Milan-Based Cogest Retail Goes to Cushman & Wakefield

The New York City-based company is expanding its European retail footprint.

By Ioana Neamt

Joachim Sandberg, Cushman & Wakefield
Joachim Sandberg, Cushman & Wakefield

MilanCushman & Wakefield has recently acquired the entire share capital of Cogest Retail, a consulting company specialized in leasing and management of shopping centers and mixed-use assets based in Milan, Italy. The acquisition will double the size of Cushman & Wakefield’s Italian practice with the addition of 150 new professionals to the team.

“Today’s announcement is a very significant moment for our Italian business,” Joachim Sandberg, head of Italy and the Southern Europe region with Cushman & Wakefield, said in prepared remarks. “Our business is driven first and foremost by our people so it gives me great pleasure to welcome 150 new professionals to the global Cushman & Wakefield team and I’m looking forward to working with them.”

Cogest Retail will become an integral part of Cushman & Wakefield’s EMEA Asset Services business—a business which will manage roughly 3.5 million square meters (38 million square feet) of floor space in Italy. Cogest Retail currently manages a portfolio of 52 retail centers and retail parks and more than 1.5 million square meters (16 million square feet) of floor space across the country.

“The acquisition of Cogest Retail is consistent with our commitment to profitably grow the scale and performance of our substantial EMEA business,” added John Forrester, EMEA chief executive at Cushman & Wakefield. “We will continue to strengthen our capabilities across the region to ensure we have the best people and platform to deliver outstanding results for our clients.”

Image courtesy of Internews

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