# EDGAR Filing Document

**Accession Number:** 0001628369
**File Stem:** 0001193125-25-301290
**Filing Date:** 2025-11
**Character Count:** 43706
**Document Hash:** 5f8616cefff958159ea792368064c93c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-301290.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0001193125-25-301290

**CONFORMED SUBMISSION TYPE**: S-8 POS

**PUBLIC DOCUMENT COUNT**: 4

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**EFFECTIVENESS DATE**: 20251128

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cushman & Wakefield plc
- **CENTRAL INDEX KEY:** 0001628369
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE [6500]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 981193584
- **STATE OF INCORPORATION:** Y9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8 POS
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-265876
- **FILM NUMBER:** 251532515

**BUSINESS ADDRESS:**
- **STREET 1:** 125 OLD BROAD STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2N 1AR
- **BUSINESS PHONE:** 44 20 3296 3000

**MAIL ADDRESS:**
- **STREET 1:** 125 OLD BROAD STREET
- **CITY:** LONDON
- **STATE:** X0
- **ZIP:** EC2N 1AR

**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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Cushman & Wakefield plc
- **DATE OF NAME CHANGE:** 20180719

**As filed with the Securities and Exchange Commission on November 28, 2025** 

**Registration No. 333-287364** 

**Registration No. 333-279455** 

**Registration No. 333-265876** 

**Registration No. 333-262372** 

**Registration No. 333-234210** 

**Registration No. 333-226875** 

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-287364** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-279455** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-265876** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-262372** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-234210** 

**Post-Effective Amendment No. 2 to Form S-8 Registration Statement No. 333-226875** 

***UNDER***

***THE SECURITIES ACT OF 1933***

**CUSHMAN & WAKEFIELD Ltd.** 

**(Exact name of registrant as specified in its charter)** 

---

| | |
|:---|:---|
| **Bermuda**<br> **(State or other jurisdiction of**<br> **incorporation or organization)**<br>**Canon's Court, 22 Victoria Street**<br> **Hamilton, Bermuda**<br> **(Address of Principal Executive Offices)** | **98-1896559**<br> **(I.R.S. Employer**<br> **Identification No.)**<br>**HM 12**<br> **(Zip Code)** |
| **Bermuda**<br> **(State or other jurisdiction of**<br> **incorporation or organization)**<br>**Canon's Court, 22 Victoria Street**<br> **Hamilton, Bermuda**<br> **(Address of Principal Executive Offices)** | **98-1896559**<br> **(I.R.S. Employer**<br> **Identification No.)**<br>**HM 12**<br> **(Zip Code)** |
| **Bermuda**<br> **(State or other jurisdiction of**<br> **incorporation or organization)**<br>**Canon's Court, 22 Victoria Street**<br> **Hamilton, Bermuda**<br> **(Address of Principal Executive Offices)** | **98-1896559**<br> **(I.R.S. Employer**<br> **Identification No.)**<br>**HM 12**<br> **(Zip Code)** |
| **Bermuda**<br> **(State or other jurisdiction of**<br> **incorporation or organization)**<br>**Canon's Court, 22 Victoria Street**<br> **Hamilton, Bermuda**<br> **(Address of Principal Executive Offices)** | **98-1896559**<br> **(I.R.S. Employer**<br> **Identification No.)**<br>**HM 12**<br> **(Zip Code)** |

---

**CUSHMAN & WAKEFIELD LTD. FOURTH AMENDED & RESTATED OMNIBUS MANAGEMENT SHARE AND CASH INCENTIVE PLAN** 

**CUSHMAN & WAKEFIELD LTD. THIRD AMENDED & RESTATED OMNIBUS NON-EMPLOYEE DIRECTOR SHARE AND CASH INCENTIVE PLAN** 

**CUSHMAN & WAKEFIELD LTD. FIRST AMENDED & RESTATED EXECUTIVE DEFERRED COMPENSATION PLAN** 

**DTZ JERSEY HOLDINGS LIMITED MANAGEMENT EQUITY INCENTIVE PLAN** 

**(Full titles of the plans)** 

**Noelle J. Perkins** 

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

**Cushman & Wakefield** 

**225 West Wacker Drive** 

**Chicago, Illinois 60606** 

**(Name and address of agent for service)** 

**(312) 470-1800** 

**(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** 

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

---

| | | | |
|:---|:---|:---|:---|
| 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. ☐

