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C&W Looks to Make Up for $71M in Losses From Ailing Office Market

Cushman & Wakefield is scouring its operation for savings after a rough six months, having identified where it can sock away $130 million by the end of the year as it faces revenue losses thanks to the country’s struggling leasing and capital markets sectors. C&W saw an overall revenue decrease of 6 percent year-over-year after pulling in $4.7 billion in the first half of 2023, and its net losses amounted to around $71.3 million, company officials announced during C&W’s quarterly earnings call Monday night. “We’ll be taking more intentional and holistic approaches to capital allocation as it relates to our updated strategy across all of our businesses with the knowledge that investment capital allocation to our business lines is not free and we must evaluate returns accordingly,” C&W CEO Michelle MacKay said during the call.

Drew O Connor Decamps C&W to Head Portfolio Management at Rudin – Commercial Observer

Drew O Connor Decamps C&W to Head Portfolio Management at Rudin – Commercial Observer
commercialobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from commercialobserver.com Daily Mail and Mail on Sunday newspapers.

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