Cushman & Wakefield Excellerate combines the global platform of Cushman & Wakefield with the existing in-region business of Excellerate Property Services. The alliance will initially operate across sub-Saharan Africa, currently with over 30 offices in 11 countries: Cote d’Ivoire, Ghana; Kenya; Lesotho; Namibia; Nigeria; South Africa; Swaziland; Tanzania, Zambia; and Zimbabwe. Legal entities are established in a further seven countries: Botswana, Cameroon; DRC, Gabon; Senegal; Uganda; and Morocco (in process).
Cushman & Wakefield Excellerate will provide a comprehensive range of occupier and investor services, delivering core management and facilities services, project management, transactions, valuation and advisory services including strategic consulting, market surveys and development feasibility.
Excellerate Property Services manages approximately R180billion of asset value encompassing 14million m² of assets, and over 21,250 leases. It is the prime retail asset manager in this region and, in South Africa, is currently rated a Level 1 BBBEE contributing group, including significant black ownership credentials.