NEW YORK – Cushman & Wakefield today announced it has been awarded an exclusive international services contract by Herbalife Ltd.(NYSE: HLF)to deliver transaction management and lease administration services for its worldwide real estate portfolio. Herbalife is a global nutrition company whose products are available exclusively through independent distributors in more than 80 countries.
The international component of Cushman & Wakefield’s contract includes all of Herbalife’s properties outside of the United States including distribution, manufacturing, office and product access facilities. Cushman & Wakefield prevailed in winning the contract among global competitors. Herbalife currently operates more than 250 facilities worldwide, and the portfolio includes an additional 300 locations that are managed through 3rd party operators.
“We are pleased to enter into this new relationship with Cushman &Wakefield to support our global growth in existing facilities. Providing our members with increased access to our products and sales support is a core part of our growth plans,” said Rich Goudis, chief operating officer of Herbalife.
Responding to the need for flexible and nimble solutions, Cushman & Wakefield’s Global Portfolio Solutions (GPS) Groupcustom crafted a team and a strategy that adapts to regional nuances which allow Herbalife’s country and regional business units to operate most effectively.
“We are delighted to leverage the full spectrum of our globally integrated platform on behalf of Herbalife, an international leader in the nutrition industry,” said Carlo Sant'Albano, executive chairman of Cushman & Wakefield. The winning of this important contract is a testament to our vision to provide the most creative and innovative services on a consistent basis, to provide meaningful value to our clients.”
Cushman & Wakefield’s GPS Group creates value for clients on a portfolio-wide basis. Its strategic approach involves the comprehensive management of the transactions that are responsible for the majority of value created or lost in real estate - acquisition, disposition, restructuring and refinancing. The GPS Group has the political and socioeconomic market knowledge to assist clients with real estate strategies that look into the future and identify opportunities based on extensive experience and collaboration with colleagues across all service lines and geographies.
GPS Group provides clients the accountability and control of a single point of contact responsible for sourcing and facilitating the entire range of services offered by Cushman & Wakefield’s global platform. The group’s uniform process and procedures bring order and clarity to complex portfolios. Timely and thorough reporting, along with analytical tools, provides clients with the basis for making sound decisions.
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Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 253 offices in 60 countries and nearly 15,000 professionals. It offers a complete range of services for all property types, including leasing, sales and acquisitions, equity, debt and structured finance, corporate finance and investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $3.7 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.
About Herbalife Ltd.
Herbalife Ltd. (NYSE:HLF) is a global nutrition company that sells weight-management, nutrition, and personal care products intended to support a healthy lifestyle. Herbalife products are sold in more than 80 countries to and through anetwork of independent distributors. The company supports the Herbalife Family Foundation and its Casa Herbalife program to help bring good nutrition to children. Herbalife's website contains financial and other information at www.herbalife.com.