Cushman & Wakefield has entered into a definitive agreement to acquire its affiliate in Finland in a deal which is expected to complete in January 2025 and is subject to customary closing conditions.
Following completion of the acquisition process, Eriksson will become Cushman & Wakefield's Head of Finland and will also join the firm's EMEA Executive Leadership Team.
Colin Wilson, Chief Executive Officer, EMEA, Cushman & Wakefield, says: "This is an exciting next step in an exceptional relationship which first began more than 20 years ago. Janne, Juuso and the team have a relentless focus on delivering for their clients that matches our own and it is a pleasure to be welcoming them into the firm. This acquisition strengthens our core EMEA business for the benefit of our clients while supporting our growth ambitions. We see considerable opportunity in Finland and the wider Nordics and expanding our owned presence in the region underlines our commitment to continuously enhancing our EMEA platform to deliver outstanding results for our clients."
Finland's strong economy, highly-educated workforce, global outlook, and mature real estate market appeal both to international investors and businesses wanting to enter the market. Finland consistently ranks in the top five global markets for overseas investment and is the only Nordic country to have fully adopted the Euro currency further enhancing its connectivity and investor appeal.
Janne Eriksson, Chairman of Cushman & Wakefield Finland, says: "It has been a really positive journey with Cushman & Wakefield and the time is right to move to the next stage. We have great momentum in the market and firmly believe that there is significant potential for further growth by joining together and leveraging the resources of its global network. Cushman & Wakefield has a very strong balance sheet and is investing into areas like innovative technology and the development of new products and services which will benefit our clients in Finland."
Finland will be the ninth European country in which Cushman & Wakefield has made an acquisition since its global merger in 2015.
