Juho Tirkkonen Cushman & Wakefield has completed the acquisition of its affiliate in Finland, having announced in November that it had entered a definitive agreement to acquire the firm.
The Helsinki-based business, which has 22 commercial property professionals – including six senior partners – was previously Cushman & Wakefield’s Finnish affiliate since 2003. Providing services including capital markets, leasing, tenant representation, consulting, and valuation & advisory, the team has advised on many landmark deals in the Finnish market, including last year’s €135 million acquisition of a multi-asset urban logistics portfolio.
We see considerable opportunity for Cushman & Wakefield in Finland and the wider Nordics and expanding our owned presence in the region underlines our commitment to continuously enhancing our platform to deliver outstanding results for our clients.
Janne Eriksson, formerly chairman of the business, is now Cushman & Wakefield’s Head of Finland and joins its EMEA Executive Leadership Team.
Colin Wilson, Chief Executive Officer, EMEA, Cushman & Wakefield, says: “This acquisition strengthens our core EMEA business for the benefit of our clients while supporting our growth ambitions. We see considerable opportunity for Cushman & Wakefield in Finland and the wider Nordics and expanding our owned presence in the region underlines our commitment to continuously enhancing our platform to deliver outstanding results for our clients.”
Eriksson adds: “It is an exciting milestone as we start a new chapter in our journey with Cushman & Wakefield and begin unlocking further growth by leveraging the resources of its global network. Cushman & Wakefield’s investment into areas like innovative technology and the development of new products and services will benefit our clients in Finland.”
Finland consistently ranks in the top five global markets for overseas investment and is the only Nordic country to have fully adopted the Euro currency, further enhancing its connectivity and investor appeal. It is the ninth European country in which Cushman & Wakefield has made an acquisition since its global merger in 2015.
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