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C&W Acquires Royal LePage

NEW YORK CITY-Cushman & Wakefield acquires its Canadian affiliate, Royal LePage Commercial. The firm has been owned by Brookfield Asset Management, currently Brascan.

By Barbara Jarvie | Updated on September 28, 2005

NEW YORK CITY-Cushman & Wakefield Inc. has acquired its long-time Canadian affiliate, Royal LePage Commercial Inc. The new firm will soon be known in Canada as Cushman & Wakefield LePage.

A private company with more than 520 employees in five cities, LePage has operations in Vancouver, Calgary, Toronto, Ottawa and Montreal and affiliate offices in Edmonton, Winnipeg and Atlantic Canada. The firm has been owned by Brookfield Asset Management–currently Brascan Corp.–since 1984. It was founded in 1913.

This transaction excludes the Royal LePage residential network, which Brookfield Asset Management manages under the Royal LePage Franchise Services Fund, and the Brascan Financial Real Estate Group, which is also owned and operated by Brookfield Asset Management.

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