Cushman & Wakefield is to take responsibility for the
UK and Netherlands portfolios of Lucent Technologies. The international
real estate services firm will provide facility management, accounting
and project management services covering around 204,000 sq m and 51 properties
either owned or leased by Lucent in the two countries.
The portfolio will be managed from London. As reported on i-FM (see
News story) Cushman & Wakefield's UK operation, Healey & Baker,
has launched a major initiative in facilities management across Europe.
In addition to the appointment of William Florence, previously with Deutsche
Bank, as Head of Corporate Management, Michael Swanstrom transferred to
London from C & W's Asset Services group in New York to work with
corporate clients. Swanstrom will take charge of the Lucent portfolio.
"This represents a significant expansion of our relationship with
Lucent, which has included international brokerage activities for many
years," said Cushman & Wakefield President and CEO Arthur J.
Mirante II: "It is anotherexample of a major multinational turning
to a global real estate expert with the ability to provide the highest
quality, fully integrated real estate services."
Richard Byatt
