Corio appoints CEO for Corio Deutschland (DE)

Corio has reached an agreement with Hubertus Kobe to join Corio as the CEO for Corio Deutschland.

Kobe was the Managing Partner of DTZ Zadelhoff Tie Leung GmbH until recently. Furthermore, he was member of the DTZ retail board EMEA-region. Before the merger of Donaldsons LLP and DTZ Holdings plc in 2007 he was Managing Partner of Donaldsons Deutschland GmbH & Co KG. Kobe was responsible for leading and developing the growth of the German business of DTZ with a special focus on the professional retail services. After this appointment Corio Deutschland's Management Board consists of two members, Hubertus Kobe (CEO) and Jack Noordergraaf (CFO). Kobe will start on July 1, 2011.

Before joining Donaldsons in 2004, Kobe started his career at KPMG Consulting AG in Frankfurt in 1994 where he became a Senior Manager in the Real Estate & Construction Division, responsible for planning, development and implementation of strategies regarding real estate management for private and public companies, especially in the retail real estate business. He joined Grundstücksgesellschaft Max Bahr Holzhandlung GmbH & Co KG in Hamburg as CEO in 2002, this is one of the top 10 DIY Companies in Germany with approximately €1 billion of assets in ownership.

From 2004 Kobe has taken care of the build-up and the further development of one of the leading retail real estate consulting companies in Germany, specializing in consulting with respect to transactions, asset management, property management, center management, leasing and (re)development and repositioning of shopping centers. In 2008 the company was taken over by the DTZ Holding PLC, London.

Lastly, Kobe was responsible for professional services of DTZ in Germany, consisting mainly of retail services, portfolio management and building consultancy. Furthermore, he was member of the DTZ retail board EMEA-region. Kobe's experience and knowledge of retail in general and of developing and managing shopping centers in particular in combination with his educational background, leadership capabilities and his personality makes him the ideal candidate for this position.

Currently, Corio's portfolio in Germany consists of two operational shopping centers with a value at year-end 2010 of €512 million and five development properties with a total expected investment of around €780 million. It is Corio's objective to grow the portfolio in Germany further in the coming years by acquiring shopping centers at central locations, preferably centers that can be revitalized for the benefit of the local catchment area.

Corio has created a strong local team in Germany with all relevant disciplines in-house to manage the full process from investments, optimizations, center management and letting, supported by the experience of Corio on a European level. By creating sustainable 'Favorite Meeting Places', Corio Deutschland aims to become one of the leading players in Germany.

Source: Hugin

Related News