Cushman & Wakefield 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.
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.”