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Equity Method Investments
 3 Months Ended
Mar. 31, 2025
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments
Note 7: Equity Method Investments
Certain investments in which the Company has significant influence over the entity’s financial and operating policies, but does not control, are accounted for under the equity method. The Company’s material equity method investments include Cushman Wakefield Greystone LLC (the “Greystone JV”), in which the Company owns a 40% interest, and CWVS Holding Limited (the “Onewo JV”), in which the Company owns a 35% interest. In addition, the Company licenses certain of its trademarks to the Onewo JV and recognized royalty fee income of $2.3 million and $1.6 million for the three months ended March 31, 2025 and 2024, respectively, which is included in Other income, net in the Condensed Consolidated Statements of Operations.
The Company had investments in certain strategic joint ventures classified under the equity method of accounting as follows (in millions):
As of
March 31, 2025December 31, 2024
Greystone JV$591.6 $585.2 
Onewo JV
131.6 126.8 
Other investments12.2 11.6 
Total Equity method investments$735.4 $723.6 
The Company recognized earnings from equity method investments during the period as follows (in millions):
Three Months Ended March 31,
20252024
Greystone JV$6.3 $9.3 
Onewo JV
4.1 1.0 
Other investments0.7 1.4 
Total Earnings from equity method investments$11.1 $11.7 
The Company received no distributions from equity method investments during the three months ended March 31, 2025 and received distributions of $4.0 million during the three months ended March 31, 2024.