The Italian family owners of Cushman & Walefield have appointed advisers to sell the company.
Exor, the invesent vehicle of the Agnelli family, has lined up Goldman Sachs and Morgan Stanley to find a buyer for the company, which is the largest privately owned commercial real estate agent in the world.
A Cushman & Wakefield spokesman said: “As is the normal course of business, both Cushman & Wakefield and Exor continually seek ways to further enhance the businesses, create value and further accelerate their plans.
“There is currently no transaction to disclose, nor guarantee that such a review may result in any transaction involving Cushman & Wakefield.”
According to a report in the Wall Street Journal, Exor is seeking a private buyer for the business and would not consider selling to a rival.
It paid $565.4m for a 67.5% share in the company in 2008 and it has since increased its ownership to 81%.
C&W posted earnings before interest tax and amortisation of $163m (£105.2m) in the 12 months to September 2014.
