# EDGAR Filing Document

**Accession Number:** 0001628369
**File Stem:** 0001193125-25-311354
**Filing Date:** 2025-12
**Character Count:** 30685
**Document Hash:** ce7697306ed34563086886750bcd24fa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-311354.hdr.sgml**: 20251208

**ACCESSION NUMBER**: 0001193125-25-311354

**CONFORMED SUBMISSION TYPE**: POSASR

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251208

**DATE AS OF CHANGE**: 20251208

**EFFECTIVENESS DATE**: 20251208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cushman & Wakefield Ltd.
- **CENTRAL INDEX KEY:** 0001628369
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 981896559
- **STATE OF INCORPORATION:** D0
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** POSASR
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-279526
- **FILM NUMBER:** 251556713

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 22 VICTORIA ST.
- **CITY:** HAMILTON
- **NON US STATE TERRITORY:** PEMBROKE
- **PROVINCE COUNTRY:** D0
- **ZIP:** HM 12
- **BUSINESS PHONE:** 441 298 3300

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 22 VICTORIA ST.
- **CITY:** HAMILTON
- **NON US STATE TERRITORY:** PEMBROKE
- **PROVINCE COUNTRY:** D0
- **ZIP:** HM 12

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushman & Wakefield plc
- **DATE OF NAME CHANGE:** 20180726

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushman & Wakefield Ltd
- **DATE OF NAME CHANGE:** 20180726

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushman & Wakefield Ltd.
- **DATE OF NAME CHANGE:** 20180726

**As filed with the Securities and Exchange Commission on December 8, 2025** 

**Registration No. 333-279526** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**POST-EFFECTIVE AMENDMENT NO. 1** 

**TO** 

**FORM S-3** 

**REGISTRATION STATEMENT** 

***UNDER***

***THE SECURITIES ACT OF 1933***

## CUSHMAN & WAKEFIELD Ltd.
**(Exact name of registrant as specified in its charter)** 

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| | |
|:---|:---|
| **Bermuda** | **98-1896559** |
| **(State or other jurisdiction of**<br> **incorporation or organization)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**Canon's Court, 22 Victoria Street** 

**Hamilton HM 12, Bermuda** 

**+1 441 298 3300** 

**(Address, including zip code, and telephone number, including area code, of registrant's principal executive offices)** 

**Noelle J. Perkins** 

**Executive Vice President, Chief Legal Officer & Secretary** 

**Cushman & Wakefield** 

**225 West Wacker Drive** 

**Chicago, Illinois 60606** 

**(312) 470-1800**

**(Name, address including zip code, and telephone number, including area code, of agent for service)** 

***Copies to:***

**Helena K. Grannis** 

**Cleary Gottlieb Steen & Hamilton LLP** 

**One Liberty Plaza** 

**New York, NY 10006** 

**(212) 225-2000** 

**Approximate date of commencement of proposed sale to the public**: From time to time after the effective date of this Registration Statement.

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box: ☐

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act.

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| | | | |
|:---|:---|:---|:---|
| Large accelerated filer | ☒ | Accelerated filer | ☐ |
| Non-accelerated filer | ☐ | Smaller reporting company | ☐ |
|  |  | Emerging growth company | ☐ |

---

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

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**EXPLANATORY NOTE** 

This Post-Effective Amendment No. 1 (this "Amendment"), relates to the Registration Statement on Form S-3 (the "Registration Statement"), File No. [333-279526](http://www.sec.gov/Archives/edgar/data/1628369/000119312524142157/d768227ds3asr.htm), of Cushman & Wakefield plc, a public limited company incorporated in England and Wales ("Old Cushman & Wakefield"), which was filed with the U.S. Securities and Exchange Commission (the "Commission") on May 20, 2024 and became effective on May 20, 2024.

