Bruce Mosler, the new president of Cushman & Wakefield
real estate company in New York announced about his attempt to start expansion to foreign markets. The company with last year’s revenue of $990 million plans to expand business to regions where it had no activity before, including Russia and Australia. The company turnover in the international market equals to about 28% of its revenue. Mr. Mosler assured that this index can rise within two-three years.
Cushman & Wakefield used mainly to deal with renting of office spaces. Now its plans are to expand activities in retailing of
property.
In several years the company expects to increase its share in assets owned by its personnel from 28% to 45%. For now about 72% of its assets belong to Rockefeller Group which, in its turn, is totally owned by Mitsubishi Estate, Tokyo.