Cushman & Wakefield

Cushman & Wakefield

November 25, 2014 13:58 ET

Cushman & Wakefield Appoints Michael Caplice as Market Leader for the Greater Toronto Area

GTA restructuring improves and aligns services and resources for clients

TORONTO, ONTARIO--(Marketwired - Nov. 25, 2014) - Building on recent successes, and positioning itself for future growth, Cushman & Wakefield today announced the promotion of Michael Caplice to Market Leader for the Greater Toronto Area. As part of this restructuring, Cheryl Manore has been named Director of Operations for the GTA.

"This restructuring supports our firm's commitment to our clients - it aligns our services and resources in a way that reflects how our clients do business in the Toronto area," said Scott Chandler, President and CEO of Cushman & Wakefield Canada. "This will allow us to provide integrated and consistent services without artificial boundaries between services and offices."

Cushman & Wakefield has three offices in the GTA: Toronto North/East in Markham, Toronto West in Mississauga, and Toronto Central in the financial core. It employs 146 agents covering all asset classes and commercial real estate services. Mr. Caplice will oversee all brokerage operations, including investment sales, in the GTA.

Mr. Caplice began his career in the industry as an office leasing broker with the firm from 1995 to 2003, developing a strong track record in complex assignments and completing approximately $300 million in transactions for his clients. In 2003, he joined Manulife Real Estate. He was ultimately appointed to Managing Director Greater Toronto, with full asset management accountability for the company's real estate investment portfolio in Toronto, representing more than 6.5 million square feet of space across four asset classes with a value of close to $2 billion. Mr. Caplice rejoined Cushman & Wakefield as Senior Managing Director Toronto Office Leasing in July 2012.

"We have an opportunity in the Greater Toronto Area to increase collaboration between our offices and build stronger relationships with our clients," said Mr. Caplice. "This restructuring will also allow us to provide greater consistency in our aggressive recruitment, training programs, and business development in order to best meet our clients where they operate."

As part of the restructure, Paul Langer, Senior Managing Director Toronto North East; and Nick Yanovski, Managing Director Capital Markets; will increase their role, working closely with their brokerage teams, clients, and prospective clients - driving new business and increasing productivity under the leadership of Mr. Caplice. Local operation managers will continue to manage the day-to-day activities in their respective offices.

Corporate Occupier & Investor Services remains under the national leadership of Chuck Scott and Valuation & Advisory remains under the national leadership of Brian Kriter.

ABOUT CUSHMAN & WAKEFIELD

Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment. Founded in 1917, it has 250 offices in 60 countries, employing more than 16,000 professionals. It offers a complete range of services to its occupier and investor clients for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, appraisal, consulting, corporate services, and property, facilities, project and risk management.

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