International real estate consulting firm Cushman & Wakefield continues to expand in Germany. The stock exchange-listed company has taken over the owner-led Berlin-based real estate planning and consulting firm acht+.
With this strategic acquisition, Cushman & Wakefield further expands its range of services in Germany. acht+ was founded in 2010 and brings solid experience in technical building design, technical due diligence, general planning and project management, as well as a customer base with an investor focus. Cushman & Wakefield can thus now offer the full spectrum of services and integrated solutions for demanding construction projects for companies and investors from a single source.
acht+ is now part of the Project & Development Services team at Cushman & Wakefield, which has so far focused on services in the areas of design & build, consulting, interior design and project management. With more than 50 experts at acht+, the division has grown to a total of over 100 employees across Germany, doubling its strength.
Synergies also result from the client and geographical structure of each company: The Project & Development Services division, headed by Frank D. Masuhr, has been primarily active for international office tenants in Germany at its locations in Berlin, Hamburg, Düsseldorf, Frankfurt am Main and Munich. With the acquisition of acht+, Cushman & Wakefield adds owners and investors to its client portfolio nationwide.
“The acquisition of acht+ is a further important milestone for our expansion in Germany. Our goal is to offer services over the entire life-cycle of a property. We have now filled an important gap in the field of Project & Development Services enabling us to expand our palette of services for both companies and investors.” stated Yvo Postleb, Head of Germany at Cushman & Wakefield.
“acht+ enables us to set a new emphasis in the field of investment and further develop the Project & Development Services department to one of the major turnover generators at Cushman & Wakefield.“, said Frank D. Masuhr, Head of Project & Development Services at Cushman & Wakefield for the D-A-CH Region.
The Founders and Managing Directors of acht+, Axel Funke and Oliver Mai, bring profound depth of knowledge of the industry with them and will remain on board as Managing Directors: "In Cushman & Wakefield we have a strong partner at our side and will gain access to new clients and projects via the global network. At the same time, we can now also be there for our clients in Hamburg, Düsseldorf, Frankfurt am Main and Munich and offer an even broader range of services. This enables us to extend our past success into the future".