owned domestic restricted subsidiaries (other than the Issuer) and U.K. restricted subsidiaries, in each case, that guarantee the Issuer’s obligations under its existing senior secured credit facility and existing 6.750% senior secured notes due 2028.
  • The Notes will not be registered under the Securities Act or the securities laws of any state or jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

Thomas Park Management Announces Two New Hires to Handle Continued Growth

Retrieved on: 
Wednesday, August 2, 2023

Thomas Park Management (TPM), a leading full-service property management company, is pleased to announce the appointment of Margaret Evans as Director of Portfolio Management, and Sheri Levine as Commercial Property Manager.

Key Points: 
  • Thomas Park Management (TPM), a leading full-service property management company, is pleased to announce the appointment of Margaret Evans as Director of Portfolio Management, and Sheri Levine as Commercial Property Manager.
  • Margaret brings extensive experience to TPM, having served as the Director overseeing the management of a large portfolio of medical office buildings while at Cushman & Wakefield.
  • About Thomas Park - Thomas Park is a full service commercial real estate firm offering alternative investment strategies and third party commercial real estate services.
  • Thomas Park Management (TPM) manages over 8.5 million SF of commercial space along the East Coast and has a 30+ year track record in the commercial real estate industry.

EQS-News: Aareal Bank refinances prime UK PBSA portfolio in London for Chapter

Retrieved on: 
Tuesday, August 1, 2023

Aareal Bank had previously been participating in the financing of these assets – namely Spitalfields, South Bank, and Aldgate – and is pleased to have now acted as the sole arranger, lender, and security agent in the refinancing of this prime portfolio.

Key Points: 
  • Aareal Bank had previously been participating in the financing of these assets – namely Spitalfields, South Bank, and Aldgate – and is pleased to have now acted as the sole arranger, lender, and security agent in the refinancing of this prime portfolio.
  • Towering over its immediate surroundings at 33 stories high, Chapter Spitalfields is one of the most iconic purpose-built student accommodation (PBSA) assets in London, with South Bank and Aldgate boasting equally excellent conditions and amenities for students.
  • The portfolio totaling 1,747 beds sits in coveted locations within Central London and is operated by Greystar, a leading PBSA operator with approximately 100,000 beds under management globally.
  • The Chapter brand is regarded as one of the premier UK PBSA brands offering high-end exclusive student accommodation.

Finacity Facilitates the Renewal and Investor Transition to MUFG of Cushman & Wakefield’s $200 Million Accounts Receivable Securitization Program

Retrieved on: 
Tuesday, August 1, 2023

STAMFORD, Conn., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announces that it has facilitated the renewal and investor transition to Mitsubishi UFJ Financial Group, Inc. (“MUFG”) of the $200 million Accounts Receivables Securitization Program for Cushman & Wakefield, a leading global real estate services firm headquartered in Chicago, IL.

Key Points: 
  • STAMFORD, Conn., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Finacity Corporation (“Finacity”), a White Oak Global Advisors Company, announces that it has facilitated the renewal and investor transition to Mitsubishi UFJ Financial Group, Inc. (“MUFG”) of the $200 million Accounts Receivables Securitization Program for Cushman & Wakefield, a leading global real estate services firm headquartered in Chicago, IL.

CoStar Group Appoints Angelique Brunner to Board of Directors

Retrieved on: 
Tuesday, August 1, 2023

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230801774592/en/
    Angelique Brunner joins the Board with more than 25 years of experience in finance and real estate and venture capital.
  • Ms. Brunner brings extensive boardroom experience to CoStar Group, previously serving as a director of Cushman & Wakefield and Chesapeake Lodging Trust.
  • “As CoStar Group continues to grow and diversify its reach across the globe, I’m excited to have Angelique Brunner join our board and bring her years of experience across real estate and investment industries in both the private and public sectors,” said Andy Florance, Founder and CEO of CoStar Group.
  • For more information on CoStar Group’s Board of Directors, visit investors.costargroup.com/leadership .