Cushman & Wakefield dives into PropTech

Written by Peter Walker

Global real estate firm Cushman & Wakefield has partnered with innovation and startup accelerator platform Plug and Play to invest in PropTech businesses.

The Plug and Play Real Estate & Construction program launched earlier this year as a spin off from one of its oldest programs focused on the Internet of Things (IoT).

As a founding partner, Cushman & Wakefield will work with Plug and Play startups while focusing on the firm’s mission of delivering integrated solutions to real estate owners and occupiers at every stage of the process.

“We view technology as an opportunity to leverage our global platform to drive client value,” stated John Forrester, president of Cushman & Wakefield. “A diversity of partnerships has allowed us to access tremendous opportunities to find creative, technologically-driven solutions that apply to our clients and their needs.”

Chief investment and digital officer Adam Stanley, added that by placing bets with early-stage PropTech companies and later-stage technology investments, Cushman & Wakefield is well-positioned to capitalize on PropTech developments and anticipate trends as they start.”

Saeed Amidi, chief executive of Plug and Play, concluded by stating: “By combining the power of Plug and Play’s international footprint through innovation platforms in China, Japan, US, France, Germany and the Middle East with Cushman & Wakefield’s reach as a global leader in the real estate industry, we are creating the biggest and best innovation platform in the world.”