------

**EXPLANATORY NOTE** 

These post-effective amendments (the "Post-Effective Amendments") are 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 Cushman & Wakefield plc, a public limited company incorporated in England and Wales ("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. The Old Cushman & Wakefield Ordinary Shares were registered under the following registration statements on Form S-8 (together, the "Registration Statements"), but remain unissued or unsold under the Registration Statements, respectively:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. Registration Statement No. [333-287364](http://www.sec.gov/Archives/edgar/data/1628369/000119312525121712/d18040ds8.htm) , registering 3,800,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's 2018 Omnibus Management Share and Cash Incentive Plan, which was filed with the U.S. Securities and Exchange Commission (the "SEC" or the "Commission") on May 16, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Registration Statement No. [333-279455](http://www.sec.gov/Archives/edgar/data/1628369/000119312524140609/d838915ds8.htm) , registering 3,500,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's 2018 Omnibus Management Share and Cash Incentive Plan and 400,000 Old Cushman & Wakefield Ordinary Shares issuable under Old Cushman & Wakefield's 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, which was filed with the SEC on May 16, 2024.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Registration Statement No. [333-265876](http://www.sec.gov/Archives/edgar/data/1628369/000119312522183937/d401349ds8.htm) , registering 200,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, which was filed with the SEC on June 28, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Registration Statement No. [333-262372](http://www.sec.gov/Archives/edgar/data/1628369/000119312522019809/d26952ds8.htm) , registering 13,300,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's 2018 Omnibus Management Share and Cash Incentive Plan, which was filed with the SEC on January 27, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Registration Statement No. [333-234210](http://www.sec.gov/Archives/edgar/data/1628369/000119312519267714/d783134ds8.htm) , registering 400,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's Executive Deferred Compensation Plan, which was filed with the SEC on October 15, 2019.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Registration Statement No. [333-226875](http://www.sec.gov/Archives/edgar/data/1628369/000119312518250733/d592191ds8.htm) , registering 4,859,890 Old Cushman & Wakefield Ordinary Shares issuable under the DTZ Jersey
Holdings Limited Management Equity Incentive Plan, 10,492,618 Old Cushman & Wakefield Ordinary Shares issuable under a DTZ Jersey Holdings Limited RSU Agreement, 9,800,000 Old Cushman & Wakefield Ordinary Shares issuable under Old
Cushman & Wakefield's 2018 Omnibus Management Share and Cash Incentive Plan, and 200,000 Old Cushman & Wakefield Ordinary Shares issuable under Old Cushman & Wakefield's 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan, which was filed with the SEC on August 16, 2018.

In connection with the Scheme, New Cushman & Wakefield assumed Old Cushman & Wakefield's obligations under each of the Omnibus Management Share and Cash Incentive Plan (as amended and restated on November 27, 2025), the Omnibus Non-Employee Director Share and Cash Incentive Plan (as amended and restated on November 27, 2025), the Executive Deferred Compensation Plan (as amended and restated on November 27, 2025), and the DTZ Jersey Holdings Limited Management Equity Incentive Plan (collectively, the "Plans"). As a result, New Cushman & Wakefield Shares shall be issuable under the Plans in lieu of Old Cushman & Wakefield Ordinary Shares.

------

New Cushman & Wakefield expressly adopts the Registration Statements as its own registration statements for all purposes under the Securities Act and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Registration fees were paid at the time of filing the Registration Statements. No additional securities are being registered under these Post-Effective Amendments.

**PART I** 

**INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS** 

**Item 1. Plan Information.** 

The information required by Item 1 is included in documents sent or given to participants in the plans covered by these Post-Effective Amendments pursuant to Rule 428(b)(1) of the Securities Act.

**Item 2. Registrant Information and Employee Plan Annual Information.** 

The written statement required by Item 2 is included in documents sent or given to participants in the plans covered by these Post-Effective Amendments pursuant to Rule 428(b)(1) of the Securities Act.

