C&W appointed to manage development in England.The Crown Estate has appointed Cushman & Wakefield as managing agent for its $1.34 billion Regent Street
Regent Street is a major shopping street and thoroughfare in London's West End. estate. The appointment was made after a competitive bidding Competitive bidding A securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. competitive bidding 1. process. The multi-million dollar contract is for a five-year period and will commence in October 2003. Cushman & Wakefield will help the Crown Estate deliver its ambition of developing Regent Street into a world-class international destination, synonymous with synonymous with adjective equivalent to, the same as, identical to, similar to, identified with, equal to, tantamount to, interchangeable with, one and the same as the values of heritage, quality, style and success. The Crown Estate is part of the hereditary HEREDITARY. That which is inherited. possessions of the Queen of England Noun 1. Queen of England - the sovereign ruler of England female monarch, queen regnant, queen - a female sovereign ruler , with profits paid to the Exchequer Exchequer English government department responsible for receiving and dispersing public revenue. It was established by Henry I in the 12th century, and its name refers to the checkered cloth on which the reckoning of revenues took place. (the UK's national Treasury) for the benefit of taxpayers. Cushman & Wakefield will be responsible for the management of Regent Street; liaising with existing customers of the Crown Estate in line with the strategy that has been developed to achieve the Regent Street Vision, a ten-year program of investment launched in 2001. Roger Bright, chief executive of the Crown E state, said: "We are delighted to be able to appoint Cushman & Wakefield as managing agents on Regent Street. In the bidding process they displayed innovation and impressive depths of knowledge as well as strong client satisfaction, which will help us to deliver our ambitious plans for Regent Street. They are an exciting team and we look forward to working with them." Andrew Gulliford, deputy senior partner of Cushman & Wakefield in London, said: "Regent Street is unique in terms of its location, its architecture, its size and its prestige. As part of a global firm, we are in a prime position to deliver world-class tenants, and we look forward to working with The Crown Estate to ensure that Regent Street continues its development as a world-class international destination." Regent Street is one of London's key shopping streets and office locations. It was opened in 1825 to link the home of the Prince Regent--the heir to the throne, who was later to become George IV--to Regent's Park
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