Real estate services firm Cushman & Wakefield has appointed Andreas Siebert as head of retail investment Germany.
Based in Dusseldorf, he will be responsible for the firm’s retail real estate acquisition and sales business in Germany. The 53-year-old will report to Alexander Kropf, head of capital markets Germany.
Siebert joins Cushman & Wakefield from JLL, where he had worked since 2009, most recently as senior team leader retail Investment NRW. JLL absorbed Kemper's in 2009, where Siebert had been employed since 1999, latterly as managing director in Düsseldorf from 2007. The real estate economist and qualified banker’s previous roles include HSBC Trinkaus & Burkhardt and the former Dresdner Bank.
Alexander Kropf, head of Capital Markets Germany, said: ‘In Andreas Siebert, we are gaining a proven expert with 23 years of market experience for our retail division. In addition to his in-depth market knowledge and contacts in retail real estate investment, he has extensive experience in concept development and letting of retail properties. He will further expand the existing team and focus our activities on letting in addition to acquisitions and sales.”’
Kropf added: ‘I am convinced that a large proportion of the price correction in the bricks-and-mortar retail market has already taken place. This market segment will remain important because consumers will not want to be deprived of a real shopping atmosphere despite the encroachments of online trade. However, to activate the dormant potential here, new concepts with a stronger experiential character are required.’
