5This year, Cushman & Wakefield completes 20 years of operations in Brazil. Over these two decades, the company grew not only in numbers of customers and employees, but also in diversification of services.

The year 1994 was special for Cushman & Wakefield, as it marked the beginning of its expansion in Latin America with the opening of the first office in Mexico and Brazil. In Brazil, São Paulo was selected to kick off operations, and still remains the main office of the company in the region.

The yellow and green scenario was promising. In February of that year it was implemented “Plano Real“, the third part of the Economic Plan for immediate effect, the greatest ever launched in the Country. The good phase was crowned with the fourth World Cup Championship in the afternoon of June 17, and in this very month in 2014, by the 20th anniversary of the company, Brazil would host the event.

Due to stability of the economy, C&W decided to open the branch in São Paulo, along with a local company named Semco, to operate exclusively in the sector of ​​facilities management, corporate condominiums and construction & projects. Semco is specialized in start up for international companies in the service industry. This joint-venture was the base for the company’s growth in the country. After a 10-year partnership, C&W decided to acquire the share of Semco, and since 2006 follows its own way in Brazil.

In 1999, five years after opening its first office, C&W launched another service company, also a joint-venture, to provide consultancy services and real estate transactions for corporate clients. Besides the new services, the company took first step for regional expansion during that year, by opening its branches in Chile and Argentina.

In 2000, the company decided to open a second branch in Brazil, in Rio de Janeiro. That year, C&W already had around 900 thousand square meters under management in its portfolio.

In the early 2000s, the country was going through a growth phase of the real estate market, that began to receive more projects called A Class, actually represented by corporate buildings. Despite the South America crisis between 2001 and 2003, the country’s potential for growth in the real estate market in all segments was a matter of time.

Aware of future opportunities, in 2003, C&W invested in the merging of the two service companies so that they become a single one. By then, the company had 6.5mi square meters under management. The management of corporate properties contributed to boost other service areas that benefited from the merger.

In 2005, the company entered the industrial sector to manage both industrial plants and logistics condominiums, and expanded its share in South America with the opening of offices in Colombia, Peru and Venezuela. In Brazil, C&W opened a branch in Manaus to fulfill the new industrial demand and one in Porto Alegre to cover the Southern part of the country.

In January 2007, EXOR, a private equity group owned by the Agnelli family, bought 75% stake in C&W worldwide, becoming the main shareholder of the company.  Exor occupies the 26th position in the ranking of the 500 largest companies in the world (Fortune Global 500 List).

This change of shareholders was essential for the company’s growth during the real estate crisis that affected the United States and Europe. Under the new management, the company globalized even further, reaching the goal of operating in 60 countries worldwide.

In 2009, despite the global crisis still lingering in developed countries, the company expanded greatly in the territory, reaching 13mi square meters under management and approximately 3,000 employees.

Now, in 2014, 20 years after opening and despite the economic situation of the Brazilian market over the last three years, C&W continues its challenge of being a pioneer in the market, providing quality assistance and services through a human capital highly skilled and committed to serve its clients in the best possible way, ensuring the best value regarding property management of their assets.

The company appreciates all commitment and loyalty of the employees who remained or who took part in this growth, and especially fidelity and trust of its clients.