This Amendment is being filed pursuant to Rule 414 of the Securities Act of 1933, as amended (the "Securities Act"), by Cushman & Wakefield Ltd., a Bermuda exempted company ("New Cushman & Wakefield" or the "Registrant"), as the successor issuer to Old Cushman & Wakefield. Such succession occurred following the effectiveness, on November 27, 2025 (the "Effective Time"), of a United Kingdom court-approved scheme of arrangement (the "Scheme"). Pursuant to the Scheme, each Cushman & Wakefield ordinary share, nominal value $0.10 per share of Old Cushman & Wakefield (the "Old Cushman & Wakefield Ordinary Shares") was exchanged for one share of the equivalent common shares, par value $0.10 per share, of New Cushman & Wakefield (the "New Cushman & Wakefield Shares"), which resulted in New Cushman & Wakefield becoming the holding company of Old Cushman & Wakefield, its subsidiaries, affiliates and joint ventures.

Except as modified by this Amendment, in accordance with Rule 414 under the Securities Act, the Registrant, as the successor registrant to Old Cushman & Wakefield, hereby expressly adopts the Registration Statement as its own for all purposes of the Securities Act and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The information contained in this Amendment sets forth the additional information necessary to reflect any material changes made in connection with or resulting from the succession or necessary to keep the Registration Statement from being misleading in any material respect.

For the purposes of this Amendment and the Registration Statement, unless the context otherwise requires, the terms "our" and "us" refer to Old Cushman & Wakefield and its subsidiaries with respect to the period prior to the Effective Time and to the Registrant and its subsidiaries with respect to the period on and after the Effective Time.

The prospectus contained in the Registration Statement incorporates by reference all documents filed by the Old Cushman & Wakefield under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of the initial filing of the Registration Statement and all documents filed by the Registrant under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act. The prospectus contained in the Registration Statement, as well as all documents filed by us under Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act before the Effective Time and incorporated by reference in the Registration Statement, will not reflect the change in our name or capital stock, among other things. With respect to such information, or any other information contained or incorporated by reference in the Registration Statement that is modified by information subsequently incorporated by reference in the Registration Statement, the statements or information previously contained or incorporated in the Registration Statement shall also be deemed modified or superseded in the same manner.

The rights of holders of New Cushman & Wakefield Shares are now governed by the Registrant's memorandum of association and the Registrant's bye-laws, initially filed as exhibits to the Registrant's Current Report on Form 8-K 12B filed with the Commission on November 28, 2025, each of which is incorporated herein by reference. The Registration Statement and prospectus shall remain unchanged in all other respects. Accordingly, this Amendment consists only of this explanatory note and revised versions of the following parts of the Form S-3: the description of indemnification of directors, the exhibit index and the exhibits filed in connection with this Amendment. No additional securities are being registered under this Amendment.

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**PART II** 

**Item 15. Indemnification of Directors and Officers.** 

The following is only a general summary of certain aspects of Bermuda law and the Registrant's bye-laws (the "Bye-Laws") that are related to the indemnification of directors and officers, and it does not purport to be complete. It is qualified in its entirety by reference to the detailed provisions of Section 98 of the Companies Act 1981 of Bermuda (the "Companies Act") and the Bye-Laws.

The Companies Act provides generally that a Bermuda company may exempt or indemnify its directors, officers and auditors against any liability which by virtue of any rule of law would otherwise be imposed on them in respect of any negligence, default, breach of duty or breach of trust, except in cases where such liability arises from fraud or dishonesty of which such director, officer or auditor may be guilty in relation to the company. Section 98 further provides that a Bermuda company may indemnify its directors, officers and auditors against any liability incurred by them in defending any proceedings, whether civil or criminal, in which judgment is awarded in their favor or in which they are acquitted or granted relief by the Supreme Court of Bermuda pursuant to Section 281 of the Companies Act.

