International real estate advisor Cushman & Wakefield acquired the leading real-property appraiser Property Tax Resources (PTR) in America. The purchase builds on Cushman & Wakefield’s existing property tax services and adds a best-in-class proprietary tax management platform while extending C&W’s services along vertically-aligned asset class expertise.
Frank Adema, Valuation & Advisory Partner Cushman & Wakefield, comments on the acquisition: " This acquisition is also important for our local Dutch WOZ services. Our traditional focus is the combination of valuation and legal expertise, which also applies to PTR. We add our thorough knowledge of national and international real estate markets. This gives our customers greater added value, because it is an important basis to to keep the tax burden as low as possible for them. In addition, this acquisition further enhances our ability to offer this service to both national and international customers."
The team at Cushman & Wakefield in the Netherlands which is responsible for property tax advisory consists of 4 employees. Each year, the team performs more than 250 property tax valuations and consultancy assignments for national and international clients.