Cushman & Wakefield Announces Partnership with Plug and Play

Cushman & Wakefield is a founding anchor partner for the Plug and Play Real Estate & Construction vertical

CHICAGO & SINGAPORE, December 4, 2018Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, today announced its partnership with Plug and Play, a global innovation and startup accelerator platform. Cushman & Wakefield joins as a founding anchor partner for the Plug and Play Real Estate & Construction vertical.

Sheridan Ware, Chief Information Officer, Asia Pacific at Cushman & Wakefield said, “There’s an incredible opportunity in commercial real estate to change the way we work, shop and live by leveraging technology to create more engaging experiences, increased efficiency, improved safety and sustainability, and more meaningful insights that help our clients maximize the value of their real estate portfolios. Partnering with Plug and Play is yet another way we’re tapping into the best and brightest from the PropTech space to realize that potential.”

Established in 2006, Plug and Play brings together the best startups and the biggest corporations around the world through a series of industry-specific accelerator programs. The Plug and Play Real Estate & Construction program launched earlier this year as a spin off from one of their oldest and most successful programs focused on the Internet of Things.

"By combining the power of Plug and Play’s international footprint through innovation platforms in China, Japan, U.S., 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," said Saeed Amidi, CEO of Plug and Play. "We are very proud of this partnership with Cushman & Wakefield, which will aim to create massive innovation in the industry. Piloting new technologies in different continents and rolling out the best solutions will create great value for the entrepreneurs and startups, for Cushman & Wakefield, for Plug and Play, and most importantly, for real estate owners and corporations."

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 real estate and commercial property process.

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

“By placing bets with early-stage PropTech companies, later-stage technology investments and thought leaders in both CRE and technology, Cushman & Wakefield is well-positioned to capitalize on PropTech developments and anticipate trends as they start,” said Adam Stanley, CIO and Chief Digital Officer of Cushman & Wakefield. “Our global partnership with Plug and Play’s Real Estate & Construction program is an exciting extension of our commitment to leading innovation in real estate.”

“After expanding our program and specializing in numerous verticals, we are excited to focus on Real Estate & Construction,” said Michael Olmstead, Chief Revenue Officer of Plug and Play. “We are seeing tremendous growth throughout emerging technologies in the space, and we are thrilled to welcome Cushman & Wakefield as a founding anchor partner.”

About Plug and Play

Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 280 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, and PayPal. For more information, visit www.plugandplaytechcenter.com

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value by putting ideas into action for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of US$6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.