Corio has reached an agreement with Hubertus Kobe to join Corio as the CEO for
Corio Deutschland. Mr. Kobe was the Managing Partner of DTZ Zadelhoff Tie Leung
GmbH (hereafter: DTZ) until recently. Furthermore, he was member of the DTZ
retail board EMEA-regio. Before the merger of Donaldsons LLP and DTZ Holdings
plc. in 2007 he was Managing Partner of Donaldsons Deutschland GmbH & Co KG
(hereafter: Donaldsons). Mr 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). Mr.
Kobe will start on 1 July 2011.
Before joining Donaldsons in 2004, Mr. 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
GrundstÃ¼cksgesellschaft 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 â‚¬ 1
billion of assets in ownership.
From 2004 Mr. 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, centre management, leasing and (re)development and
repositioning of shopping centres. In 2008 the company was taken over by the DTZ
Holding PLC, London. Lastly, Mr. 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. Mr Kobe's experience and knowledge of retail in general and of
developing and managing shopping centres 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
centres with a value at year end 2010 of â‚¬ 512 m and five development properties
with a total expected investment of around â‚¬ 780 m. It is Corio's objective to
grow the portfolio in Germany further in the coming years by acquiring shopping
centres at central locations, preferably centres that can be revitalised for the
benefit of the local catchment area. Corio has created by now, 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 an European level. By creating
sustainable Favourite Meeting Places Corio Deutschland aims to become one of the
leading players in Germany.
Corio is one of the largest listed retail property companies in Europe. Corio's
portfolio of â‚¬7.2 billion consists for 96% of shopping centres in its six home
markets: The Netherlands, France, Italy, Spain, Germany and Turkey. Corio has
its management fully internalized.
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Source: Corio NV via Thomson Reuters ONE