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C&W, Indonesia Expanding Amid Downturn

JAKARTA, INDONESIA-Despite the suffering global economy, Cushman & Wakefield is continuing its expansion to Indonesia, a country showing some growth of its own.

By Ryan Clark | Updated on December 02, 2008

JAKARTA, INDONESIA-Cushman & Wakefield is expanding its global base to Indonesia by merging its operations with its Indonesian affiliate PT Property Advisory Indonesia (PROVIS). While the economy slows, C&W is pushing forward with its expansion, specifically in the Asia Pacific, following new operations in Vietnam’s Ho Chi Minh City and Hanoi, along with its associate Laing+Simmons Commercial Inc., in Sydney, Australia.

“Cushman & Wakefield is well-positioned to weather the current economic maelstrom,” explains Michael Thompson, CEO of C&W’s Asia Pacific operations, in a statement. “Whist many companies in our industry are scaling back, we are doing the opposite. As a private company with limited debt, we are able to move forward with our aggressive growth plans.”

PROVIS will bring 80 employees, including David Cheadle who will assume the role of Managing Director, Indonesia. The Indonesian associate will provide the same global service as other C&W outposts; research & advisory, investment, tenant representation, design & project management, property & facilities management, and marketing consultancy for offices, residential, retail and industrial.

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