Consistent with the continued expansion of Cushman & Wakefield's operations across Asia Pacific, C&W explains that the acquisition reflects the firm's commitment to the region and the Australian marketplace in particular. "This represents a significant step for both firms and our clients," says Michael Thompson, CEO of Cushman & Wakefield's Asia Pacific operations in a prepared statement. "Given our highly successful association with Robert Farrell and Tony Anderson over the last decade this acquisition was a natural step for us, made all the easier by their outstanding reputation and strong client relationships."

Thompson adds that "Australia is an important global market for Cushman & Wakefield and this strategic acquisition provides us with a strong platform from which we can expand beyond Sydney, both organically and through acquisition. Both C&W and the Laing+Simmons Commercial team have strong cultures, which will make the transition easier because we share the same traditions of integrity and excellence and a 'client-first' philosophy--all of which make a powerful combination."

Robert Farrell and Tony Anderson, chief executive and managing director of Laing+Simmons Commercial respectively, have been named joint managing directors, Australia of Cushman & Wakefield. Farrell says that becoming part of the C&W brand is a tremendous opportunity for clients, professionals and employees. "Cushman & Wakefield is a natural fit for us given the similar corporate cultures and shared core values. This move will provide our clients with an even higher level of service and direct access to opportunities in other markets while still enjoying the relationships they have formed with our professionals."