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Discover how we never settle for the status quo when it comes to creating real estate solutions for our clients.

Global Banking Client

Helping to Streamline North American Portfolio

01 The Opportunity

A global banking client engaged Cushman & Wakefield to identify cost-saving opportunities in its office and wealth management branch portfolio across North America.

02 The Solution

Employing a data-driven approach, our team was able to identify and prioritize opportunities for cost savings and develop customized recommendations for the Top-15 Cluster Opportunities. This was done by deploying Cushman & Wakefield's Portfolio Intelligence Platform (PIP), a proprietary tool that identifies and prioritizes opportunities for cost savings taking into consideration geography, market, workplace and lease-timing dynamics.

In addition, our team collaborated with the client to co-develop a Transaction Management Reporting Guidebook to ensure consistent, best-in-class reporting across the transaction life-cycle. This guidebook ensures that all reports are held to the same global standard and provides a meaningful reporting framework that marries the output from Cushman & Wakefield with a client-centric view of internal commercial real estate priorities.

03 The Results

Bridging the gap between art and science, the Portfolio Strategy team partnered with the client account team and local Cushman & Wakefield brokers to identify savings of 5% on annual rent payments (including six lease reductions adding up to 67,000 sf) through consolidations, relocations, lease alignments, renegotiations, early renewals and closures. This initiative further strengthened our partnership with the client. Our team is now seen more as an extension of the client’s real estate team rather than a simple service provider.

MEET THE TEAM

Gino Lollio Chicago Managing Director
Gino Lollio

Executive Director
Chicago, United States


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Sushil-Puria-Gra-2023-headshot
Sushil Puria

Executive Director
Nashville, United States


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STORIES

EMEA One
Ocean Network Express (ONE) • Global Supply Chain Solutions
The teams at Cushman & Wakefield worked with ONE to achieve their company vision.
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Master card Storycard
Confidential Government Client • Government
A confidential government client sought to craft an optimized footprint with the goal of saving U.S. taxpayer dollars.
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Citibank • Banking & Financial Services
Fostering a True Alliance Partnership
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Featured Services

Global Occupier Services (GOS)
Future-proof your portfolio. Create inspiring on-site experiences. Unlock the potential of your real estate.
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Office space with a difference

Our Tenant Representation team will support you through the entire process of your search for an office space, from the outset all the way to signing the lease and fitting out your new premises.

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Facilities Services
C&W Services is a leading integrated facility services provider that helps clients drive down facility operating expenses, increase facility efficiency and uptime, make strategic business decisions and create a positive occupant experience.
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