Provisions in the Bye-Laws provide that New Cushman & Wakefield shall indemnify its officers and directors in respect of their actions and omissions, except in respect of their fraud or dishonesty. The Bye-Laws provide that New Cushman & Wakefield shareholders waive any claim or right of action that they have, both individually and on New Cushman & Wakefield's behalf, against any director or officer in relation to any action or failure to take action by such director or officer, except in respect of any fraud or dishonesty of such director or officer. Section 98A of the Companies Act permits New Cushman & Wakefield to purchase and maintain insurance for the benefit of any officer or director in respect of any loss or liability attaching to him or her in respect of any negligence, default, breach of duty or breach of trust, whether or not New Cushman & Wakefield may otherwise indemnify such officer or director.

The indemnification rights set forth above shall not be exclusive of any other right which an indemnified person may have or hereafter acquire under any statute, provision of the Bye-Laws, agreement, vote of shareholders or disinterested directors or otherwise.

New Cushman & Wakefield expects to maintain standard policies of insurance that provide coverage (1) to its directors and officers against losses arising from claims made by reason of breach of duty or other wrongful act and (2) to New Cushman & Wakefield with respect to indemnification payments that it may make to such directors and officers.

New Cushman & Wakefield intends to enter into indemnification agreements with its directors. These agreements will require New Cushman & Wakefield to indemnify these individuals to the fullest extent permitted under Bermuda law against liabilities that may arise by reason of their service to New Cushman & Wakefield, and to advance expenses incurred as a result of any proceeding against them as to which they could be indemnified.

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**Item 16. Financial Statements and Exhibits.** 

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| | |
|:---|:---|
| **Exhibit No.** | **Exhibit Description** |
| 3.1 | [Memorandum of Association of Cushman & Wakefield Ltd. (incorporated by reference to Exhibit 3.1 to the Registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025)](http://www.sec.gov/Archives/edgar/data/1628369/000119312525301228/d52850dex31.htm) |
| 3.2 | [Bye-Laws of the Registrant adopted by Old Cushman & Wakefield shareholders on November 27, 2025 (incorporated by reference to Exhibit 3.2 to the Registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025)](http://www.sec.gov/Archives/edgar/data/1628369/000119312525301228/d52850dex32.htm) |
| 4.1 | [Description of Registrant's Securities (incorporated by reference to Exhibit 4.1 to the Registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025)](http://www.sec.gov/Archives/edgar/data/1628369/000119312525301228/d52850dex41.htm) |
| 5.1\* | [Opinion of Appleby (Bermuda) Limited](d96023dex51.htm) |
| 23.1\* | [Consent of KPMG LLP, Independent Registered Public Accounting Firm](d96023dex231.htm) |
| 23.2 | [Consent of Appleby (Bermuda) Limited (filed as part of Exhibit 5.1)](d96023dex51.htm) |
| 24.1 | [Powers of attorney (included on the signature pages of this Amendment)](#sig) |

---

\* Filed herewith.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the Registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in New York, New York on December 8, 2025.

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| |
|:---|
| **CUSHMAN & WAKEFIELD LTD.** |
| /s/ Michelle MacKay |
| By: Michelle MacKay |
| Title: Chief Executive Officer |

---

**POWER OF ATTORNEY** 

Each officer and director of New Cushman & Wakefield whose signature appears below constitutes and appoints Michelle MacKay as his or her true and lawful attorney-in-fact and agent, with full power of substitution and revocation, for him or her and in his or her name, place and stead, in any and all capacities, to execute any or all amendments including any post-effective amendments and supplements to the Registration Statement, and any additional Registration Statement filed pursuant to Rule 462(b), and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agent, or his or her substitute or substitutes, may lawfully do or cause to be done by virtue hereof.

