C&W AND ICSC REINFORCE THEIR POSITIONS IN GLOBAL RETAIL WITH FIRST-EVER GLOBAL PARTNERSHIP

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Cushman & Wakefield, the world’s largest privately held property advisor and the International Council of Shopping Centers (ICSC), the premier global trade association of the shopping center industry, have today announced a Global Partnership Agreement to enhance collaboration and access to in-depth retail market intelligence, the latest thought leadership and industry education opportunities for ICSC’s 60,000+ global membership.

Through the first Global Partnership of its kind, two of the retail industry’s leading real estate names, Cushman & Wakefield and ICSC, are joining forces throughout the year at every major show globally including RECon Asia; RECon Latin America; the European Conference; RECon, the largest gathering of industry professionals held annually in Las Vegas; in addition to Regional ICSC Deal Making events such as Chicago, New York and Whistler, British Columbia and Specialty Conferences like the Open Air Conference, the University of Shopping Centers and VRN.

The agreement will see long term partners, Cushman & Wakefield and ICSC, work together on improving access to and promotion of quality research, as they have done with the European Shopping Centre database; industry education events; market expertise and recruitment as well as the marketing of significant retail properties and tenant mandates.

“Expanding our global offerings continues to be an important initiative for ICSC,” said Michael P. Kercheval, President and CEO, ICSC. “This partnership solidifies that we have been successful to this point in our global efforts. More importantly, partnering with a globally recognized firm the calibre of Cushman & Wakefield will help propel our efforts on a global scale even further through enhanced research, networking, and deal making initiatives.”

Carlo Barel di Sant’Albano, Executive Chairman at Cushman & Wakefield said: “At Cushman & Wakefield we have the scale and expertise to help retailers, investors and landlords succeed in this dynamic sector right across the globe whether in luxury retail, main streets, shopping centres or out of town (suburban). It is an honour for us to be ICSC’s first Global Partner and this landmark agreement further reinforces Cushman & Wakefield’s position at the Centre of Global Retail.”

John Strachan, Head of Global Retail at Cushman &Wakefield said: “We have enjoyed many years of mutually beneficial collaboration with ICSC including research partnerships, participation in conferences, education and specialist retail groups and much more. Over that time we have built up our respective leading international platforms and I am delighted that our growth together has culminated in us becoming the first and only Global Partner of ICSC.”

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Notes to editors:

About ICSC
Founded in 1957, ICSC is the premier global trade association of the shopping center industry. Its more than 60,000 members in over 90 countries include shopping center owners, developers, managers, marketing specialists, investors, retailers and brokers, as well as academics and public officials. As the global industry trade association, ICSC links with more than 25 national and regional shopping center councils throughout the world. For more information, visit www.icsc.org.
ICSC Contact: Jesse Tron, +1 646-728-3814 jtron@icsc.org


About Cushman & Wakefield
Cushman & Wakefield is the world’s largest privately‐held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries, employing more than 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than US$3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.

C&W Contacts:
Nick Derasmo, Americas +1 (212) 841 7505 nick.derasmo@cushwake.com
Mandy Qian, AsiaPAC +(86 10) 5921 0872 mandy.qian@ap.cushwake.com
Helen Basil, EMEA +44207 152 5110 helen.basil@eur.cushwake.com