A press statement issued by the real estate firm on 28 September read:

“By bringing together the two businesses, which will be operated as Cushman & Wakefield, the firm has now consolidated its entire presence across the Benelux region under single ownership following the global merger of Cushman & Wakefield and DTZ in September 2015. Last year, the firm acquired DTZ Zadelhoff in the Netherlands.

Sébastien Bequet has been appointed the new Head of Luxembourg for Cushman & Wakefield. He has been with Cushman & Wakefield for nearly 14 years and was previously Head of Office Agency in Luxembourg.”

Cushman & Wakefield, created 100 years ago, is said to employ 45,000 people in 70 countries.

The deal is expected to close in October. The company will trade under the Cushman & Wakefield name.