Cushman & Wakefield plc Ordinary Shares - CWK STOCK NEWS

Cushman & Wakefield (NYSE: CWK) will announce its Q1 2021 financial results after trading on May 6, 2021, at 4:05 p.m. EDT. A conference call led by management will follow at 5:00 p.m. EDT to discuss these results. Investors can join the call by dialing 1-877-407-9208 (domestic) or 1-201-493-6784 (international) using Conference ID: 13718278. The call will also be available via a live webcast on the company's Investor Relations website, along with an audio replay post-call.

Belfonti Companies and A. Secondino and Son have signed an exclusive listing agreement with Cushman & Wakefield to sell Bittersweet Farm, a 120+-acre development site in Branford, CT. The site is suitable for high-bay warehouse/logistics space and biotech/pharmaceutical offices, capitalizing on the growing demand for last mile distribution centers. Its prime location near I-95 enhances its appeal, with visibility and direct access to major roads.

Market experts predict swift interest in the property due to the increasing need for developable land along I-95.

Cushman & Wakefield (NYSE: CWK) has successfully arranged the sale of a five-property portfolio comprising 1,011 apartment units in Orlando and Tampa for $101.25 million. The sellers, Amzak Capital Management and The Focus Group, were represented by Mike Donaldson and Nick Meoli. DASMEN Residential, the buyer, plans to enhance the properties, potentially increasing gross income by $3 million. Recent renovations and investments totaling $9 million were made by the sellers. The sale reflects strong interest from out-of-state investors in Florida's booming real estate market.

Cushman & Wakefield (NYSE: CWK) facilitated the sale of 170 acres of land on behalf of Schuck Communities and secured a lease for a 1-million-square-foot distribution center for a national home improvement retailer in Commerce City, Colorado. The transactions involved the sale of 158 acres and 12 acres to Becknell Industrial, which will develop the facility. This multi-transaction project underscores the collaboration between quality developers and municipalities to drive economic growth and job creation in the region.

Cushman & Wakefield (NYSE: CWK) acted as the exclusive advisor to Camber Real Estate Partners in securing $69.5 million for financing the Crossings Industrial Portfolio. This 25-building, 1.2-million-square-foot light industrial portfolio spans Bucks County, Philadelphia, and Southern New Jersey, with financing provided by Natixis. The portfolio has shown strong performance during the COVID-19 pandemic, highlighting a diversified tenant roster and high demand. The financing will support Camber's plans to optimize assets in response to the region's growing need for quality light industrial space.

Cushman & Wakefield (NYSE: CWK) reported a 4Q 2020 revenue of $2.3 billion, down 13% year-over-year, driven by impacts from the COVID-19 pandemic. Full-year revenue fell to $7.8 billion, a 10% decrease. The company posted a net loss of $27.3 million for 4Q and $220.5 million for the full year. Adjusted EBITDA decreased 34% in 4Q to $198.1 million, and 31% for the year, totaling $504.3 million. Despite challenges, CWK generated over $300 million in cost savings and reported liquidity of $2.1 billion as of year-end.

On February 23, 2021, Cushman & Wakefield announced that Prominence Tower in Atlanta has earned the Fitwel 1 Star Rating for its health-focused building strategies. This certification is significant as Prominence Tower is the only building in Georgia to achieve it under the Multi-Tenant Base Building standard. In the past year, the building saw over 50,000 sq ft of leasing activity. Additionally, it received both LEED Gold and Wired Certified Platinum designations in 2020, further affirming its commitment to health and sustainability.