**PART II** 

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT** 

**Item 3. Incorporation of Documents by Reference.** 

The registrant is subject to the informational and reporting requirements of Sections 13(a), 14, and 15(d) of the Exchange Act, and in accordance therewith files reports, proxy statements and other information with the Commission. The following documents, which have been filed with the Commission, are incorporated in these Post-Effective Amendments by reference:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Old Cushman 
& Wakefield's Annual Report on [Form 10-K](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001628369/000162836925000005/cwk-20241231.htm) for the year ended
December 31, 2024, filed with the Commission on February 21, 2025 and any amendment thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Old Cushman 
& Wakefield's Quarterly Report on [Form 10-Q](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/0001628369/000162836925000060/cwk-20250930.htm) for the quarterly
period ended September 30, 2025, filed with the Commission on October 30, 2025 and any amendment thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Old Cushman 
& Wakefield's Current Reports on [Form 8-K](http://www.sec.gov/Archives/edgar/data/1628369/000119312518244531/d577432d8k.htm) filed with the Commission since August 9, 2018 (other than
portions of those documents furnished or otherwise not deemed to be filed).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The registrant's Current Report on [Form 8-K 12B](http://www.sec.gov/Archives/edgar/data/../../../ix?doc=/Archives/edgar/data/1628369/000119312525301228/d52850d8k12b.htm) , filed with the Commission on November 28, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) [The description of the securities included under "Description of the New Cushman & Wakefield Shares" in Part V-Additional Information of the definitive proxy statement of Old Cushman & Wakefield, filed with the Commission on September 4, 2025](http://www.sec.gov/Archives/edgar/data/1628369/000130817925000588/cwk014520-def14a.htm) .

All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment to these Post-Effective Amendments which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in these Post-Effective Amendments and to be part hereof from the date of the filing of such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for the purposes of these Post-Effective Amendments to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of these Post-Effective Amendments.

------

**Item 4. Description of Securities.** 

Not applicable.

**Item 5. Interests of Named Experts and Counsel.** 

Not applicable.

**Item 6. 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 the Section 98 of the Companies Act 1981 of Bermuda (the "Companies Act") and of 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 to recover any gain, personal profit or advantage to which such director is not legally entitled. 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.

**Item 7. Exemption from Registration Claimed.** 

Not applicable.

**Item 8. Exhibits.** 

---

| | |
|:---|:---|
| **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) |
| 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) |
| 5.1\* | [Opinion of Appleby (Bermuda) Limited](d83650dex51.htm) |
| 23.1\* | [Consent of KPMG LLP, Independent Registered Public Accounting Firm](d83650dex231.htm) |
| 23.2 | [Consent of Appleby (Bermuda) Limited (filed as part of Exhibit 5.1)](d83650dex51.htm) |
| 24.1 | [Powers of attorney (included on the signature pages of these Post-Effective Amendments)](d83650ds8pos.htm#sig) |
| 99.1 | A&R Omnibus Management Plan (incorporated by reference to Exhibit 10.3 to the registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025) |
| 99.2 | A&R Omnibus Non-Employee Director Plan (incorporated by reference to Exhibit 10.4 to the registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025) |
| 99.3 | A&R Deferred Compensation Plan (incorporated by reference to Exhibit 10.5 to the registrant's Current Report on Form 8-K 12B, filed with the Commission on November 28, 2025) |

---

\* Filed herewith.

------

**Item 9. Undertakings.** 

(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to these
Registration Statements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration
Statements (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statements. Notwithstanding the foregoing, any increase or
decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of
prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20% change in the maximum aggregate offering price set forth in the "Calculation of Registration
Fee" table in the effective Registration Statements; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the
Registration Statements or any material change to such information in the Registration Statements;

*provided, however,* that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the 1934 Act that are incorporated by reference in the Registration Statements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment
shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which
remain unsold at the termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the
Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or Section 15(d) of the 1934 Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to
Section 15(d) of the 1934 Act) that is incorporated by reference in the Registration Statements shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors,
officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been
settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

------

**SIGNATURES** 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused these Post-Effective Amendments to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York, State of New York on the 28th day of November 2025.

