Cushman & Wakefield Healey & Baker (C&W/H&B) yesterday announced that it has joined forces with Germany’s leading retail advisor, Kemper’s Holding GmbH, in a wide-ranging cooperation agreement.
The combination of Kemper’s leadership position in the German retail sector and C&W/H&B’s strengths in valuation/advisory work and in the office/industrial agency and investment markets will result in an unparalleled range of client services and significant mutual benefits for both parties. The combined operations will number 160 employees in eight locations across Germany.
Under the agreement, C&W/H&B has acquired a 25% equity interest in Kemper’s Holding GmbH, the holding company for the Kemper’s group of companies. C&W/H&B and Kemper’s will continue to be managed separately but will operate in close cooperation.
Philip Ingleby, Managing Partner of C&W/H&B in Germany, comments: “Kemper’s nationwide retail network is a perfect fit with our existing and well-established commercial real estate business, and together we will be a powerful force able to provide the very best range of services for our German and international clients.”
Gerhard K. Kemper, Managing Director of Kemper’s Holding GmbH, said: “Our clients’ focus is increasingly international and they also expect a comprehensive line of commercial real estate services. We value C&W/H&B’s extensive global reach and we are gaining a strong partner in the areas of office/industrial as well as valuation/advisory. Together we can advise our clients in all aspects of commercial property.”