Cushman & Wakefield Ltd.

Cushman & Wakefield Ltd. (NYSE: CWK) operates as a leading global commercial real estate services firm serving occupiers and investors across the built environment. The company maintains its website at www.cushmanwakefield.com and employs approximately 53,000 people across more than 350 offices in nearly 60 countries, managing approximately 6.5 billion square feet of commercial real estate globally.

The company generates revenue through four primary service lines. Services, representing 66 percent of revenue, encompasses property management, facilities management, facilities services and project management, with many contracts being multi-year and recurring in nature. Leasing, accounting for 21 percent of revenue, includes owner representation and tenant representation services. Capital markets, representing 8 percent of revenue, involves representing buyers and sellers in purchase and sale transactions and arranging financing. Valuation and other services comprise 5 percent of revenue and include appraisal management, investment management, valuation advisory and dispute analysis.

Geographically, the Americas segment generates 73 percent of revenue, EMEA contributes 10 percent, and Asia Pacific represents 17 percent. The United States is the largest single country market, representing 69 percent of total revenue. Approximately 67 percent of employees work in the Americas, 10 percent in EMEA, and 23 percent in Asia Pacific. Roughly 7,000 employees, or 13 percent of the workforce, are covered by collective bargaining agreements, primarily in facilities services. Approximately 45 percent of employee costs are fully reimbursed by clients.

The company traces its heritage through predecessor firms including DTZ, founded in 1784, and the Cushman & Wakefield brand established in 1917. In November 2025, Cushman & Wakefield completed a redomiciliation, changing its parent company jurisdiction from England and Wales to Bermuda through a court-approved scheme of arrangement. The company maintains iconic brand recognition, consistently ranking in the top four of the Lipsey Company's Top 25 Commercial Real Estate Brands and serving as a recognized leader among outsourcing professional service firms. The integrated platform positions Cushman & Wakefield to serve multinational clients requiring comprehensive real estate solutions across multiple geographies and service lines.