A trio of Cushman & Wakefield retail directors have left the business in the wake of the company’s takeover by DTZ.
Departing are Rowen Grandison and Stuart La Frenais, senior directors in the retail agency team, and James Pelly, associate director in the retail investment team.
Grandison, head of shopping centre leasing, and La Frenais, head of national agency, had held senior roles in the DTZ retail team prior to the takeover.
Grandison has been a sernior director at DTZ for the last seven years.
La Frenais joined DTZ in June 2014 following 12 years with JLL as head of retail and a year as a consultant with Jackson Criss.
Pelly joined DTZ from LaSalle Investment Management in June this year, shortly before the merger with C&W.
At the time of his appointment he was hailed as “a significant boost and benefit” to the retail team. All three have yet to confirm any new positions.
The departures follow that of C&W head of City capital markets James Crawford, who left the firm at the start of this month.
Consultation begins on 60 redundancies
Cushman & Wakefield is consulting with around 60 staff over potential redundancies following its merger with DTZ.
The cuts are being considered at all levels of seniority and across all departments of the 2,100-employee UK business. Colin Wilson, head of UK and Ireland at C&W, said: “Ensuring we have the right balance of skills, expertise and experience going forward has been central to the process of the merger. Regrettably we are consulting with staff on approximately 60 redundancies where we had identified overlap or efficiency opportunities.”