------

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment has been signed below by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Michelle MacKay | Chief Executive Officer and Director | December 8, 2025 |
| Michelle MacKay | (Principal Executive Officer and Authorized Representative in the United States) |  |
| /s/ Neil Johnston | Chief Financial Officer | December 8, 2025 |
| Neil Johnston | (Principal Financial Officer) |  |
| /s/ Laurida Sayed | Chief Accounting Officer | December 8, 2025 |
| Laurida Sayed | (Principal Accounting Officer) |  |
| /s/ Michelle Felman | Director | December 8, 2025 |
| Michelle Felman |  |  |
| /s/ Jennifer McPeek | Director | December 8, 2025 |
| Jennifer McPeek |  |  |
| /s/ Timothy Wennes | Director | December 8, 2025 |
| Timothy Wennes |  |  |
| /s/ Jodie Watt McLean | Director | December 8, 2025 |
| Jodie Watt McLean |  |  |
| /s/ Billie Williamson | Director | December 8, 2025 |
| Billie Williamson |  |  |
| /s/ Susan Daimler | Director | December 8, 2025 |
| Susan Daimler |  |  |
| /s/ Stephen Plavin | Director | December 8, 2025 |
| Stephen Plavin |  |  |
| /s/ Angela Sun | Director | December 8, 2025 |
| Angela Sun |  |  |
| /s/ Rajesh Vennam | Director | December 8, 2025 |
| Rajesh Vennam |  |  |

---

## Exhibit 5.1

Bermuda Office

Appleby (Bermuda) Limited

Canon's Court

22 Victoria Street

PO Box HM 1179

Hamilton HM EX

Bermuda

Tel +1 441 295 2244

Appleby (Bermuda) Limited (the Legal Practice) is a company limited by shares incorporated in Bermuda and approved and recognised under the Bermuda Bar (Professional Companies) Rules 2009. "Partner" is a title referring to a director, shareholder or an employee of the Legal Practice. A list of such persons can be obtained from your relationship partner.

**Exhibit 5.1** 

---

| | |
|:---|:---|
| **Cushman & Wakefield Ltd.**<br>Canon's Court<br> 22 Victoria Street<br> Hamilton<br> Pembroke, HM12<br> Bermuda | **Email** jnoddings@applebyglobal.com<br>**Direct Dial** +1 441 298 3553<br> **Tel** +1 441 295 2244<br>**Your Ref**<br>**Appleby Ref** 467545.0001/JN<br>28 November 2025 |

---

Dear Sirs,

**Cushman & Wakefield Ltd. (Company)** 

We act as legal counsel in Bermuda to the Company. The Company has requested that we provide this opinion in connection with the filing with the Securities and Exchange Commission (**Commission**) of a post-effective amendment to the registration statement on Form S-3 (**Registration Statement**), which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto under the Securities Act of 1933, as amended (**Securities Act**) and the rules and regulations promulgated thereunder. We refer, in particular, to the issue of common shares of $0.01 each in the capital of the Company (**Common Shares**).

Except as otherwise defined herein, capitalised terms are used as defined in the Registration Statement or as defined in Schedule 1.

For the purposes of this opinion we have examined and relied upon the documents listed, and in some cases defined, in Schedule 1 to this opinion (**Documents**) together with such other documentation as we have considered requisite to this opinion.

1. **ASSUMPTIONS** 

In stating our opinion we have assumed:

1.1 the authenticity, accuracy and completeness of all Documents and other documentation examined by us submitted
to us as originals and the conformity to authentic original documents of all Documents and other such documentation submitted to us as certified, conformed, notarised, faxed or photostatic copies;

1.2 that each of the Documents and other such documentation which was received by electronic means is complete,
intact and in conformity with the transmission as sent;

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1.3 the genuineness of all signatures on the Documents;

1.4 the authority, capacity and power of each of the persons signing the Documents;

1.5 that any representation, warranty or statement of fact or law, other than as to the laws of Bermuda, made in
any of the Documents is true, accurate and complete;

1.6 that each Director of the Company, when the Board of Directors of the Company passed or adopted the
Resolutions, as applicable, discharged his fiduciary duty owed to the Company and acted honestly and in good faith with a view to the best interests of the Company;