---

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

---

**POWER OF ATTORNEY** 

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Michelle MacKay as his or her true and lawful attorney-in-fact and agent, upon the action of either such appointee, with full power of substitution and resubstitution, to do any and all acts and things and execute, in the name of the undersigned, any and all instruments which each of said attorneys-in-fact and agents may deem necessary or advisable in order to enable Cushman & Wakefield Ltd. to comply with the Securities Act of 1933, as amended (the "Securities Act"), and any requirements of the Securities and Exchange Commission (the "Commission") in respect thereof, in connection with the filing with the Commission of these Post-Effective Amendments under the Securities Act, including specifically, but without limitation, power and authority to sign the name of the undersigned to such Post-Effective Amendments, and any amendments to such Registration Statements (including post-effective amendments), and to file or cause to be filed the same with all exhibits thereto and other documents in connection therewith with the Commission, to sign any and all applications, registration statements, notices or other documents necessary or advisable to comply with applicable state securities laws, and to file or cause to be filed the same, together with other documents in connection therewith with the appropriate state securities authorities, granting unto each of said attorneys-in-fact and agents full power and authority to do and to perform each and every act and thing requisite or necessary to be done in and about the premises, as fully and to all intents and purposes as the undersigned might or could do in person, hereby ratifying and confirming all that each of said attorneys-in-fact and agents may lawfully do or cause to be done by virtue of this Power of Attorney.

------

Pursuant to the requirements of the Securities Act of 1933, as amended, these Post-Effective Amendments have been signed on the 28th day of November, 2025 by the following persons in the following capacities.

---

| | | |
|:---|:---|:---|
| **Signature** | **Title** | **Date** |
| /s/ Michelle MacKay<br> Michelle MacKay | Chief Executive Officer and Director<br> (Principal Executive Officer and Authorized<br> Representative in the United States) | November 28, 2025 |
| /s/ Neil Johnston<br> Neil Johnston | Chief Financial Officer<br> (Principal Financial Officer) | November 28, 2025 |
| /s/ Laurida Sayed<br> Laurida Sayed | Chief Accounting Officer<br> (Principal Accounting Officer) | November 28, 2025 |
| /s/ Michelle Felman<br> Michelle Felman | Director | November 28, 2025 |
| /s/ Jennifer McPeek<br> Jennifer McPeek | Director | November 28, 2025 |
| /s/ Timothy Wennes<br> Timothy Wennes | Director | November 28, 2025 |
| /s/ Jodie Watt McLean<br> Jodie Watt McLean | Director | November 28, 2025 |
| /s/ Billie Williamson<br> Billie Williamson | Director | November 28, 2025 |
| /s/ Susan Daimler<br> Susan Daimler | Director | November 28, 2025 |
| /s/ Stephen Plavin<br> Stephen Plavin | Director | November 28, 2025 |
| /s/ Angela Sun<br> Angela Sun | Director | November 28, 2025 |
| /s/ Rajesh Vennam<br> Rajesh Vennam | Director | November 28, 2025 |

---

## Exhibit 5.1

**Exhibit 5.1** 

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| | |
|:---|:---|
| **Cushman & Wakefield Ltd.** | **Email** jnoddings@applebyglobal.com |
| Canon's Court<br> 22 Victoria Street<br> Hamilton<br> Pembroke, HM12<br> Bermuda | <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 |

---

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| <br>Bermuda Office<br>Appleby (Bermuda) Limited<br> Canon's Court<br> 22 Victoria Street<br> PO Box HM 1179<br> Hamilton HM EX<br> Bermuda<br>Tel +1 441 295 2244<br>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. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dear Sirs,<br>**Cushman & Wakefield Ltd. (Company)**<br>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 statements on Form S-8 with Registration Nos. 333-287364, 333-279455, 333-265876, 333-262372, 333-234210 and 333-226875 (**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.<br>We refer, in particular, to the:<br>• 3,800,000 common shares issuable under the 2018 Omnibus Management Share and Cash Incentive Plan (as amended and restated from time to time)(**Omnibus Management Share and Cash Incentive Plan**), which was filed with the U.S. Securities and Exchange Commission (SEC) on May 16, 2025;<br>• 3,500,000 common shares issuable under the Omnibus Management Share and Cash Incentive Plan which was filed with the SEC on May 16, 2024;<br>• 400,000 common shares issuable under the 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan (as amended and restated from time to time) (**Omnibus Non-Employee Director Share and Cash Incentive Plan**), which was filed with the SEC on May 16, 2024;<br>• 200,000 common shares issuable under the Omnibus Non-Employee Director Share and Cash Incentive Plan, which was filed with the SEC on June 28, 2022;<br>|

