Cushman & Wakefield launched an automotive specialty practice group in response to the transformation and growth in the auto industry.
Jeffrey Green, a managing director within the firm’s occupier services business, will lead the new practice group, which includes a global team of real estate and business advisers to auto manufacturers, suppliers, distributors and retailers.
Cushman & Wakefield said it is the first commercial real estate service firm to offer a global comprehensive automotive specialty practice group. The firm said its mission is to understand and address the challenges of the automotive sector including labor issues, logistics, infrastructure, technology, credits and incentives, and the requirements of the real estate itself.
“The world is on the verge of an automotive revolution sparked by disruptive, technology-driven trends such as diverse mobility, autonomous driving, electrification and connectivity,” Green said. “We believe these trends will result in an increased need for commercial real estate globally. In addition to inherent growth within existing automotive and supply manufacturers, we see emerging market opportunities in such markets as China, India, Brazil and South Africa, as well as the entry of non-traditional players like Google, Apple, Microsoft and Panasonic.”
Green said Cushman & Wakefield has the client base and expertise to offer a comprehensive global specialty practice, adding that the firm already works with dozens of automotive industry clients around the world.
Cushman & Wakefield has offices in Stamford and White Plains.