1.7 that there are no provisions of the laws or regulations of any jurisdiction other than Bermuda which would be
contravened by the issuance of the Common Shares or which would have any implication in relation to the opinion expressed herein and that, in so far as any obligation to be performed or action to be taken as described in the Registration Statement
is required to be performed or taken in any jurisdiction outside Bermuda, the performance of such obligation or the taking of such action will constitute a valid and binding obligation of each of the parties thereto under the laws of that
jurisdiction and will not be illegal by virtue of the laws of that jurisdiction;

1.8 that the Resolutions are in full force and effect, have not been rescinded, either in whole or in part, and
accurately record the resolutions passed or adopted, as applicable, by the Board of Directors of the Company either in a meeting which was duly convened and at which a duly constituted quorum was present and voting throughout or by way of unanimous
written resolutions, and that there is no matter affecting the authority of the Directors, not disclosed by the applicable Constitutional Documents or the Resolutions, which would have any adverse implication in relation to the opinions expressed
herein;

1.9 that the form and terms of any and all Common Shares, the issuance and sale thereof by the applicable Company,
and the applicable Company's incurrence and performance of its obligations thereunder or in respect thereof (including, without limitation, its obligations under any related agreement, indenture or supplement thereto) in accordance with the
terms thereof will not violate the applicable Company's Constitutional Documents nor any applicable law, regulation, order or decree in Bermuda;

1.10 that, upon the issue of any Common Shares, the Company will receive consideration for the full issue price
thereof which shall be equal to at least the par value thereof;

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

1.11 that on the date of issuance of any of the Common Shares the Company will have sufficient authorised but
unissued common shares;

1.12 that the records which were the subject of the Company Search were complete and accurate at the time of such
search and disclosed all information which is material for the purposes of this opinion and such information has not since the date of the Company Search been materially altered;

1.13 that the records which were the subject of the Litigation Search were complete and accurate at the time of such
search and disclosed all information which is material for the purposes of this opinion and such information has not since the date of the Litigation Search been materially altered; and

1.14 that all necessary corporate action will be taken to authorise and approve any issuance of Securities and their
terms, the terms of the offering thereof and related matters, and that the applicable definitive purchase, underwriting or similar agreement and the applicable indenture and any applicable supplements thereto and any debt securities guarantee
agreement and any applicable supplements thereto, will be duly approved, executed and delivered by or on behalf of the applicable Company and all other parties thereto (collectively, in respect of the applicable Company, **Corporate Proceedings**).

2. **OPINION** 

Based upon and subject to the foregoing and subject to the reservations set out below and to any matters not disclosed to us, we are of the opinion that:

2.1 The Company is an exempted company limited by shares duly incorporated and existing under the laws of Bermuda.

2.2 Subject to the completion of the applicable Corporate Proceedings, the Common Shares will be validly issued,
fully paid and non-assessable (which term means when used herein that no further sums are required to be paid by the holders thereof in connection with the issue of such shares).

3. **RESERVATIONS** 

We have the following reservations:

3.1 We express no opinion as to any law other than Bermuda law and none of the opinions expressed herein relates to
compliance with or matters governed by the laws of any jurisdiction except Bermuda. This opinion is limited to Bermuda law as applied by the Courts of Bermuda at the date hereof.

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

3.2 Under the Companies Act 1981, the register of members of a Bermuda exempted company is deemed prima facie
evidence of any matters which the Companies Act 1981 directs or authorises to be set out therein and, in particular, a third-party interest in the Shares would not appear in such register.

