LONDON - Cushman & Wakefield has signed an exclusive affiliate agreement to deliver commercial property services in Egypt as Cushman & Wakefield Core.
The affiliate agreement builds upon an existing successful relationship between the two firms, with Cushman & Wakefield Core having been Cushman & Wakefield’s affiliate in the United Arab Emirates since last year.
Cushman & Wakefield Core has established an office in Cairo to deliver a range of brokerage and consultancy services. It is a well-established business in the region having been founded in 2008 as Core Real Estate before rebranding last year on signing the initial UAE affiliate agreement with Cushman & Wakefield. The expanded agreement strengthens the firms’ shared commitment to delivering exceptional outcomes for clients and advancing commercial real estate innovation across the region.
Edward Macura, Co-CEO of Cushman & Wakefield Core, said: "Our UAE affiliation has proven immensely successful over the past 12 months, delivering significant value to both our clients and our team. Expanding this collaboration into the Egyptian real estate market, which has strong investment ties with the UAE, is a natural next step as we continue to grow our footprint in the region.
“It also brings an exciting new dynamic to the expanding Egyptian real estate market, enabling us to support our regional and international clients locally, while also delivering to our Egyptian clients a wide array of services, ranging from Research & Consultancy, Capital Markets, Sales & Leasing, Asset Management, Property Management and Global Occupier Services.”
Colin Wilson, Chief Executive EMEA, Cushman & Wakefield, said: “We are pleased to further our successful relationship with Cushman & Wakefield Core and extend delivery of our services into a market in which we did not previously have a branded presence. This exclusive affiliate relationship benefits both local and global clients who gain access to our global network and local knowledge respectively.”
Cushman & Wakefield continues to optimise its EMEA affiliate network, entering Austria in the summer as Cushman & Wakefield CBS International and signing a new affiliate agreement for the German-speaking region of Switzerland which will commence in October.
Image caption: Ian Thomas, Chief Administration Officer EMEA, Cushman & Wakefield (right) with Cushman & Wakefield Core Co-CEO Edward Macura (left)
