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. 

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

 

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.