Steady momentum in offices pushes H1 leasing revenues over $1bn for Cushman

Cushman & Wakefield saw revenues jump by 18% in the first six months of 2022 to $4.9bn (£4.1bn). The growth was led by its capital markets and leasing divisions, which recorded revenue increases of 46% and 35%, respectively. Capital market revenues totalled $656.3m and leasing revenues just over £1bn. C&W said leasing revenue growth was principally driven by steady momentum in the office sector, as well as the continued strength in the industrial sector. It added that capital markets revenue grew as investment fundamentals in commercial real estate assets continued to be favourable across most sectors, including multi-family and industrial. Chief executive John Forrester said: “We continued to experience tremendous momentum in our business through the first half of the year as we progress on our multi-year strategy of investing in long-term, fast-growing sectors in our industry.  “Our record first-half results are a testament to this strategy and reflect the strength of our ongoing transformation into a diversified global business as well as the hard work and commitment of our teams around the world. “We are in an excellent position with a strong balance sheet and significant liquidity to continue to execute our growth strategy and further enhance the value we deliver to both our clients and shareholders.”  By geography, EMEA under-performed the Americas and APAC regions, delivering just 4% revenue growth compared with 22% and 10% respectively.   To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews