People Moves: Cushman & Wakefield appoints Andrea Penman as Head of UK Asset Services
Press Release -- Cushman & Wakefield has appointed Andrea Penman as Head of UK Asset Services. She succeeds Nick Ridley who is leaving to start his own business after 22 years with the real estate services firm.
Penman – known as Andie – was most recently Chief Operating Officer of CBRE's UK Property Management business. She spent more than six years at CBRE, following senior property and facilities management roles in the legal sector. Previously, she was Estates Director for Broadgate Estates.
Cushman & Wakefield's Asset Services business provides property management, operational asset management, ESG, placemaking and related asset services across approximately 35 million square metres of commercial property in Europe.
Karen Clements, Managing Director, UK Asset Services and Valuation & Advisory, Cushman & Wakefield, said: "We are delighted that Andie has chosen to join Cushman & Wakefield. She is a highly regarded senior leader who brings a wealth of experience in improving and growing PM and FM operations. We believe our Asset Services proposition is distinct and market-leading, reflecting the industry shift from managing physical real estate to delivering space as a service, consciously curating experiences that deliver value for both occupiers and investors. Andie's appointment reflects the strategic importance of Asset Services to our UK and EMEA business and supports our objective of growing our Asset Services business in a way that reshapes the UK property management market.
"Nick leaves with our best wishes for his new venture. He has made a significant contribution to our Asset Services business which has been transformed into a truly customer-centric model delivering improved experiences for owners, occupiers and customers alike. We look forward to seeing Asset Services continue to develop and grow under Andie's leadership."
Andrea Penman, incoming Head of UK Asset Services, Cushman & Wakefield, said: "I am really enthused by Cushman & Wakefield's Asset Services proposition and in particular the focus on managing the best assets and delivering value-adding services that enhance the customer and tenant experience. I can't wait to get started."
Penman and Ridley will work together on a smooth transition of responsibilities before Ridley leaves the firm.
-- ENDS --
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in approximately 400 offices and 60 countries. In 2022, the firm reported revenue of $10.1 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), Environmental, Social and Governance (ESG) and more. For additional information, visit www.cushmanwakefield.com.