3.3 Searches of the Register of Companies at the office of the Registrar of Companies and of the Supreme Court
Causes Book at the Registry of the Supreme Court are not conclusive and it should be noted that the Register of Companies and the Supreme Court Causes Book do not reveal:

(a) details of matters which have been lodged for filing or registration which as a matter of best practice of the
Registrar of Companies or the Registry of the Supreme Court would have or should have been disclosed on the public file, the Causes Book or the Judgment Book, as the case may be, but for whatever reason have not actually been filed or registered or
are not disclosed or which, notwithstanding filing or registration, at the date and time the search is concluded are for whatever reason not disclosed or do not appear on the public file, the Causes Book or Judgment Book;

(b) details of matters which should have been lodged for filing or registration at the Registrar of Companies or
the Registry of the Supreme Court but have not been lodged for filing or registration at the date the search is concluded;

(c) whether an application to the Supreme Court for a winding-up petition
or for the appointment of a receiver or manager has been prepared but not yet been presented or has been presented but does not appear in the Causes Book at the date and time the search is concluded;

(d) whether any arbitration or administrative proceedings are pending or whether any proceedings are threatened, or
whether any arbitrator has been appointed; or

(e) whether a receiver or manager has been appointed privately pursuant to the provisions of a debenture or other
security, unless notice of the fact has been entered in the Register of Charges in accordance with the provisions of the Act.

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

3.4 In order to issue this opinion we have carried out the Company Search as referred to in Schedule 1 to this
opinion and have not enquired as to whether there has been any change since the date of such search.

3.5 In order to issue this opinion we have carried out the Litigation Search as referred to in Schedule 1 to this
opinion and have not enquired as to whether there has been any change since the date of such search.

4. **DISCLOSURE** 

This opinion is furnished to the Addressees in connection with the filing of the Registration Statement and is not to be used, quoted or otherwise relied on for any other purpose. We consent to the filing of this opinion as an exhibit to the Registration Statement. As Bermuda attorneys we are not qualified to opine on matters of law in any jurisdiction other than Bermuda. As such, in giving this consent, we do not admit that we are experts within the meaning of Section 11 of the Securities Act or that we are within the category of persons whose consent is required under Section 7 of the Securities Act.

This opinion is governed by and is to be construed in accordance with Bermuda law. It is given on the basis that it will not give rise to any legal proceedings with respect thereto in any jurisdiction other than Bermuda.

Yours faithfully

<u>/s/ Appleby (Bermuda) Limited</u> 

**Appleby (Bermuda) Limited** 

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

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**SCHEDULE 1** 

1. The Registration Statement.

2. Certified copies of the Certificate of Incorporation, Memorandum of Association and Amended & Restated Bye-Laws of the Company (collectively referred to as the **Constitutional Documents**).

3. Copies of the written resolutions of the sole director of the Company dated 26 November 2025
(**Resolutions**).

4. The entries and filings shown in respect of each Company on the file of the Companies maintained in the
Register of Companies at the office of the Registrar of Companies in Hamilton, Bermuda, as revealed by an electronic company extract prepared by the Registrar of Companies on 27 November 2025 (**Company Search**).

5. The entries and filings shown in respect of each Company in the Supreme Court Causes Book maintained at the
Registry of the Supreme Court in Hamilton, Bermuda, as revealed by a search conducted on 27 November 2025 (**Litigation Search**).

Bermuda • British Virgin Islands • Cayman Islands • Guernsey • Hong Kong • Isle of Man • Jersey • Mauritius • Seychelles • Shanghai • Shenzhen

## Exhibit 23.1

**Exhibit 23.1** 

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| | |
|:---|:---|
| ![LOGO](g96023g86a89.jpg) |  |
|  | KPMG LLP |
|  | Aon Center |
|  | Suite 5500<br> 200 E. Randolph Street |
|  | Chicago, IL 60601-6436 |

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**Consent of Independent Registered Public Accounting Firm** 

We consent to the use of our reports dated February 20, 2025, with respect to the consolidated financial statements of Cushman & Wakefield plc and subsidiaries, and the effectiveness of internal control over financial reporting, incorporated herein by reference.

/s/ KPMG LLP

Chicago, Illinois

November 28, 2025

KPMG LLP, a Delaware limited liability partnership and a member firm of

the KPMG global organization of independent member firms affiliated with

KPMG International Limited, a private English company limited by guarantee.