Cushman & Wakefield Acquires Singapore Based Project Solution Group

In an effort to strengthen its Asia Pacific operations, Cushman & Wakefield have signed an agreement to take over Project Solution Group (PSG), a Singapore based project management company. The acquisition will propel Cushman & Wakefield to the top as the biggest Project Management services in the region. PSG brings its strengths and experience to the Cushman fold. Cushman already operate in Taiwan and Phillipines.

PSG are active in project management, interior design and construction, serving over 40 MNCs across the Asia Pacific region. It has 14offices in 12 countries and a footprint that stretches all the way to the Middle East. Mike Harrison, its co-founder will become Executive Managing Director at Cushman & Wakefield, Asia. He brings 40 years’ experience in project management. 

In India there is tremendous scope for real estate project management and Sanjay Dutt, Executive MD of Cushman & Wakefield (South Asia) said that the inclusionof PSG will help the company gain greater depth and expertise in this area. C&S command 20% of the project management share inIndian markets with jobs in hand of 90 million square feet. C&W can broaden the scope of its offerings with the inclusion of key PSG capabilities in design. The acquisition also gains C&W a toehold in vital Chinese and Singapore markets, once the playing field of PSG. Executives are unanimous in their opinion that the alliance will prove tremendously synergestic,especially boosting C&W’s value offerings.