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Standard Chartered selects Cushman for 11m sq ft global estate

Cushman & Wakefield has been appointed to provide asset and transaction management advice across Standard Chartered Bank’s 11m sq ft global real estate portfolio.

The five-year mandate will encompass global asset and transactions management plus property services across its Asia business.

The new contract starts on 1 July.

As well as “elevating workplace experience” for the bank, Cushman is also charged with helping deliver on the bank’s ESG goals. 

Aubrey Waddell, chief executive of global occupier services at Cushman, said the firm looked forward to helping the bank “optimise their property performance and create efficiencies and experiences that support their business, people and sustainability objectives”. 

She added: “Our teams around the world are committed to harnessing the full value and benefits of our global footprint, integrated GOS platform and technology capabilities to ensure we drive excellence across the bank’s property portfolio.”

“Our partnership with Cushman & Wakefield will be key to accelerating our property transformation agenda,” said Shelley Boland, global head of property at Standard Chartered Bank. “As we continue to develop a sustainable real estate strategy across our global portfolio for long-term success, the focus remains on reimagining our employee and client experience. We are excited to strengthen joint capabilities to seize opportunities ahead and look forward to delivering excellence for the bank and our clients in 2024 and beyond.”

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