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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;&nbsp;&nbsp;&nbsp; • 13,300,000 common shares issuable under the Omnibus Management Share and Cash Incentive Plan, which was filed with the SEC on January 27, 2022;<br>• 400,000 common shares issuable under the Executive Deferred Compensation Plan, which was filed with the SEC on October 15, 2019;<br>• 4,859,890 common shares issuable under the DTZ Jersey Holdings Limited Management Equity Incentive Plan, which was filed with the SEC on August 16, 2018;<br>• 10,492,618 common shares issuable under a DTZ Jersey Holdings Limited RSU Agreement, which was filed with the SEC on August 16, 2018;<br>• 9,800,000 common shares issuable under the Omnibus Management Share and Cash Incentive Plan, which was filed with the SEC on August 16, 2018;<br>• 200,000 common shares issuable under the Omnibus Non-Employee Director Share and Cash Incentive Plan, which was filed with the SEC on August 16, 2018, (**Common Shares**).<br>Except as otherwise defined herein, capitalised terms are used as defined in the Registration Statement or as defined in Schedule 1.<br>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.<br>1. **ASSUMPTIONS**<br>In stating our opinion we have assumed:<br>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;<br>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;<br>1.3 the genuineness of all signatures on the Documents;<br>1.4 the authority, capacity and power of each of the persons signing the Documents;<br>

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

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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;<br>1.6 the validity and binding effect under the laws of England and Wales of the Plans in accordance with their respective terms;<br>1.7 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;<br>1.8 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 Statements 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;<br>1.9 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;<br>1.10 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;<br>1.11 that there is no provision of any award agreement made under the Plans which would have any implication in relation to the opinions expressed herein;<br>1.12 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;<br>

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

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1.13 that on the date of issuance of any of the Common Shares the Company will have sufficient authorised but unissued common shares;<br>1.14 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; and<br>1.15 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.<br>2. **OPINION**<br>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:<br>2.1 The Company is an exempted company limited by shares duly incorporated and existing under the laws of Bermuda.<br>2.2 When issued and paid for in accordance with the terms of the Plans, 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).<br>3. **RESERVATIONS**<br>We have the following reservations:<br>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.<br>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.<br>

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

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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:<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) whether any arbitration or administrative proceedings are pending or whether any proceedings are threatened, or whether any arbitrator has been appointed; or<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.<br>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.<br>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.<br>

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

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4. **DISCLOSURE**<br>This opinion is furnished to the Addressees in connection with the filing of the Registration Statements 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 Statements. 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.<br>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.<br>Yours faithfully<br><u>/s/ Appleby (Bermuda) Limited</u><br>**Appleby (Bermuda) Limited**<br>

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;&nbsp;&nbsp; **SCHEDULE 1**<br>1. The Registration Statements.<br>2. A copy of the 2018 Omnibus Management Share and Cash Incentive Plan.<br>3. A copy of the 2018 Omnibus Non-Employee Director Share and Cash Incentive Plan.<br>4. A copy of the Executive Deferred Compensation Plan.<br>5. A copy of the DTZ Jersey Holdings Limited Management Equity Incentive Plan.<br>6. A copy of the DTZ Jersey Holdings Limited RSU Agreement.<br>(Documents 2 – 6 above being together the **Plans**)<br>7. 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**).<br>8. Copies of the written resolutions of the sole director of the Company dated 26 November 2025 (**Resolutions**).<br>9. 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**).<br>10. 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**).<br>

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

## Exhibit 23.1

**Exhibit 23.1**![LOGO](g83650dsp8a.jpg)

KPMG LLP<br> Aon Center<br> Suite 5500<br> 200 E. Randolph Street<br> Chicago, IL 60601-6436<br>

**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.