DUSSELDORF-Cushman & Wakefield has acquired a 25% stake in the holding company for Germany’s top retail advisor, Kemper’s Holding GmbH. The two companies will continue to be managed separately, but will operate in close cooperation, according to C&W.Philip Ingleby, managing partner of C&W in Germany, says the combination of Kemper’s leadership position in the German retail sector is a good fit with C&W’s German operations, which are strong in valuation and advisory as well as office, industrial and investment markets.Founded in 1972 as a family firm, Kemper’s is now a partnership specializing in the leasing of urban retail developments. The company handles the vast majority of retail leasing transactions in Germany through eight offices located in Dusseldorf, Berlin, Frankfurt, Hamburg, Hannover, Cologne, Leipzig und Munich. Kemper’s 2003 sales numbers were not immediately available Tuesday afternoon. In 2002, the company says it brokered 403 sale and lease transactions, posting sales of Euro 16.8 million ($20.3 million), a 4% decline from 2001. The company says its management portfolio expanded by 68% in 2002 to 1.1 million sf.C&W is the world’s largest privately held real estate services firm. Founded in 1917 and based in New York, the firm has 164 offices in 49 countries worldwide. The company’s European operations are handled by London based Cushman & Wakefield Healy & Baker. In Germany, the company keeps offices in Dusseldorf, Frankfurt and Munich. 

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