Cushman & Wakefield Expands CEE Presence

KIEV, UKRAINE-Reflecting continued growth in its Central and Eastern European business, Cushman & Wakefield is opening an office here, company officials say. C&W’s operation had a staff of 15 at launch, and the new general director, Bud Moore, says he anticipates that figure will rise rapidly in response to the area’s burgeoning popularity as an international commercial center.

“Given the rapid growth in the real estate market in Ukraine, and increased demand for our services from local and international clients, the potential to expand in the region is significant,” says Moore, who is moving from another C&W office in Moscow where 300 are employed. “With our own operations in Kiev, Cushman & Wakefield will be in a position to expand the services it offers in these rapidly developing markets,” adds Paul Bacon, CEO of C&W EMEA.

Several funds have recently announced plans to acquire properties in the Ukraine, whose advent as a global economy is fostered by its location at the gateway to Russia and proximity to such countries as Germany, Hungary and Poland. C&W is already assisting leading institutional investors Dawnay Day, Quinn Group and Scorpio, and Quinn group director Peter Quinn maintains the firm “is well placed to become a leader in the Kiev market,” citing C&W’s experience on the international CRE frontier.